XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income    
Loans, including fees $ 12,126 $ 10,310
Securities 131 157
FHLB stock dividends 78 78
Federal funds sold and other 70 66
Total interest and dividend income 12,405 10,611
Interest expense    
Deposits 2,212 1,562
FHLB advances and other debt 232 162
Subordinated debentures 164 165
Total interest expense 2,608 1,889
Net interest income 9,797 8,722
Provision for loan losses 250 278
Net interest income after provision for loan losses 9,547 8,444
Noninterest income    
Service charges on deposit accounts 491 412
Net gains on sales of loans 325 536
Net gain (loss) on sales of securitites (12)  
Earnings on bank owned life insurance 132 130
Other 412 414
Total noninterest income 1,348 1,492
Noninterest expense    
Salaries and employee benefits 4,753 4,445
Occupancy and equipment 533 571
Data processing 1,054 897
Franchise and other taxes 318 214
Professional fees 956 1,217
Director fees 150 122
Postage, printing and supplies 198 233
Advertising and promotion 145 110
Telephone 119 112
Loan expenses 207 82
Foreclosed assets, net 137 328
Depreciation 211 232
FDIC premiums 421 384
Regulatory assessment 131 167
Other insurance 121 130
Other 157 213
Total noninterest expense 9,611 9,457
Income before income taxes 1,284 $ 479
Income tax expense (benefit) (3,193)
Net income 4,477 $ 479
Dividends on Series B preferred stock and accretion of discount (857) (421)
Earnings attributable to common stockholders $ 3,620 $ 58
Earnings per common share:    
Basic $ 0.23 $ 0.00
Diluted $ 0.20 $ 0.00