Consolidated Statements of Operations - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Interest income |
|
|
|
|
| Loans |
$ 4,135
|
$ 4,013
|
$ 12,086
|
$ 11,583
|
| Investment securities |
178
|
72
|
506
|
261
|
| Federal funds sold |
67
|
19
|
111
|
46
|
| Total interest income |
4,380
|
4,104
|
12,703
|
11,890
|
| Interest expense |
|
|
|
|
| Deposits |
615
|
590
|
1,770
|
1,784
|
| Borrowed funds |
73
|
70
|
227
|
174
|
| Total interest expense |
688
|
660
|
1,997
|
1,958
|
| Net interest income |
3,692
|
3,444
|
10,706
|
9,932
|
| Provision for loan losses |
0
|
0
|
0
|
0
|
| Net interest income after provision for loan losses |
3,692
|
3,444
|
10,706
|
9,932
|
| Noninterest income |
|
|
|
|
| Service charges and fees |
591
|
673
|
1,785
|
1,858
|
| Gain on sale of loans |
1,395
|
2,043
|
4,195
|
4,630
|
| Gain on sale of asset held for sale |
0
|
0
|
0
|
504
|
| Gain (loss) on sale of investment securities |
0
|
15
|
(9)
|
162
|
| Rental income |
0
|
0
|
0
|
582
|
| Other |
92
|
114
|
270
|
292
|
| Total noninterest income |
2,078
|
2,845
|
6,241
|
8,028
|
| Noninterest expense |
|
|
|
|
| Salaries and benefits |
2,985
|
3,045
|
9,042
|
8,463
|
| Commissions |
431
|
533
|
1,180
|
1,163
|
| Occupancy |
269
|
324
|
821
|
1,188
|
| Equipment |
193
|
197
|
553
|
573
|
| Write down of assets held for sale |
0
|
0
|
0
|
220
|
| Cease use lease obligation |
0
|
0
|
(125)
|
0
|
| Supplies |
55
|
81
|
173
|
232
|
| Professional and outside services |
742
|
743
|
2,254
|
2,220
|
| Advertising and marketing |
134
|
76
|
274
|
239
|
| Foreclosed assets, net |
11
|
79
|
(151)
|
250
|
| FDIC insurance premium |
69
|
90
|
207
|
287
|
| Other operating expense |
502
|
541
|
1,460
|
1,484
|
| Total noninterest expense |
5,391
|
5,709
|
15,688
|
16,319
|
| Income before income tax expense |
379
|
580
|
1,259
|
1,641
|
| Income tax expense (benefit) |
106
|
(11,352)
|
333
|
(11,352)
|
| Net income |
273
|
11,932
|
926
|
12,993
|
| Preferred stock dividends and amortization of discount |
(113)
|
(186)
|
(385)
|
(547)
|
| Net income available to common shareholders |
$ 160
|
$ 11,746
|
$ 541
|
$ 12,446
|
| Earnings per share, basic |
$ 0.11
|
$ 8.21
|
$ 0.38
|
$ 8.74
|
| Earnings per share, diluted |
$ 0.11
|
$ 8.21
|
$ 0.38
|
$ 8.74
|