| Assets and Liabilities and Operations of Discontinued Operations |
Assets and liabilities of discontinued operations at the dates indicated were as follows:
| | | | | | | | | | (Dollars in thousands) | | 2016 | | 2015 | ASSETS | | | | | Cash and cash equivalents: | |
|
| |
|
| Cash and due from banks | | $ | — |
| | $ | 2,245 |
| Total cash and cash equivalents | | — |
| | 2,245 |
| Premises and equipment | | — |
| | 618 |
| Accrued interest receivable and other assets | | — |
| | 2,154 |
| TOTAL ASSETS | | $ | — |
| | $ | 5,017 |
|
| | | | | LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | Accrued interest payable and other liabilities | | — |
| | 2,834 |
| Total liabilities | | — |
| | 2,834 |
|
| | | | | STOCKHOLDERS’ EQUITY | | | | | Retained earnings | | — |
| | 2,183 |
| Total stockholders’ equity | | — |
| | 2,183 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | | $ | — |
| | $ | 5,017 |
|
Net income (losses) from discontinued operations, net of tax, for the years ended December 31, 2016, 2015, and 2014, were as follows: | | | | | | | | | | | | | | (Dollars in thousands) | | 2016 | | 2015 | | 2014 | NONINTEREST INCOME | | | | | | | Insurance and investment services income | | $ | 1,887 |
| | $ | 4,733 |
| | $ | 3,523 |
| Gain on sale of subsidiary | | 6,926 |
| | — |
| | — |
| Other operating income | | 2 |
| | 6 |
| | — |
| Total noninterest income | | 8,815 |
| | 4,739 |
| | 3,523 |
| | | | | | | | NONINTEREST EXPENSES | |
|
| |
|
| |
|
| Salary and employee benefits | | 1,937 |
| | 3,603 |
| | 3,417 |
| Occupancy expense | | 124 |
| | 281 |
| | 245 |
| Equipment depreciation and maintenance | | 29 |
| | 57 |
| | 56 |
| Data processing and communications | | 79 |
| | 105 |
| | 97 |
| Marketing, contributions and sponsorships | | 7 |
| | 25 |
| | 26 |
| Professional fees | | 2 |
| | 23 |
| | 308 |
| Printing, postage and supplies | | 12 |
| | 19 |
| | 41 |
| Insurance, tax and assessment expense | | 58 |
| | 136 |
| | 96 |
| Travel, entertainment, dues and subscriptions | | 67 |
| | 119 |
| | 132 |
| Other operating expenses | | 154 |
| | 18 |
| | 25 |
| Total noninterest expense | | 2,469 |
| | 4,386 |
| | 4,443 |
| Income (loss) from discontinued operations, before income taxes | | 6,346 |
| | 353 |
| | (920 | ) | Income tax expense (benefit) - discontinued operations | | 2,411 |
| | 140 |
| | (344 | ) | Net Income (loss) from discontinued operations | | $ | 3,935 |
| | $ | 213 |
| | $ | (576 | ) |
|