Unaudited Consolidated Statements of Earnings - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
| Interest and dividend income: |
|
|
|
|
| Interest and fees on loans |
$ 12,226
|
$ 6,053
|
$ 24,018
|
$ 11,839
|
| Interest and dividends on taxable investment securities |
269
|
310
|
525
|
627
|
| Interest on non-taxable investment securities |
114
|
42
|
156
|
84
|
| Interest on interest-bearing deposits and federal funds sold |
105
|
44
|
208
|
107
|
| Total interest income |
12,714
|
6,449
|
24,907
|
12,657
|
| Interest expense: |
|
|
|
|
| Interest on deposits |
961
|
524
|
1,879
|
1,074
|
| Interest on borrowings |
110
|
110
|
219
|
219
|
| Total interest expense |
1,071
|
634
|
2,098
|
1,293
|
| Net interest income |
11,643
|
5,815
|
22,809
|
11,364
|
| Provision for loan losses |
120
|
|
281
|
|
| Net interest income after provision for loan losses |
11,523
|
5,815
|
22,528
|
11,364
|
| Other income: |
|
|
|
|
| Service charges and fees on deposit accounts |
308
|
172
|
575
|
338
|
| Mortgage origination and fee income |
1,505
|
1,048
|
2,776
|
1,753
|
| Merchant sponsorship revenue |
191
|
|
191
|
|
| Income from bank owned life insurance |
86
|
60
|
165
|
120
|
| Wealth management fees |
13
|
15
|
32
|
29
|
| (Loss) gain on other real estate |
(11)
|
|
(24)
|
5
|
| (Loss) gain on sale of investment securities available-for-sale |
0
|
0
|
0
|
0
|
| Other |
114
|
31
|
255
|
48
|
| Total other income |
2,206
|
1,326
|
3,970
|
2,293
|
| Other expense: |
|
|
|
|
| Salaries and employee benefits |
5,114
|
3,119
|
10,101
|
6,115
|
| Commission-based compensation |
1,056
|
471
|
1,852
|
777
|
| Occupancy and equipment |
829
|
459
|
1,665
|
895
|
| Other |
2,506
|
1,386
|
5,066
|
2,529
|
| Total other expense |
9,616
|
5,435
|
18,906
|
10,316
|
| Earnings before income taxes |
4,113
|
1,706
|
7,592
|
3,341
|
| Income tax expense |
1,264
|
568
|
2,356
|
1,160
|
| Net earnings |
2,849
|
1,138
|
5,236
|
2,181
|
| Less: Net earnings attributable to noncontrolling interest |
593
|
|
1,059
|
|
| Net earnings attributable to National Commerce Corporation |
$ 2,256
|
$ 1,138
|
$ 4,177
|
$ 2,181
|
| Basic earnings per common share |
$ 0.24
|
$ 0.20
|
$ 0.49
|
$ 0.38
|
| Diluted earnings per common share |
$ 0.24
|
$ 0.20
|
$ 0.48
|
$ 0.38
|
| Core Deposits [Member] |
|
|
|
|
| Other expense: |
|
|
|
|
| Core deposit intangible amortization |
$ 111
|
|
$ 222
|
|