Note 17 - Segment Reporting
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
(17)
Segment Reporting
 
The Company’s
three
reportable segments represent distinct product lines and are viewed separately for strategic planning purposes and internal reporting. The
2014
totals include the receivable factoring results for
four
months, as NBC acquired its controlling interest in CBI on
August
29,
2014.
The following table is a reconciliation of the reportable segment revenues, expenses and profit to the Company’s consolidated totals.
 
 
 
  
Retail and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Commercial
    
Mortgage
    
Receivables
    
Elimination
  
 
 
 
 
 
  
Banking
    
Division (1)
    
Factoring
    
Entries (2)
    
Total
  
For the Twelve Months Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
   $
64,256
     
489
     
11,762
     
(1,944
 )    
74,563
 
Interest expense
    
7,181
     
200
     
1,944
     
(1,944
 )    
7,381
 
Net interest income
    
57,075
     
289
     
9,818
     
-
     
67,182
 
Provision for loan and lease losses
    
2,325
     
-
     
923
     
-
     
3,248
 
Noninterest income
    
5,848
     
8,039
     
69
     
-
     
13,956
 
Noninterest expense
    
37,280
     
6,604
     
5,195
     
-
     
49,079
 
Net earnings before tax and noncontrolling interest
    
23,318
     
1,724
     
3,769
     
-
     
28,811
 
Income tax expense
    
7,901
     
655
     
838
     
-
     
9,394
 
Noncontrolling interest
    
-
     
-
     
(1,564
 )    
-
     
(1,564
 )
Net earnings attributable to National Commerce Corporation
   $
15,417
     
1,069
     
1,367
     
-
     
17,853
 
                                         
Total assets as of December 31, 2016
 
$
1,903,602
 
 
 
15,373
 
 
 
105,812
 
 
 
(74,003
 )
 
 
1,950,784
 
                                         
For the Twelve Months Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
   $
44,072
     
385
     
12,400
     
(2,012
 )    
54,845
 
Interest expense
    
4,670
     
126
     
2,012
     
(2,012
 )    
4,796
 
Net interest income
    
39,402
     
259
     
10,388
     
-
     
50,049
 
Provision for loan and lease losses
    
1,158
     
-
     
(45
 )    
-
     
1,113
 
Noninterest income
    
2,340
     
6,070
     
49
     
-
     
8,459
 
Noninterest expense
    
29,741
     
5,278
     
5,226
     
-
     
40,245
 
Net earnings before tax and noncontrolling interest
    
10,843
     
1,051
     
5,256
     
-
     
17,150
 
Income tax expense
    
3,866
     
399
     
1,211
     
-
     
5,476
 
Noncontrolling interest
    
-
     
-
     
(2,069
 )    
-
     
(2,069
 )
Net earnings attributable to National Commerce Corporation
   $
6,977
     
652
     
1,976
     
-
     
9,605
 
                                         
Total assets as of December 31, 2015
 
$
1,718,807
 
 
 
15,020
 
 
 
90,464
 
 
 
(60,922
 )
 
 
1,763,369
 
                                         
For the Twelve Months Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
   $
27,144
     
410
     
4,345
     
(557
 )    
31,342
 
Interest expense
    
2,746
     
123
     
731
     
(731
 )    
2,869
 
Net interest income
    
24,398
     
287
     
3,614
     
174
     
28,473
 
Provision for loan and lease losses
    
174
     
-
     
804
     
-
     
978
 
Noninterest income
    
811
     
4,199
     
22
     
-
     
5,032
 
Noninterest expense
    
18,048
     
3,681
     
1,724
     
-
     
23,453
 
Net earnings before tax and noncontrolling interest
    
6,987
     
805
     
1,108
     
174
     
9,074
 
Income tax expense
    
2,627
     
306
     
226
     
-
     
3,159
 
Noncontrolling interest
    
-
     
-
     
(512
 )    
-
     
(512
 )
Net earnings attributable to National Commerce Corporation
   $
4,360
     
499
     
370
     
174
     
5,403
 
                                         
Total assets as of December 31, 2014
 
$
1,099,191
 
 
 
9,329
 
 
 
105,330
 
 
 
(75,424
 )
 
 
1,138,426
 
 
 
(1)
Noninterest income for the mortgage division segment includes intercompany income allocation.
 
(2)
Entry to remove intercompany interest allocated to the receivables factoring segment. For segment reporting purposes, we
allocate funding costs to the receivables factoring segment at the federal funds rate plus
2.50%.