Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Results for Reportable Segments

All intercompany transactions have been eliminated to determine the consolidated balances. The results for the two reportable segments of the Company are included in the tables below.

						All
	FUSB			ALC		Other			Eliminations			Consolidated
	(Dollars in Thousands)
For the three months ended June 30, 2015:
Net interest income	$	3,991		$	3,176	$	3		$	—		$	7,170
Provision (reduction in reserve) for loan losses		(445	)		490		—			—			45
Total non-interest income		861			235		1,093			(1,121	)		1,068
Total non-interest expense		4,386			2,477		386			(142	)		7,107
Income before income taxes		911			444		710			(979	)		1,086
Provision for income taxes		264			153		(105	)		—			312
Net income	$	647		$	291	$	815		$	(979	)	$	774
Other significant items:
Total assets	$	562,900		$	84,139	$	81,816		$	(168,205	)	$	560,650
Total investment securities		246,096			—		80			—			246,176
Total loans, net		237,357			79,971		—			(72,335	)		244,993
Investment in subsidiaries		5			—		76,488			(76,488	)		5
Fixed asset addition		639			87		—			—			726
Depreciation and amortization expense		155			61		—			—			216
Total interest income from external customers		3,640			4,095		—			—			7,735
Total interest income from affiliates		918			—		3			(921	)		—

For the six months ended June 30, 2015:
Net interest income	$	7,835		$	6,037	$	5		$	—		$	13,877
Provision (reduction in reserve) for loan losses		(970	)		849		—			—			(121	)
Total non-interest income		2,011			455		2,206			(2,313	)		2,359
Total non-interest expense		8,667			4,970		743			(296	)		14,084
Income before income taxes		2,149			673		1,468			(2,017	)		2,273
Provision for income taxes		635			239		(211	)		—			663
Net income	$	1,514		$	434	$	1,679		$	(2,017	)	$	1,610
Other significant items:
Fixed asset addition	$	1,610		$	249	$	—		$	—		$	1,859
Depreciation and amortization expense		308			120		—			—			428
Total interest income from external customers		7,217			7,838		1			—			15,056
Total interest income from affiliates		1,801			—		4			(1,805	)		—

						All
	FUSB			ALC		Other		Eliminations			Consolidated
	(Dollars in Thousands)
For the three months ended June 30, 2014:
Net interest income	$	4,101		$	3,197	$	2	$	—		$	7,300
Provision (reduction in reserve) for loan losses		(325	)		61		—		—			(264	)
Total non-interest income		1,286			286		1,425		(1,512	)		1,485
Total non-interest expense		4,767			2,443		193		(180	)		7,223
Income before income taxes		945			979		1,234		(1,332	)		1,826
Provision for income taxes		230			377		1		—			608
Net income	$	715		$	602	$	1,233	$	(1,332	)	$	1,218
Other significant items:
Total assets	$	572,377		$	71,303	$	79,408	$	(152,396	)	$	570,692
Total investment securities		209,865			—		80		—			209,945
Total loans, net		262,533			68,488		—		(58,935	)		272,086
Investment in subsidiaries		5			—		74,262		(74,262	)		5
Fixed asset addition		159			1		—		—			160
Depreciation and amortization expense		131			53		—		—			184
Total interest income from external customers		3,935			3,995		—		—			7,930
Total interest income from affiliates		799			—		2		(801	)		—

For the six months ended June 30, 2014:
Net interest income	$	8,188		$	6,308	$	5	$	—		$	14,501
Provision (reduction in reserve) for loan losses		(500	)		650		—		—			150
Total non-interest income		2,217			572		2,468		(2,625	)		2,632
Total non-interest expense		9,097			4,999		402		(391	)		14,107
Income before income taxes		1,808			1,231		2,071		(2,234	)		2,876
Provision for income taxes		406			476		2		—			884
Net income	$	1,402		$	755	$	2,069	$	(2,234	)	$	1,992
Other significant items:
Fixed asset addition	$	867		$	14	$	—	$	—		$	881
Depreciation and amortization expense		259			105		—		—			364
Total interest income from external customers		7,904			7,872		—		—			15,776
Total interest income from affiliates		1,564			—		4		(1,568	)		—