XML 119 R103.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 20 - Subsequent Event - Unaudited Pro Forma Combined Consolidated Condensed Statement of Income (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and fees on originated loans                 $ 25,798 $ 23,824 $ 22,726
Interest bearing deposits in other institutions                 53 33 24
Federal funds sold                 20 13 14
Investment securities $ 7,821 $ 7,420 $ 7,405 $ 7,348 $ 7,343 $ 7,151 $ 7,066 $ 7,035      
Dividends on stock                 104 98 87
Total interest and dividend income                 29,994 28,595 27,874
Deposits                 3,618 3,426 3,633
Short-term borrowings                 322 194 148
Other borrowings                 68 83 118
Trust preferred securities                 182 117 171
Total interest expense 1,073 1,026 1,066 1,025 988 959 990 883 4,190 3,820 4,070
Net interest income 6,748 6,394 6,339 6,323 6,355 6,192 6,076 6,152 25,804 24,775 23,804
Provision for loan and lease losses                 570 315 370
Net interest income after provision for loan and lease losses 6,493 6,289 6,234 6,218 6,250 6,087 6,076 6,047 25,234 24,460 23,434
Service charges on deposit accounts                 1,940 1,874 1,876
Investment securities gains, net                 303 323 248
Earnings on bank-owned life insurance                 403 624 276
Gains on sale of loans                 419 329 237
Other income                 479 458 500
Total noninterest income 485 977 1,173 909 1,178 1,108 962 796 3,959 4,044 3,588
Salaries and employee benefits                 10,249 9,751 8,817
Occupancy expense                 1,252 1,253 1,108
Equipment expense                 991 944 963
Data processing costs                 1,335 1,071 917
Other expense                 2,601 2,850 2,296
Total noninterest expense 4,957 5,662 4,915 5,338 5,380 4,669 5,217 4,811 20,872 20,077 17,850
Income before taxes 2,021 1,604 2,492 1,789 2,048 2,526 1,821 2,032 8,321 8,427 9,172
Income taxes 776 261 566 302 298 544 316 404 1,905 1,562 1,992
NET INCOME $ 1,245 $ 1,343 $ 1,926 $ 1,487 $ 1,750 $ 1,982 $ 1,505 $ 1,628 $ 6,416 $ 6,865 $ 7,180
Pro forma net income per common share - basic (in dollars per share) $ 0.55 $ 0.60 $ 0.94 $ 0.79 $ 0.93 $ 0.96 $ 0.73 $ 0.79 $ 3.04 $ 3.41 $ 3.52
Pro forma net income per common share - diluted (in dollars per share) $ 0.55 $ 0.60 $ 0.94 $ 0.79 $ 0.92 $ 0.96 $ 0.73 $ 0.78 $ 3.03 $ 3.39 $ 3.50
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share (in shares) 2,251,412 2,247,587 2,051,137 1,878,177 1,884,484 2,064,054 2,058,986 2,053,660 2,107,857 2,014,966 2,041,635
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share (in shares) 2,259,589 2,256,230 2,059,411 1,886,943 1,893,345 2,072,639 2,068,313 2,062,867 2,119,214 2,024,120 2,049,506
Merger of Liberty Bank, N.A. into The Middlefield Banking Company [member] | Pro Forma [Member]                      
Interest and fees on originated loans                 $ 35,308 $ 31,986  
Interest bearing deposits in other institutions                 210 124  
Federal funds sold                 20 13  
Investment securities                 4,019 4,627  
Dividends on stock                 138 164  
Total interest and dividend income                 39,695 36,914  
Deposits                 4,315 4,265  
Short-term borrowings                 322 194  
Other borrowings                 560 575  
Trust preferred securities                 182 117  
Total interest expense                 5,379 5,151  
Net interest income                 34,316 31,763  
Provision for loan and lease losses                 570 315  
Net interest income after provision for loan and lease losses                 33,746 31,448  
Service charges on deposit accounts                 2,266 2,156  
Investment securities gains, net                 303 323  
Earnings on bank-owned life insurance                 430 678  
Gains on sale of loans                 1,257 805  
Other income                 1,229 1,224  
Total noninterest income                 5,485 5,186  
Salaries and employee benefits                 14,523 13,454  
Occupancy expense                 1,762 1,746  
Equipment expense                 1,206 1,156  
Data processing costs                 1,931 1,489  
Amortization of Intangible Assets                 382 382  
Other expense                 8,919 8,453  
Total noninterest expense                 28,723 26,680  
Income before taxes                 10,508 9,954  
Income taxes                 2,473 1,954  
NET INCOME                 8,035 8,000  
Less: Income attributable to common stock subject to possible conversion                  
Pro forma net income attributable to common stock not subject to possible conversion                 $ 8,035 $ 8,000  
Pro forma net income per common share - basic (in dollars per share)                 $ 3.02 $ 3.11  
Pro forma net income per common share - diluted (in dollars per share)                 $ 3 $ 3.10  
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share (in shares)                 2,664,936 2,572,045  
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share (in shares)                 2,676,293 2,581,199