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Summary of Quarterly Consolidated Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Quarterly Consolidated Financial Data [Abstract]  
Quarterly Condensed Financials

The following table presents summarized quarterly financial data for 2015 and 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

2015 Quarter Ended

 

March 31

 

June 30

 

September 30

 

December 31

Interest Income

$

8,158 

 

$

9,644 

 

$

9,339 

 

$

9,349 

Interest Expense

 

1,120 

 

 

1,158 

 

 

1,150 

 

 

1,179 

Net Interest Income

 

7,038 

 

 

8,486 

 

 

8,189 

 

 

8,170 

Provision for Loan and Lease Losses

 

300 

 

 

300 

 

 

265 

 

 

200 

Net Interest Income After Provision for Loan Losses

 

6,738 

 

 

8,186 

 

 

7,924 

 

 

7,970 

Noninterest Income

 

949 

 

 

1,093 

 

 

1,085 

 

 

960 

Gain on sale / call of securities

 

 

 

 

 

 

 

 

 

 

 

Noninterest Expense

 

6,640 

 

 

6,642 

 

 

6,569 

 

 

6,882 

Income Before Provision for Income Taxes

 

1,047 

 

 

2,637 

 

 

2,440 

 

 

2,048 

Provision for Income Taxes

 

84 

 

 

593 

 

 

546 

 

 

421 

Net Income

 

963 

 

 

2,044 

 

 

1,894 

 

 

1,627 

Series B Preferred Stock Dividends and Redemption Premium

 

87 

 

 

88 

 

 

88 

 

 

210 

Series C Preferred Stock Dividends

 

 -

 

 

 

 

 

 

Net Income Available to Common Shareholders

$

876 

 

$

1,952 

 

$

1,802 

 

$

1,408 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

   Basic Earnings Per Share

$

0.23 

 

$

0.46 

 

$

0.43 

 

$

0.35 

   Diluted Earnings Per Share

 

0.23 

 

 

0.46 

 

 

0.43 

 

 

0.35 

   Cash Dividends

 

0.10 

 

 

0.10 

 

 

0.12 

 

 

0.12 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

2014 Quarter Ended

 

March 31

 

June 30

 

September 30

 

December 31

Interest Income

$

7,380 

 

$

7,870 

 

$

7,633 

 

$

7,744 

Interest Expense

 

1,108 

 

 

1,119 

 

 

1,089 

 

 

1,111 

Net Interest Income

 

6,272 

 

 

6,751 

 

 

6,544 

 

 

6,633 

Provision for Loan and Lease Losses

 

547 

 

 

275 

 

 

395 

 

 

400 

Net Interest Income After Provision for Loan Losses

 

5,725 

 

 

6,476 

 

 

6,149 

 

 

6,233 

Noninterest Income

 

894 

 

 

774 

 

 

741 

 

 

839 

Gain on sale / call of securities

 

 

 

 

 

 

 

 

 

 

 

Noninterest Expense

 

4,738 

 

 

5,068 

 

 

4,929 

 

 

5,933 

Income Before Provision for Income Taxes

 

1,881 

 

 

2,182 

 

 

1,961 

 

 

1,139 

Provision for Income Taxes

 

370 

 

 

475 

 

 

366 

 

 

251 

Net Income

 

1,511 

 

 

1,707 

 

 

1,595 

 

 

888 

Preferred Stock Dividends and Discount Accretion

 

87 

 

 

88 

 

 

88 

 

 

87 

Net Income Available to Common Shareholders

$

1,424 

 

$

1,619 

 

$

1,507 

 

$

801 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

   Basic Earnings Per Share

$

0.41 

 

$

0.46 

 

$

0.43 

 

$

0.23 

   Diluted Earnings Per Share

 

0.41 

 

 

0.46 

 

 

0.43 

 

 

0.23 

   Cash Dividends

 

0.05 

 

 

0.10 

 

 

0.10 

 

 

0.20