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Note 17 - Consolidated Quarterly Financial Information (unaudited) (Details) - Consolidated Quarterly Financial Information (unaudited) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
2015                              
Total interest income $ 8,825 $ 9,016 $ 8,866 $ 9,627 $ 9,018 $ 8,904 $ 8,925 $ 9,508 $ 8,966 $ 8,748 $ 8,764 $ 9,480 $ 36,334 $ 36,355 $ 35,958
Total interest expense 694 731 717 697 715 696 738 726 773 818 923 1,059 2,839 2,875 3,573
Net interest income 8,131 8,285 8,149 8,930 8,303 8,208 8,187 8,782 8,193 7,930 7,841 8,421 33,495 33,480 32,385
Provision for loan losses (1) 380 [1] (11) [1] 799 [1] (78) [1] 1,589 [2] (682) [2] 1,386 [2] 494 [2] (198) [3] 833 [3] (189) [3] 31 [3] 1,090 2,787 477
Noninterest income (2) 1,607 [4] 1,584 [4] 1,917 [4] 3,489 [4] 1,657 [4] 2,106 [4] 1,912 [4] 4,118 [4] 1,039 [4] 1,574 [4] 1,965 [4] 3,940 [4] 8,597 9,793 8,518
Noninterest expense 6,911 7,727 7,554 7,427 7,757 7,244 6,997 7,295 6,790 7,320 7,317 7,948 29,619 29,293 29,375
Net income $ 1,898 $ 1,642 $ 1,410 $ 3,624 $ 423 $ 2,742 $ 1,344 $ 3,564 $ 1,886 $ 1,061 $ 1,942 $ 3,223 $ 8,574 $ 8,073 $ 8,112
Earnings per share (in Dollars per share) $ 0.46 $ 0.40 $ 0.34 $ 0.88 $ 0.10 $ 0.67 $ 0.33 $ 0.87 $ 0.47 $ 0.26 $ 0.48 $ 0.79 $ 2.08 $ 1.97 $ 2.00
[1] During the first and third quarters of 2015, the Company experienced negative provision expense as a result of lower general allocations of the allowance for loan losses. General allocations were impacted by improved economic trends that include: decreasing historical loan loss factor, lower delinquencies and lower classified/criticized assets.
[2] During the third quarter of 2014, the Company experienced negative provision expense that was primarily related to a decrease in specific allocations impacted by the improvement in collateral values of an impaired commercial real estate loan relationship. A re-appraisal of the commercial properties securing the loan identified asset appreciation, which resulted in a $524 reduction to the specific allocation related to the loan.
[3] During most of 2013, the Company experienced minimal to negative provision expense as a result of lower general allocations of the allowance for loan losses. General allocations were impacted by improved economic trends that include: decreasing historical loan loss factor, lower delinquencies and lower classified/criticized assets.
[4] The Company's noninterest income was significantly impacted by seasonal tax refund processing fees. The Bank serves as a facilitator for the clearing of taxrefunds for a single tax refund product provider. The Bank processes electronic refund checks/deposits associated with taxpayer refunds, and will, in turn, receive a fee paid by the third-party tax refund product provider for each transaction processed. Due to the seasonal nature of tax refund transactions, the majority of income was recorded during the first quarter.