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Note 13 - Segment Reporting | 6 Months Ended
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Jun. 30, 2018
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
13. | SEGMENT REPORTING
Under ASC Topic 280, Segment Reporting , certain information is disclosed for the two reportable operating segments of Bancshares: the Bank and ALC. The reportable segments were determined using the internal management reporting system. These segments comprise Bancshares’ and the Bank’s significant subsidiaries. The accounting policies for each segment are the same as those described in Note 2, “Summary of Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10 -K as of and for the year ended December 31, 2017. The segment results include certain overhead allocations and intercompany transactions that were recorded at current market prices. 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 |  |  |  |  |  |  |  |  |
|  | Bank |  |  | ALC |  |  | Other |  |  | Eliminations |  |  | Consolidated |
|  | (Dollars in Thousands) |
As of and for the three months ended June 30 , 2018 : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 4,244 |  |  | $ | 3,254 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 7,502 |
Provision for loan losses |  |  | — |  |  |  | 702 |  |  |  | — |  |  |  | — |  |  |  | 702 |
Total non-interest income |  |  | 948 |  |  |  | 272 |  |  |  | 684 |  |  |  | (772 | ) |  |  | 1,132 |
Total non-interest expense |  |  | 4,888 |  |  |  | 2,426 |  |  |  | 365 |  |  |  | (187 | ) |  |  | 7,492 |
Income before income taxes |  |  | 304 |  |  |  | 398 |  |  |  | 323 |  |  |  | (585 | ) |  |  | 440 |
Provision for income taxes |  |  | 60 |  |  |  | 82 |  |  |  | (61 | ) |  |  | — |  |  |  | 81 |
Net income |  | $ | 244 |  |  | $ | 316 |  |  | $ | 384 |  |  | $ | (585 | ) |  | $ | 359 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 636,623 |  |  | $ | 103,624 |  |  | $ | 81,132 |  |  | $ | (187,343 | ) |  | $ | 634,036 |
Total investment securities |  |  | 165,660 |  |  |  | — |  |  |  | 80 |  |  |  | — |  |  |  | 165,740 |
Total loans, net |  |  | 345,673 |  |  |  | 100,792 |  |  |  | — |  |  |  | (90,936 | ) |  |  | 355,529 |
Investment in subsidiaries |  |  | 5 |  |  |  | — |  |  |  | 75,241 |  |  |  | (75,241 | ) |  |  | 5 |
Fixed asset additions |  |  | 439 |  |  |  | 55 |  |  |  | — |  |  |  | — |  |  |  | 494 |
Depreciation and amortization expense |  |  | 321 |  |  |  | 32 |  |  |  | — |  |  |  | — |  |  |  | 353 |
Total interest income from external customers |  |  | 3,983 |  |  |  | 4,407 |  |  |  | — |  |  |  | — |  |  |  | 8,390 |
Total interest income from affiliates |  |  | 1,154 |  |  |  | — |  |  |  | 4 |  |  |  | (1,158 | ) |  |  | — |
For the six months ended June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 8,361 |  |  | $ | 6,447 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 14,816 |
Provision for loan losses |  |  | 39 |  |  |  | 1,321 |  |  |  | — |  |  |  | — |  |  |  | 1,360 |
Total non-interest income |  |  | 1,815 |  |  |  | 528 |  |  |  | 1,537 |  |  |  | (1,608 | ) |  |  | 2,272 |
Total non-interest expense |  |  | 9,419 |  |  |  | 4,950 |  |  |  | 812 |  |  |  | (388 | ) |  |  | 14,793 |
Income before income taxes |  |  | 718 |  |  |  | 704 |  |  |  | 733 |  |  |  | (1,220 | ) |  |  | 935 |
Provision for income taxes |  |  | 130 |  |  |  | 152 |  |  |  | (120 | ) |  |  | — |  |  |  | 162 |
Net income |  | $ | 588 |  |  | $ | 552 |  |  | $ | 853 |  |  | $ | (1,220 | ) |  | $ | 773 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed asset additions |  |  | 658 |  |  |  | 57 |  |  |  | — |  |  |  | — |  |  |  | 715 |
Depreciation and amortization expense |  |  | 639 |  |  |  | 65 |  |  |  | — |  |  |  | — |  |  |  | 704 |
Total interest income from external customers |  |  | 7,820 |  |  |  | 8,689 |  |  |  | — |  |  |  | — |  |  |  | 16,509 |
Total interest income from affiliates |  |  | 2,243 |  |  |  | — |  |  |  | 8 |  |  |  | (2,251 | ) |  |  | — |
|  |  |  |  |  |  |  |  |  | All |  |  |  |  |  |  |  |  |
|  | Bank |  |  | ALC |  |  | Other |  |  | Eliminations |  |  | Consolidated |
|  | (Dollars in Thousands) |
As of and for the three months ended June 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 4,066 |  |  | $ | 2,988 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 7,057 |
Provision (reduction in reserve) for loan losses |  |  | — |  |  |  | 576 |  |  |  | — |  |  |  | — |  |  |  | 576 |
Total non-interest income |  |  | 806 |  |  |  | 237 |  |  |  | 647 |  |  |  | (760 | ) |  |  | 930 |
Total non-interest expense |  |  | 4,422 |  |  |  | 2,286 |  |  |  | 310 |  |  |  | (155 | ) |  |  | 6,863 |
Income before income taxes |  |  | 450 |  |  |  | 363 |  |  |  | 340 |  |  |  | (605 | ) |  |  | 548 |
Provision for income taxes |  |  | 103 |  |  |  | 126 |  |  |  | (97 | ) |  |  | — |  |  |  | 132 |
Net income |  | $ | 347 |  |  | $ | 237 |  |  | $ | 437 |  |  | $ | (605 | ) |  | $ | 416 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 618,431 |  |  | $ | 91,629 |  |  | $ | 83,655 |  |  | $ | (177,497 | ) |  | $ | 616,218 |
Total investment securities |  |  | 200,751 |  |  |  | — |  |  |  | 80 |  |  |  | — |  |  |  | 200,831 |
Total loans, net |  |  | 321,797 |  |  |  | 88,049 |  |  |  | — |  |  |  | (79,320 | ) |  |  | 330,526 |
Investment in subsidiaries |  |  | 5 |  |  |  | — |  |  |  | 78,036 |  |  |  | (78,036 | ) |  |  | 5 |
Fixed asset additions |  |  | 3,735 |  |  |  | 28 |  |  |  | — |  |  |  | — |  |  |  | 3,763 |
Depreciation and amortization expense |  |  | 218 |  |  |  | 42 |  |  |  | — |  |  |  | — |  |  |  | 260 |
Total interest income from external customers |  |  | 3,506 |  |  |  | 4,177 |  |  |  | — |  |  |  | — |  |  |  | 7,683 |
Total interest income from affiliates |  |  | 1,189 |  |  |  | — |  |  |  | 3 |  |  |  | (1,192 | ) |  |  | — |
For the six months ended June 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 7,977 |  |  | $ | 5,993 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 13,976 |
Provision (reduction in reserve) for loan losses |  |  | — |  |  |  | 1,091 |  |  |  | — |  |  |  | — |  |  |  | 1,091 |
Total non-interest income |  |  | 1,642 |  |  |  | 480 |  |  |  | 1,498 |  |  |  | (1,523 | ) |  |  | 2,097 |
Total non-interest expense |  |  | 8,823 |  |  |  | 4,662 |  |  |  | 739 |  |  |  | (324 | ) |  |  | 13,900 |
Income before income taxes |  |  | 796 |  |  |  | 720 |  |  |  | 765 |  |  |  | (1,199 | ) |  |  | 1,082 |
Provision for income taxes |  |  | 201 |  |  |  | 256 |  |  |  | (195 | ) |  |  | — |  |  |  | 262 |
Net income |  | $ | 595 |  |  | $ | 464 |  |  | $ | 960 |  |  | $ | (1,199 | ) |  | $ | 820 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed asset additions |  |  | 7,760 |  |  |  | 90 |  |  |  | — |  |  |  | — |  |  |  | 7,850 |
Depreciation and amortization expense |  |  | 419 |  |  |  | 83 |  |  |  | — |  |  |  | — |  |  |  | 502 |
Total interest income from external customers |  |  | 6,897 |  |  |  | 8,296 |  |  |  | — |  |  |  | — |  |  |  | 15,193 |
Total interest income from affiliates |  |  | 2,302 |  |  |  | — |  |  |  | 6 |  |  |  | (2,308 | ) |  |  | — |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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