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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME        
Federal funds sold and interest-bearing deposits $ 10 $ 7 $ 19 $ 22
Federal Home Loan Bank stock 40 35 87 78
Securities:        
Taxable 552 620 1,278 1,267
Tax-exempt 90 125 195 245
Total securities 642 745 1,473 1,512
Loans:        
SBA loans 643 778 1,226 1,555
SBA 504 loans 433 441 832 1,092
Commercial loans 4,738 4,250 9,340 8,251
Residential mortgage loans 2,052 1,649 4,110 3,199
Consumer loans 544 496 1,039 1,005
Total loans 8,410 7,614 16,547 15,102
Total interest income 9,102 8,401 18,126 16,714
INTEREST EXPENSE        
Interest-bearing demand deposits 109 90 220 191
Savings deposits 188 164 370 340
Time deposits 693 537 1,337 1,083
Borrowed funds and subordinated debentures 807 808 1,606 1,609
Total interest expense 1,797 1,599 3,533 3,223
Net interest income 7,305 6,802 14,593 13,491
Provision for loan losses 550 300 1,150 950
Net interest income after provision for loan losses 6,755 6,502 13,443 12,541
NONINTEREST INCOME        
Branch fee income 342 348 718 695
Service and loan fee income 285 319 580 623
Gain on sale of SBA loans held for sale, net 255 86 337 327
Gain on sale of mortgage loans, net 188 547 553 1,025
BOLI income 96 75 192 146
Net security gains 268 108 378 334
Other income 206 175 408 332
Total noninterest income 1,640 1,658 3,166 3,482
NONINTEREST EXPENSE        
Compensation and benefits 3,122 3,166 6,340 6,341
Occupancy 619 627 1,279 1,321
Processing and communications 597 562 1,179 1,123
Furniture and equipment 379 371 735 736
Professional services 247 234 458 424
Loan collection costs 174 228 344 406
OREO expenses 95 63 342 190
Deposit insurance 171 179 349 328
Advertising 287 181 438 301
Other expenses 453 463 939 1,029
Total noninterest expense 6,144 6,074 12,403 12,199
Income before provision for income taxes 2,251 2,086 4,206 3,824
Provision for income taxes 723 739 1,385 1,278
Net income 1,528 1,347 2,821 2,546
Preferred stock dividends and discount accretion   465   869
Income available to common shareholders $ 1,528 $ 882 $ 2,821 $ 1,677
Net income per common share        
Basic $ 0.20 $ 0.12 $ 0.37 $ 0.22
Diluted $ 0.20 $ 0.11 $ 0.37 $ 0.21
Weighted average common shares outstanding:        
Basic 7,605 7,544 7,596 7,541
Diluted 7,690 7,911 7,672 7,881