Consolidated Statements of Operations - USD ($) $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Interest income |
|
|
|
| Loans |
$ 15,563
|
$ 14,833
|
$ 15,309
|
| Investment securities |
355
|
616
|
1,182
|
| Federal funds sold |
71
|
55
|
87
|
| Total interest income |
15,989
|
15,504
|
16,578
|
| Interest expense |
|
|
|
| Deposits |
2,367
|
2,481
|
3,006
|
| Borrowed funds |
242
|
386
|
554
|
| Total interest expense |
2,609
|
2,867
|
3,560
|
| Net interest income |
13,380
|
12,637
|
13,018
|
| (Recovery of) provision for loan losses |
0
|
(2,000)
|
100
|
| Net interest income after (recovery of) provision for loan losses |
13,380
|
14,637
|
12,918
|
| Noninterest income |
|
|
|
| Service charges and fees |
2,459
|
2,520
|
2,245
|
| Gain on sale of loans |
6,430
|
6,076
|
4,449
|
| Gain on sale of asset held for sale |
504
|
0
|
0
|
| Gain (loss) on sale of investment securities |
162
|
6
|
(210)
|
| Rental income |
582
|
1,105
|
965
|
| Other |
713
|
351
|
440
|
| Total noninterest income |
10,850
|
10,058
|
7,889
|
| Noninterest expense |
|
|
|
| Salaries and benefits |
11,295
|
10,846
|
10,685
|
| Commissions |
1,606
|
1,555
|
1,165
|
| Occupancy |
1,470
|
1,730
|
1,690
|
| Equipment |
762
|
765
|
708
|
| Write down of assets held for sale |
220
|
2,649
|
0
|
| Cease use lease obligation |
252
|
0
|
0
|
| Supplies |
265
|
278
|
344
|
| Professional and outside services |
2,999
|
2,930
|
2,550
|
| Advertising and marketing |
355
|
325
|
321
|
| Foreclosed assets, net |
393
|
153
|
1,244
|
| FDIC insurance premium |
292
|
916
|
968
|
| Other operating expense |
1,980
|
1,902
|
2,169
|
| Total noninterest expense |
21,889
|
24,049
|
21,844
|
| Income (loss) before income tax benefit |
2,341
|
646
|
(1,037)
|
| Income tax benefit |
(11,172)
|
0
|
0
|
| Net income (loss) |
13,513
|
646
|
(1,037)
|
| Preferred stock dividends and amortization of discount |
(737)
|
(674)
|
(1,436)
|
| Preferred stock principal forgiveness |
0
|
4,404
|
0
|
| Preferred stock dividend forgiveness |
|
2,215
|
0
|
| Net income (loss) available to common shareholders |
$ 12,776
|
$ 6,591
|
$ (2,473)
|
| Earnings (loss) per share, basic (in dollars per share) |
$ 8.99
|
$ 5.65
|
$ (7.39)
|
| Earnings (loss) per share, diluted (in dollars per share) |
$ 8.99
|
$ 5.49
|
$ (7.39)
|