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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operation

 

(dollars in thousands, except per share data)

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Year Ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total interest income

$

6,957

 

 

$

7,407

 

 

$

8,182

 

 

$

8,822

 

Total interest expense

 

1,090

 

 

 

1,158

 

 

 

1,182

 

 

 

1,245

 

Net interest income

 

5,867

 

 

 

6,249

 

 

 

7,000

 

 

 

7,577

 

Provision for loan losses

 

245

 

 

 

448

 

 

 

505

 

 

 

430

 

Net interest income after provision for loan losses

 

5,622

 

 

 

5,801

 

 

 

6,495

 

 

 

7,147

 

Noninterest income

 

1,066

 

 

 

1,509

 

 

 

1,959

 

 

 

1,325

 

Noninterest expense

 

5,385

 

 

 

5,729

 

 

 

6,313

 

 

 

6,955

 

Income before income taxes

 

1,303

 

 

 

1,581

 

 

 

2,141

 

 

 

1,517

 

Income tax expense (benefit)

 

424

 

 

 

514

 

 

 

699

 

 

 

(491

)

Net income

$

879

 

 

$

1,067

 

 

$

1,442

 

 

$

2,008

 

Earnings per common share - basic

$

0.23

 

 

$

0.27

 

 

$

0.20

 

 

$

0.28

 

Earnings per common share - diluted

$

0.21

 

 

$

0.26

 

 

$

0.20

 

 

$

0.27

 

 

(dollars in thousands, except per share data)

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Year Ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total interest income

$

4,083

 

 

$

5,553

 

 

$

6,231

 

 

$

6,605

 

Total interest expense

 

691

 

 

 

836

 

 

 

932

 

 

 

1,002

 

Net interest income

 

3,392

 

 

 

4,717

 

 

 

5,299

 

 

 

5,603

 

Provision for loan losses

 

89

 

 

 

143

 

 

 

108

 

 

 

686

 

Net interest income after provision for loan losses

 

3,303

 

 

 

4,574

 

 

 

5,191

 

 

 

4,917

 

Noninterest income

 

1,170

 

 

 

2,193

 

 

 

1,023

 

 

 

969

 

Noninterest expense

 

3,574

 

 

 

4,615

 

 

 

5,218

 

 

 

5,618

 

Income before income taxes

 

899

 

 

 

2,152

 

 

 

996

 

 

 

268

 

Income tax expense

 

281

 

 

 

455

 

 

 

322

 

 

 

90

 

Net income

$

618

 

 

$

1,697

 

 

$

674

 

 

$

178

 

Earnings per common share - basic

$

0.19

 

 

$

0.47

 

 

$

0.17

 

 

$

0.05

 

Earnings per common share - diluted

$

0.18

 

 

$

0.44

 

 

$

0.16

 

 

$

0.04