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Note 25 - Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

25.     Quarterly Financial Data (Unaudited)


The following tables summarize selected quarterly financial data for the periods indicated (in thousands, except per share data).


   

For the year ended December 31, 2013

 
   

First

quarter

   

Second

quarter

   

Third

quarter

   

Fourth

quarter

   

Total

 

Interest income

  $ 10,864     $ 10,728     $ 10,523     $ 10,423     $ 42,538  

Interest expense

    895       503       475       387       2,260  

Net interest income

    9,969       10,225       10,048       10,036       40,278  
                                         

Provision for loan losses

    350       670       645       1,800       3,465  

Net interest income after provision for loan losses

    9,619       9,555       9,403       8,236       36,813  
                                         

Investment securities gains (losses), net

    -       331       (44 )     23       310  

Other noninterest income

    3,745       3,906       3,323       3,552       14,526  

Noninterest expense

    10,375       11,911       9,835       10,212       42,333  

Net income before provision (benefit) for income taxes

    2,989       1,881       2,847       1,599       9,316  
                                         

Provision (benefit) for income taxes

    813       382       (19,386 )     (224 )     (18,415 )
                                         

Net income

  $ 2,176     $ 1,499     $ 22,233     $ 1,823     $ 27,731  
                                         

Common and per share data

                                       

Net income - basic

  $ 0.17     $ 0.12     $ 1.74     $ 0.14     $ 2.17  

Net income - diluted

    0.17       0.12       1.74       0.14       2.17  

   

For the year ended December 31, 2012

 
   

First

quarter

   

Second

quarter

   

Third

quarter

   

Fourth

quarter

   

Total

 

Interest income

  $ 12,025     $ 11,422     $ 11,076     $ 10,867     $ 45,390  

Interest expense

    1,394       1,339       1,227       1,178       5,138  

Net interest income

    10,631       10,083       9,849       9,689       40,252  
                                         

Provision for loan losses

    2,700       8,450       600       1,325       13,075  

Net interest income after provision for loan losses

    7,931       1,633       9,249       8,364       27,177  
                                         

Investment secuities gains, net

    -       9,859       -       635       10,494  

Other noninterest income

    3,930       4,104       4,335       4,167       16,536  

Noninterest expense

    11,931       19,234       10,858       11,327       53,350  

Net income (loss) before provision (benefit) for income taxes

    (70 )     (3,638 )     2,726       1,839       857  
                                         

Provision (benefit) for income taxes

    517       3,511       (436 )     (871 )     2,721  
                                         

Net income (loss)

  $ (587 )   $ (7,149 )   $ 3,162     $ 2,710     $ (1,864 )
                                         

Common and per share data

                                       

Net income (loss) - basic

  $ (0.05 )   $ (0.57 )   $ 0.25     $ 0.21     $ (0.15 )

Net income (loss) - diluted

    (0.05 )     (0.57 )     0.25       0.21       (0.15 )

Earnings per share disclosures for the three months ended September 30, 2013 were adjusted from those reported in the Quarterly Report for the three months ended September 30, 2013 as filed with the U.S. Securities and Exchange Commission (the “SEC”) to reflect the application of the two-class method as disclosed in Note 1, Summary of Significant Accounting Policies. The application of the two-class method reduced previously reported net income per basic and diluted share for the three months ended September 30, 2013 by $0.02 and $0.01, respectively.