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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME    
Federal funds sold and interest-bearing deposits $ 39 $ 44
FHLB stock 155 165
Securities:    
Taxable 1,459 2,183
Tax-exempt 284 355
Total securities 1,743 2,538
Loans:    
SBA loans 2,693 2,467
SBA 504 loans 1,414 1,676
Commercial loans 21,357 19,329
Residential mortgage loans 11,048 8,898
Consumer loans 3,202 2,301
Total loans 39,714 34,671
Total interest income 41,651 37,418
INTEREST EXPENSE    
Interest-bearing demand deposits 438 430
Savings deposits 1,088 856
Time deposits 3,160 2,777
Borrowed funds and subordinated debentures 2,974 3,243
Total interest expense 7,660 7,306
Net interest income 33,991 30,112
Provision for loan losses 500 2,550
Net interest income after provision for loan losses 33,491 27,562
NONINTEREST INCOME    
Branch fee income 1,520 1,469
Service and loan fee income 1,334 1,260
Gain on sale of SBA loans held for sale, net 1,204 975
Gain on sale of mortgage loans, net 2,336 1,139
BOLI income 380 559
Net security gains 28 433
Other income 927 844
Total noninterest income 7,729 6,679
NONINTEREST EXPENSE    
Compensation and benefits 14,295 12,750
Occupancy 2,515 2,478
Processing and communications 2,461 2,461
Furniture and equipment 1,643 1,510
Professional services 942 748
Loan costs 759 780
OREO expenses 382 485
Deposit insurance 669 677
Advertising 1,030 998
Other expenses 2,156 1,801
Total noninterest expense 26,852 24,688
Income before provision for income taxes 14,368 9,553
Provision for income taxes 4,811 3,145
Net income $ 9,557 $ 6,408
Net income per common share - Basic $ 1.13 $ 0.82
Net income per common share - Diluted $ 1.12 $ 0.81
Weighted average common shares outstanding - Basic 8,425 7,856
Weighted average common shares outstanding - Diluted 8,529 7,945