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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and Dividend Income        
Interest and fees on loans $ 4,854 $ 4,536 $ 14,082 $ 13,154
Interest on deposits in banks 61 3 134 33
Interest and dividends on securities available for sale:        
Taxable interest 713 536 1,611 1,660
Tax-exempt interest 116 86 258 276
Dividends 20 20 59 62
Total interest and dividend income 5,764 5,181 16,144 15,185
Interest Expense        
Interest on deposits 282 343 848 1,115
Interest on federal funds purchased   2 2 2
Interest on junior subordinated debt 56 55 165 163
Interest on other borrowings   30 3 89
Total interest expense 338 430 1,018 1,369
Net interest income 5,426 4,751 15,126 13,816
Recovery of loan losses   (100) (100) (700)
Net interest income after recovery of loan losses 5,426 4,851 15,226 14,516
Noninterest Income        
Service charges on deposit accounts 897 655 2,196 1,928
ATM and check card fees 529 367 1,375 1,067
Wealth management fees 477 494 1,479 1,450
Fees for other customer services 172 94 463 307
Income from bank owned life insurance 106 103 270 266
Net (losses) on sale of securities available for sale   (91) (52) (69)
Net gains on sale of loans 53   158  
Other operating income 10 32 255 46
Total noninterest income 2,244 1,654 6,144 4,995
Noninterest Expense        
Salaries and employee benefits 3,637 2,668 10,359 7,731
Occupancy 396 303 1,052 896
Equipment 400 299 1,103 898
Marketing 176 114 436 349
Stationery and supplies 116 84 690 258
Legal and professional fees 243 250 886 699
ATM and check card fees 236 167 581 493
FDIC assessment 134 90 265 384
Bank franchise tax 131 106 383 305
Telecommunications expense 131 75 316 219
Data processing expense 130 129 543 378
Postage expense 73 49 270 138
Amortization expense 226 4 426 12
Other real estate owned expense (income), net 144 (23) 260 (62)
Net loss on disposal of premises and equipment       2
Other operating expense 528 438 1,473 1,214
Total noninterest expense 6,701 4,753 19,043 13,914
Income before income taxes 969 1,752 2,327 5,597
Income tax expense 243 505 613 1,662
Net income 726 1,247 1,714 3,935
Effective dividend and accretion on preferred stock 328 329 985 810
Net income available to common shareholders $ 398 $ 918 $ 729 $ 3,125
Earnings per common share        
Basic $ 0.08 $ 0.19 $ 0.15 $ 0.64
Diluted $ 0.08 $ 0.19 $ 0.15 $ 0.64