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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and Dividend Income        
Interest and fees on loans $ 4,688 $ 4,403 $ 9,228 $ 8,618
Interest on deposits in banks 68 14 73 30
Interest and dividends on securities available for sale:        
Taxable interest 540 562 898 1,124
Tax-exempt interest 78 95 142 190
Dividends 18 21 39 42
Total interest and dividend income 5,392 5,095 10,380 10,004
Interest Expense        
Interest on deposits 266 372 566 772
Interest on federal funds purchased 1   2  
Interest on trust preferred capital notes 55 54 109 108
Interest on other borrowings 2 30 3 59
Total interest expense 324 456 680 939
Net interest income 5,068 4,639 9,700 9,065
Recovery of loan losses (100) (400) (100) (600)
Net interest income after recovery of loan losses 5,168 5,039 9,800 9,665
Noninterest Income        
Service charges on deposit accounts 752 643 1,299 1,273
ATM and check card fees 497 365 846 700
Wealth management fees 499 472 1,002 956
Fees for other customer services 184 126 291 213
Income from bank owned life insurance 90 89 164 163
Net gains (losses) on sale of securities available for sale   22 (52) 22
Net gains on sale of loans 50   105  
Other operating income 237 8 245 14
Total noninterest income 2,309 1,725 3,900 3,341
Noninterest Expense        
Salaries and employee benefits 3,597 2,554 6,722 5,063
Occupancy 339 278 656 593
Equipment 422 295 703 599
Marketing 163 126 260 235
Stationery and supplies 229 94 574 174
Legal and professional fees 431 247 643 449
ATM and check card fees 190 163 345 326
FDIC assessment 64 122 131 294
Bank franchise tax 130 105 252 199
Telecommunications expense 100 73 185 144
Data processing expense 226 134 413 249
Postage expense 80 49 197 89
Amortization expense 196 4 200 8
Other real estate owned expense (income), net 152 (70) 116 (39)
Net loss on disposal of premises and equipment       2
Other operating expense 536 374 945 776
Total noninterest expense 6,855 4,548 12,342 9,161
Income before income taxes 622 2,216 1,358 3,845
Income tax expense 178 674 370 1,157
Net income 444 1,542 988 2,688
Effective dividend and accretion on preferred stock 328 261 657 481
Net income available to common shareholders $ 116 $ 1,281 $ 331 $ 2,207
Earnings per common share        
Basic $ 0.02 $ 0.26 $ 0.07 $ 0.45
Diluted $ 0.02 $ 0.26 $ 0.07 $ 0.45