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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income      
Interest and fees on taxable loans $ 37,241,000 $ 34,530,000 $ 31,986,000
Interest and fees on tax-exempt loans 540,000 339,000 349,000
Interest and dividends on taxable investment securities 6,792,000 5,053,000 4,435,000
Interest and dividends on tax-exempt investment securities 585,000 364,000 250,000
Interest on federal funds sold and other interest-earning assets 278,000 187,000 185,000
Total interest income 45,436,000 40,473,000 37,205,000
Interest expense      
Demand- interest bearing 1,401,000 888,000 825,000
Money market and savings 2,170,000 1,929,000 1,786,000
Time deposits 695,000 719,000 867,000
Other borrowings 1,115,000 1,108,000 1,112,000
Total interest expense 5,381,000 4,644,000 4,590,000
Net interest income 40,055,000 35,829,000 32,615,000
Provision for loan losses 500,000 900,000 4,935,000
Net interest income after provision for loan losses 39,555,000 34,929,000 27,680,000
Non-interest income      
Loan advisory and servicing fees 2,226,000 1,452,000 1,615,000
Gain on sales of SBA loans 3,139,000 4,717,000 5,338,000
Service fees on deposit accounts 1,720,000 1,224,000 1,046,000
Legal settlements 2,550,000 0 238,000
Gain on sale of investment securities 108,000 458,000 703,000
Other-than-temporary impairment (13,000) 21,000 0
Portion recognized in other comprehensive income (before taxes) 10,000 (28,000) 0
Net impairment loss on investment securities (3,000) (7,000) 0
Bank owned life insurance income 0 0 13,000
Other non-interest income 203,000 173,000 263,000
Total non-interest income 9,943,000 8,017,000 9,216,000
Non-interest expenses      
Salaries and employee benefits 22,488,000 20,089,000 17,064,000
Occupancy 4,929,000 4,247,000 3,635,000
Depreciation and amortization 3,080,000 2,382,000 2,105,000
Legal 915,000 1,290,000 1,878,000
Other real estate owned 4,239,000 1,794,000 3,179,000
Advertising 627,000 597,000 447,000
Data processing 1,593,000 1,345,000 1,000,000
Insurance 720,000 586,000 625,000
Professional fees 1,268,000 1,468,000 1,420,000
Regulatory assessments and costs 1,248,000 1,065,000 1,257,000
Taxes, other 689,000 616,000 557,000
Legal settlements 0 0 1,875,000
Other operating expenses 5,295,000 5,071,000 5,369,000
Total non-interest expense 47,091,000 40,550,000 40,411,000
Income (loss) before benefit for income taxes 2,407,000 2,396,000 (3,515,000)
Benefit for income taxes (26,000) (46,000) (35,000)
Net income (loss) $ 2,433,000 $ 2,442,000 $ (3,480,000)
Net income (loss) per share      
Basic (in Dollars per share) $ 0.06 $ 0.07 $ (0.13)
Diluted (in Dollars per share) $ 0.06 $ 0.07 $ (0.13)