2015 Q1 Form 10-Q Financial Statement

#000136785915000011 Filed on February 09, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2013 Q4
Revenue $5.692M $5.960M $6.083M
YoY Change -3.1% -2.02% -4.51%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $290.0K $432.0K $266.0K
YoY Change 11.54% 62.41% 0.76%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.107M $1.119M $1.103M
YoY Change 6.24% 1.45% -21.72%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $938.0K $1.148M $475.0K
YoY Change 85.74% 141.68% 10.72%
Income Tax $342.0K $433.0K $172.0K
% Of Pretax Income 36.46% 37.72% 36.21%
Net Earnings $596.0K $715.0K $303.0K
YoY Change 85.67% 135.97% 16.54%
Net Earnings / Revenue 10.47% 12.0% 4.98%
Basic Earnings Per Share $0.11 $0.14 $0.06
Diluted Earnings Per Share $0.11 $0.14 $0.06
COMMON SHARES
Basic Shares Outstanding 5.194M shares 5.184M shares 5.154M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $35.88M $19.56M $15.79M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.105M $3.321M $4.526M
YoY Change -25.56% -26.62% -14.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.41M $12.89M $10.49M
YoY Change 14.67% 22.93% 69.61%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $569.7M $571.3M $552.2M
YoY Change 3.47% 3.45% 3.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.189M $4.360M $3.087M
YoY Change 35.39% 41.24% 20.68%
Total Long-Term Liabilities $4.189M $4.360M $3.087M
YoY Change 35.39% 41.24% 20.68%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $4.189M $4.360M $3.087M
Total Liabilities $510.6M $512.7M $498.1M
YoY Change 3.09% 2.92% 3.93%
SHAREHOLDERS EQUITY
Retained Earnings $4.941M $4.764M $2.776M
YoY Change 70.97% 71.61% 55.17%
Common Stock $54.77M $54.49M $54.17M
YoY Change 0.88% 0.59% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $59.17M $58.62M $54.12M
YoY Change
Total Liabilities & Shareholders Equity $569.7M $571.3M $552.2M
YoY Change 3.47% 3.45% 3.31%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income $596.0K $715.0K $303.0K
YoY Change 85.67% 135.97% 16.54%
Depreciation, Depletion And Amortization $290.0K $432.0K $266.0K
YoY Change 11.54% 62.41% 0.76%
Cash From Operating Activities $2.510M $346.0K $1.520M
YoY Change 80.58% -77.24% 232.6%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K $34.00K $284.0K
YoY Change 50.0% -88.03% 647.37%
Acquisitions
YoY Change
Other Investing Activities $16.09M $8.060M -$650.0K
YoY Change 178.37% -1340.0% -82.76%
Cash From Investing Activities $16.03M $7.975M -$929.0K
YoY Change 179.27% -958.45% -75.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.230M -$198.0K -$2.406M
YoY Change -26.16% -91.77% -144.55%
NET CHANGE
Cash From Operating Activities 2.510M $346.0K $1.520M
Cash From Investing Activities 16.03M $7.975M -$929.0K
Cash From Financing Activities -2.230M -$198.0K -$2.406M
Net Change In Cash 16.31M $8.123M -$1.815M
YoY Change 296.84% -547.55% -188.67%
FREE CASH FLOW
Cash From Operating Activities $2.510M $346.0K $1.520M
Capital Expenditures -$60.00K $34.00K $284.0K
Free Cash Flow $2.570M $312.0K $1.236M
YoY Change 79.72% -74.76% 194.99%

Facts In Submission

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579000 USD
CY2014Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
301000 USD
CY2014Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2014Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
508000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
368000 USD
CY2014Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
111000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
111000 USD
CY2014Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
397000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
257000 USD
CY2014Q3 us-gaap Deposits
Deposits
449767000 USD
CY2014Q4 us-gaap Deposits
Deposits
454404000 USD
CY2014Q3 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
454170000 USD
CY2014Q4 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
459103000 USD
CY2013Q4 us-gaap Depreciation
Depreciation
266000 USD
CY2014Q4 us-gaap Depreciation
Depreciation
432000 USD
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2013Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.362
CY2014Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.377
CY2013Q4 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.34
CY2014Q4 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.34
CY2013Q4 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.054
CY2014Q4 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.052
CY2013Q4 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.021
CY2014Q4 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.010
CY2013Q4 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
-0.010
CY2014Q4 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
-0.004
CY2014Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
1000 USD
CY2013Q4 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
105000 USD
CY2014Q4 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
104000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
58891000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
53891000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate After Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateAfterFiveYearsFromBalanceSheetDate
0.0187
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate After Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateAfterFiveYearsFromBalanceSheetDate
0.0187
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0067
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0067
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.0088
CY2014Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
467437000 USD
CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
457324000 USD
CY2014Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2929000 USD
CY2014Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
3380000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
12961000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
661000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
15000000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
15000000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.0088
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.0224
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.0224
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0157
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0157
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueAfterFiveYearsOfBalanceSheetDate
3730000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueAfterFiveYearsOfBalanceSheetDate
3730000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
16100000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
16100000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
6100000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
6100000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
12961000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
59331000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
54190000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
5515000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
5275000 USD
CY2013Q4 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
553000 USD
CY2014Q4 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
472000 USD
CY2013Q4 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
217000 USD
CY2014Q4 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
355000 USD
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
5774000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
5886000 USD
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
732000 USD
CY2014 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
100 Contract
CY2014Q4 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
92 Contract
CY2013Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
8618000 USD
CY2013Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
7526000 USD
CY2014Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
5581000 USD
CY2014Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
4859000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment1 To29 Days Past Due
FinancingReceivableRecordedInvestment1To29DaysPastDue
1222000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment1 To29 Days Past Due
FinancingReceivableRecordedInvestment1To29DaysPastDue
2370000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
289000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
1164000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
401000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
353000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
467615000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
456172000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
3155000 USD
CY2014 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
92000 USD
CY2014Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
8785000 USD
CY2014Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
9417000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
2751000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
4532000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
161000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
147000 USD
CY2014Q3 us-gaap Foreclosed Assets
ForeclosedAssets
1050000 USD
CY2014Q4 us-gaap Foreclosed Assets
ForeclosedAssets
1190000 USD
CY2013Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2014Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
2000 USD
CY2013Q4 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
-328000 USD
CY2014Q4 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
-7000 USD
CY2014Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
8808000 USD
CY2014Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
9508000 USD
CY2014 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9296000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7154000 USD
CY2014 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
273000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
37000 USD
CY2014Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7809000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
6498000 USD
CY2014Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
7809000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
6498000 USD
CY2014 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
5336000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
3999000 USD
CY2014 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
181000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
26000 USD
CY2014Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
4880000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
3118000 USD
CY2014Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
4880000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
3118000 USD
CY2014 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
3960000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
11000 USD
CY2014Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2929000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3380000 USD
CY2014Q3 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
2929000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
3380000 USD
CY2013Q4 us-gaap Impairment Of Investments
ImpairmentOfInvestments
-333000 USD
CY2014Q4 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
475000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1148000 USD
CY2014Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 USD
CY2014Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
172000 USD
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
433000 USD
CY2013Q4 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
162000 USD
CY2014Q4 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
390000 USD
CY2013Q4 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5000 USD
CY2014Q4 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5000 USD
CY2013Q4 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
25000 USD
CY2014Q4 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
59000 USD
CY2013Q4 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
10000 USD
CY2014Q4 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
11000 USD
CY2013Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
1000 USD
CY2014Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000 USD
CY2013Q4 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-8896000 USD
CY2014Q4 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
4637000 USD
CY2013Q4 us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
6500000 USD
CY2014Q4 us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
-5000000 USD
CY2013Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
326000 USD
CY2014Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1589000 USD
CY2013Q4 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
149000 USD
CY2014Q4 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
496000 USD
CY2013Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
364000 USD
CY2014Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
389000 USD
CY2013Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6083000 USD
CY2014Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5960000 USD
CY2013Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5722000 USD
CY2014Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5596000 USD
CY2013Q4 us-gaap Interest Expense
InterestExpense
1103000 USD
CY2014Q4 us-gaap Interest Expense
InterestExpense
1119000 USD
CY2013Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
155000 USD
CY2014Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
167000 USD
CY2013Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
948000 USD
CY2014Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
952000 USD
CY2013Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4380000 USD
CY2014Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4606000 USD
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4980000 USD
CY2014Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4841000 USD
CY2013Q4 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
361000 USD
CY2014Q4 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
364000 USD
CY2013Q4 us-gaap Interest Paid
InterestPaid
143000 USD
CY2014Q4 us-gaap Interest Paid
InterestPaid
167000 USD
CY2013Q4 us-gaap Interest Paid Net
InterestPaidNet
950000 USD
CY2014Q4 us-gaap Interest Paid Net
InterestPaidNet
950000 USD
CY2013Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2269000 USD
CY2014Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2175000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
512522000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
512655000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
569815000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
571276000 USD
CY2013Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6180000 USD
CY2014Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6506000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6547000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Consumer
LoansAndLeasesReceivableConsumer
36199000 USD
CY2014Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
470366000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
460704000 USD
CY2014Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
470366000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
460704000 USD
CY2014Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
479961000 USD
CY2014Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
469924000 USD
CY2014Q3 us-gaap Loans Receivable Net
LoansReceivableNet
463860000 USD
CY2014Q4 us-gaap Loans Receivable Net
LoansReceivableNet
454157000 USD
CY2013Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2406000 USD
CY2014Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-198000 USD
CY2013Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-929000 USD
CY2014Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8026000 USD
CY2013Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1520000 USD
CY2014Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
295000 USD
CY2013Q4 us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
1743000 USD
CY2014Q4 us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
-1000000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
303000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
715000 USD
CY2013Q4 us-gaap Noninterest Expense
NoninterestExpense
4781000 USD
CY2014Q4 us-gaap Noninterest Expense
NoninterestExpense
4492000 USD
CY2013Q4 us-gaap Noninterest Income
NoninterestIncome
876000 USD
CY2014Q4 us-gaap Noninterest Income
NoninterestIncome
1034000 USD
CY2013Q4 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
185000 USD
CY2014Q4 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
205000 USD
CY2013Q4 us-gaap Occupancy Net
OccupancyNet
635000 USD
CY2014Q4 us-gaap Occupancy Net
OccupancyNet
820000 USD
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11373000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12892000 USD
CY2013Q4 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-412000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 USD
CY2013Q4 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-383000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
418000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
697000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
418000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-2000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-1000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
279000 USD
CY2014Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
695000 USD
CY2013Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2014Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1000 USD
CY2014Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
278000 USD
CY2014Q3 us-gaap Other Interest Earning Assets
OtherInterestEarningAssets
245000 USD
CY2014Q4 us-gaap Other Interest Earning Assets
OtherInterestEarningAssets
1245000 USD
CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3864000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4360000 USD
CY2013Q4 us-gaap Other Noninterest Expense
OtherNoninterestExpense
719000 USD
CY2014Q4 us-gaap Other Noninterest Expense
OtherNoninterestExpense
317000 USD
CY2013Q4 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
4097000 USD
CY2014Q4 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-9162000 USD
CY2013Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10000 USD
CY2014Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
12000 USD
CY2013Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
421000 USD
CY2014Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
4191000 USD
CY2013Q4 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
0 USD
CY2014Q4 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
0 USD
CY2013Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
284000 USD
CY2014Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34000 USD
CY2013Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1854000 USD
CY2014Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1672000 USD
CY2013Q4 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2014Q4 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1965000 USD
CY2013Q4 us-gaap Proceeds From Sale Of Federal Reserve Stock
ProceedsFromSaleOfFederalReserveStock
0 USD
CY2014Q4 us-gaap Proceeds From Sale Of Federal Reserve Stock
ProceedsFromSaleOfFederalReserveStock
240000 USD
CY2013Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2014Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
177000 USD
CY2013Q4 us-gaap Professional Fees
ProfessionalFees
218000 USD
CY2014Q4 us-gaap Professional Fees
ProfessionalFees
319000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3725000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3321000 USD
CY2013Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
600000 USD
CY2014 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1910000 USD
CY2014Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
235000 USD
CY2013Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
600000 USD
CY2014Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
235000 USD
CY2013Q4 us-gaap Restricted Stock Expense
RestrictedStockExpense
12000 USD
CY2014Q4 us-gaap Restricted Stock Expense
RestrictedStockExpense
18000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4049000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4764000 USD
CY2013Q4 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
56500000 USD
CY2014Q4 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
53891000 USD
CY2014Q4 us-gaap Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
12000 USD
CY2014Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
177000 USD
CY2013Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
8000 USD
CY2014Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
12000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
57293000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
58621000 USD
CY2013Q4 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
CY2014Q4 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
1000 USD
CY2013Q4 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
773000 USD
CY2014Q4 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
306000 USD
CY2013Q4 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
381000 USD
CY2014Q4 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
256000 USD
CY2014Q4 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications &#8211;</font><font style="font-family:inherit;font-size:10pt;"> Certain items previously reported were reclassified for consistency with the current presentation.</font></div></div>
CY2014Q4 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates &#8211;</font><font style="font-family:inherit;font-size:10pt;"> Preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management&#8217;s best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, fair value of financial instruments, the allowance for loan losses, valuation of acquired intangible assets, useful lives for depreciation and amortization, indefinite-lived intangible assets and long-lived assets, deferred tax assets, uncertain income tax positions and contingencies. Management does not anticipate any material changes to estimates made herein in the near term. Factors that may cause sensitivity to the aforementioned estimates include but are not limited to external market factors such as market interest rates and unemployment rates, changes to operating policies and procedures, and changes in applicable banking regulations. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the consolidated financial statements in any individual reporting period.</font></div></div>

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