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Consolidated Statements Of Operations - 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        
Loans, including fees $ 3,044 $ 2,402 $ 5,990 $ 4,524
Securities 34 42 69 86
FHLB stock dividends 19 19 39 39
Federal funds sold and other 16 15 33 32
Total interest and dividend income 3,113 2,478 6,131 4,681
Interest expense        
Deposits 558 368 1,043 723
FHLB advances and other debt 58 26 115 71
Subordinated debentures 41 41 81 83
Total interest expense 657 435 1,239 877
Net interest income 2,456 2,043 4,892 3,804
Provision for loan losses 75 108 150 128
Net interest income after provision for loan losses 2,381 1,935 4,742 3,676
Noninterest income        
Service charges on deposit accounts 116 106 232 209
Net gains on sales of loans 209 132 293 149
Net gain (loss) on sales of securities     (12)  
Earnings on bank owned life insurance 33 32 65 64
Other 106 88 241 181
Total noninterest income 464 358 819 603
Noninterest expense        
Salaries and employee benefits 1,217 1,051 2,437 2,154
Occupancy and equipment 134 135 273 293
Data processing 268 224 517 431
Franchise and other taxes 81 49 161 99
Professional fees 202 257 446 554
Director fees 33 13 66 25
Postage, printing and supplies 58 57 130 141
Advertising and promotion 45 1 90 4
Telephone 31 27 56 52
Loan expenses 6 11 43 15
Foreclosed assets, net 28 70 74 81
Depreciation 52 70 104 122
FDIC premiums 103 85 207 164
Regulatory assessment 47 39 98 78
Other insurance 31 33 61 69
Other 42 73 80 113
Total noninterest expense 2,378 2,195 4,843 4,395
Income (loss) before incomes taxes $ 467 $ 98 $ 718 $ (116)
Income tax expense        
Net income (loss) $ 467 $ 98 $ 718 $ (116)
Dividends on Series B preferred stock and accretion of discount (215) (59) (429) (59)
Earnings (loss) attributable to common stockholders $ 252 $ 39 $ 289 $ (175)
Earnings (loss) per common share:        
Basic $ 0.02 $ 0.00 $ 0.02 $ (0.01)
Diluted $ 0.02 $ 0.00 $ 0.02 $ (0.01)