XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and Dividend Income        
Interest and fees on loans $ 5,370 $ 4,688 $ 10,606 $ 9,228
Interest on deposits in banks 62 68 110 73
Interest and dividends on securities available for sale:        
Taxable interest 683 540 1,424 898
Tax-exempt interest 142 78 289 142
Dividends 21 18 40 39
Total interest and dividend income 6,278 5,392 12,469 10,380
Interest Expense        
Interest on deposits 329 266 662 566
Interest on federal funds purchased   1 3 2
Interest on subordinated debt 89   179  
Interest on junior subordinated debt 64 55 125 109
Interest on other borrowings   2 5 3
Total interest expense 482 324 974 680
Net interest income 5,796 5,068 11,495 9,700
Recovery of loan losses   (100)   (100)
Net interest income after recovery of loan losses 5,796 5,168 11,495 9,800
Noninterest Income        
Service charges on deposit accounts 914 752 1,694 1,299
ATM and check card fees 515 497 1,003 846
Wealth management fees 334 499 670 1,002
Fees for other customer services 137 184 284 291
Income from bank owned life insurance 107 90 193 164
Net gains (losses) on calls and sales of securities available for sale     6 (52)
Net gains on sale of loans 31 50 52 105
Bargain purchase gain   201   201
Other operating income 74 36 153 44
Total noninterest income 2,112 2,309 4,055 3,900
Noninterest Expense        
Salaries and employee benefits 3,415 3,597 6,859 6,722
Occupancy 365 339 789 656
Equipment 394 422 826 703
Marketing 120 163 227 260
Supplies 103 229 204 574
Legal and professional fees 156 431 467 643
ATM and check card fees 221 190 426 345
FDIC assessment 126 64 248 131
Bank franchise tax 90 130 193 252
Telecommunications expense 115 100 229 185
Data processing expense 146 226 274 413
Postage expense 57 80 126 197
Amortization expense 198 196 405 200
Other real estate owned (income) expense, net (49) 152 (121) 116
Other operating expense 426 536 848 945
Total noninterest expense 5,883 6,855 12,000 12,342
Income before income taxes 2,025 622 3,550 1,358
Income tax expense 592 178 1,018 370
Net income 1,433 444 2,532 988
Effective dividend on preferred stock   328   657
Net income available to common shareholders $ 1,433 $ 116 $ 2,532 $ 331
Earnings per common share        
Basic $ 0.29 $ 0.02 $ 0.51 $ 0.07
Diluted $ 0.29 $ 0.02 $ 0.51 $ 0.07