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Consolidated Statements of Income - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2014
Dec. 31, 2015
Jun. 30, 2014
Interest and Dividend Income:      
Interest and fees on loans $ 7,562 $ 17,332 $ 12,985
Securities available-for-sale 2,026 3,058 4,285
Federal Home Loan Bank and Federal Reserve Bank dividends 19 67  
Trust preferred securities 1 3 3
Interest on deposits in banks 1 1 4
Other interest income 1 5 4
Total interest and dividend income 9,609 20,466 17,281
INTEREST EXPENSE:      
Deposits 677 1,457 1,294
Federal Home Loan Bank advances and other borrowings 310 550 664
Subordinated debentures 43 448 87
Total interest expense 1,030 2,455 2,045
Net interest income 8,579 18,011 15,236
Loan loss provision 515 1,303 608
Net interest income after loan loss provision 8,064 16,708 14,628
NONINTEREST INCOME:      
Service charges on deposit accounts 538 1,009 1,022
Net gain on sale of loans (includes $1,907 for CY 201 six months ended December 31, 2014 and $582 for FY 2014 r to accumulated other comprehensive earnings reclassification) 2,864 6,672 4,586
Mortgage loan service fees 767 1,718 1,372
Wealth management income 290 625 527
Interchange and ATM fees 287 580 556
Appreciation in cash surrender value of life insurance 208 426 405
Net gain on sale of available-for-sale securities (in for CY 2015, $335 for six months ended December 31, 2014 $1,073 for FY 2014 related to accumulated other compr earnings reclassification) 335 234 1,073
Net loss on fair value hedge (364) (93) (63)
Net loss on sale of real estate owned and other repossessed property (1) (13) (50)
Other noninterest income 168 603 613
Total noninterest income 5,092 11,761 10,041
NONINTEREST EXPENSE:      
Salaries and employee benefits 6,274 14,350 12,822
Occupancy and equipment expense 1,426 2,988 2,774
Data processing 1,082 2,259 1,870
Advertising 408 800 816
Amortization of mortgage servicing rights 328 799 630
Amortization of core deposit intangible and tax credits 208 432 427
Federal insurance premiums 174 332 271
Postage 95 181 175
Legal, accounting and examination fees 469 520 555
Consulting fees 351 576 537
Write-down on real estate owned and other repossessed property     10
Other noninterest expense 1,164 2,489 2,021
Total noninterest expense 11,979 25,726 22,908
INCOME BEFORE INCOME TAXES 1,177 2,743 1,761
Income tax provision (benefit) (includes $321 for CY 2015, $1,405 for six months ended December 31, 2014 and $744 for FY 2014 related to income tax expense from reclassification items) (465) 163 (350)
NET INCOME $ 1,642 $ 2,580 $ 2,111
Basic earnings per share $ 0.42 $ 0.68 $ 0.54
Diluted earnings per share $ 0.42 $ 0.67 $ 0.53