XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Earnings - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Taxable $ 5,359 $ 5,330 $ 15,624 $ 15,750
Tax-exempt 33 62 102 189
Investment securities:        
Taxable 1,133 1,089 3,527 3,424
Tax-exempt 996 869 2,912 2,533
Total interest income 7,521 7,350 22,165 21,896
Interest expense:        
Deposits 418 285 1,150 849
Borrowings 501 513 1,469 1,529
Total interest expense 919 798 2,619 2,378
Net interest income 6,602 6,552 19,546 19,518
Provision for loan losses 100 150 250 500
Net interest income after provision for loan losses 6,502 6,402 19,296 19,018
Non-interest income:        
Fees and service charges 1,896 1,873 5,528 5,449
Gains on sales of loans, net 1,220 1,219 4,301 4,418
Bank owned life insurance 514 125 750 390
Gains on sales of investment securities, net 39 261 363 558
Other 267 264 823 769
Total non-interest income 3,936 3,742 11,765 11,584
Non-interest expense:        
Compensation and benefits 3,933 3,903 11,608 11,481
Occupancy and equipment 1,107 1,131 3,228 3,242
Amortization of intangibles 320 373 946 1,041
Data processing 360 369 1,027 1,026
Professional fees 478 258 1,244 759
Advertising 166 166 498 498
Federal deposit insurance premiums 74 75 219 295
Foreclosure and real estate owned expense (18) 60 83 176
Deposit related loss 8,082 8,082
Other 1,120 1,059 3,287 3,249
Total non-interest expense 15,622 7,394 30,222 21,767
Earnings (loss) before income taxes (5,184) 2,750 839 8,835
Income tax (benefit) expense [1] (2,523) 594 (1,088) 1,960
Net (loss) earnings [1],[2] $ (2,661) $ 2,156 $ 1,927 $ 6,875
Earnings (loss) per share:        
Basic [1],[3] $ (0.69) $ 0.56 $ 0.50 $ 1.82
Diluted [1],[3] (0.69) 0.55 0.49 1.78
Dividends per shar [3] $ 0.20 $ 0.19 $ 0.60 $ 0.57
[1] Income tax expense, net earnings, and earnings per share for the periods ended September 30, 2016 have been recast to reflect the early adoption of Accounting Standards Update ("ASU") 2016-09
[2] Net earnings for the periods ended September 30, 2016 have been recast to reflect the early adoption of ASU 2016-09.
[3] Per share amounts for the periods ended September 30, 2016 have been adjusted to give effect to the 5% stock dividend paid during December 2016.