$PMHG
Prime Meridian Holding Co

2015 Q2 Form 10-Q Financial Statement

#000119312515287537 Filed on August 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $2.284M $1.940M
YoY Change 17.73% 10.98%
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 $110.0K $90.00K
YoY Change 22.22% 12.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $174.0K $164.0K
YoY Change 6.1% -6.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $582.0K -$167.0K
YoY Change -448.5% -139.95%
Income Tax $206.0K -$76.00K
% Of Pretax Income 35.4%
Net Earnings $376.0K -$91.00K
YoY Change -513.19% -133.7%
Net Earnings / Revenue 16.46% -4.69%
Basic Earnings Per Share $0.19 -$0.05
Diluted Earnings Per Share $0.19 -$0.05
COMMON SHARES
Basic Shares Outstanding 1.944M shares 1.692M shares
Diluted Shares Outstanding 1.948M shares 1.692M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $7.665M $22.99M
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 $3.627M $3.678M
YoY Change -1.39% 8.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $400.0K $300.0K
YoY Change 33.33% 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $229.3M $206.3M
YoY Change 11.16% 11.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $2.700M
YoY Change -100.0% -53.45%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.700M
YoY Change -53.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.300M $1.500M
YoY Change -13.33% 87.5%
Total Long-Term Liabilities $1.300M $1.500M
YoY Change -13.33% 87.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.700M
Total Long-Term Liabilities $1.300M $1.500M
Total Liabilities $205.6M $186.1M
YoY Change 10.5% 10.48%
SHAREHOLDERS EQUITY
Retained Earnings $3.563M $1.897M
YoY Change 87.82%
Common Stock $20.11M $18.00K
YoY Change 111622.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.71M $20.23M
YoY Change
Total Liabilities & Shareholders Equity $229.3M $206.3M
YoY Change 11.16% 11.99%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $376.0K -$91.00K
YoY Change -513.19% -133.7%
Depreciation, Depletion And Amortization $110.0K $90.00K
YoY Change 22.22% 12.5%
Cash From Operating Activities -$1.070M -$1.050M
YoY Change 1.9% -236.36%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$30.00K
YoY Change 100.0% -57.14%
Acquisitions
YoY Change
Other Investing Activities -$17.34M -$5.850M
YoY Change 196.41% -0.51%
Cash From Investing Activities -$17.41M -$5.870M
YoY Change 196.59% -1.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.790M -7.740M
YoY Change -213.57% -253.57%
NET CHANGE
Cash From Operating Activities -1.070M -1.050M
Cash From Investing Activities -17.41M -5.870M
Cash From Financing Activities 8.790M -7.740M
Net Change In Cash -9.690M -14.66M
YoY Change -33.9% 10371.43%
FREE CASH FLOW
Cash From Operating Activities -$1.070M -$1.050M
Capital Expenditures -$60.00K -$30.00K
Free Cash Flow -$1.010M -$1.020M
YoY Change -0.98% -221.43%

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7555000
CY2014Q4 us-gaap Federal Funds Sold
FederalFundsSold
3611000
CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
18000
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
42310000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-354000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1624218 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10297 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1613921 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
20000
us-gaap Payments To Acquire Property Plant And Equipment
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115000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
54000
us-gaap Net Income Loss
NetIncomeLoss
165000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
641000
us-gaap Net Income Loss Available To Common Stockholders Basic
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165000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-18000
us-gaap Interest Paid
InterestPaid
336000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3335000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
0
us-gaap Interest Income Expense Net
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3491000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3284000
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
44000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
3704000
us-gaap Bank Owned Life Insurance Income
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26000
us-gaap Increase Decrease In Other Operating Assets
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-45000
us-gaap Gain Loss On Sale Of Securities Net
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0
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AccretionAmortizationOfDiscountsAndPremiumsInvestments
-231000
us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
128000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
7000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
403000
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-1962000
us-gaap Noninterest Income Other
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75000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
3827000
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110000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
641000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
568000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
2900000
us-gaap Increase Decrease In Other Loans
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2978000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
220000
us-gaap Fees And Commissions Depositor Accounts
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75000
us-gaap Increase Decrease In Loans To Federal Home Loan Banks
IncreaseDecreaseInLoansToFederalHomeLoanBanks
0
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
8000
us-gaap Income Taxes Paid Net
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235000
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13000
us-gaap Net Income Loss Available To Common Stockholders Diluted
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165000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
3720000
us-gaap Noninterest Income
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304000
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
448000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
20000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000
us-gaap Marketing Expense
MarketingExpense
95000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
7000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-18000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
us-gaap Share Based Compensation
ShareBasedCompensation
0
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
60000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-11176000
us-gaap Interest Expense
InterestExpense
336000
us-gaap Interest Expense Domestic Deposits
InterestExpenseDomesticDeposits
314000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-9603000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
22000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1219000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
522000
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
238000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3284000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
442000
us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
13000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
-10888000
us-gaap Occupancy Net
OccupancyNet
421000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1000000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
1625000
us-gaap Professional Fees
ProfessionalFees
261000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
4102000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
591000
us-gaap Noninterest Expense
NoninterestExpense
2984000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
194000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-1525000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-83000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1027000
prime Provisions Credit For Loan And Lease Losses
ProvisionsCreditForLoanAndLeaseLosses
-591000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1389000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Amendment Flag
AmendmentFlag
false
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0089 pure
us-gaap Depreciation And Amortization
DepreciationAndAmortization
212000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
15282000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-26000
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001586454
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
229000
prime Number Of Loan Portfolio Segments
NumberOfLoanPortfolioSegments
3 Segment
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y7M6D
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0813 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.50
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
Prime Meridian Holding Co
us-gaap Reclassifications
Reclassifications
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; WIDOWS: 1; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left"><b>(11)</b></td> <td valign="top" align="left"><b>Reclassification</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> Certain interest income sources were reclassified from securities income to other income for the quarter ended June&#xA0;30, 2014 to conform to June&#xA0;30, 2015 presentation. Also, certain noninterest income sources were reclassified from gain on sale of loans and other income to mortgage banking revenue and certain noninterest expenses were reclassified from advertising and other noninterest expense to occupancy and equipment, marketing, and FDIC assessment for the quarter ended June&#xA0;30, 2014 to conform to June&#xA0;30, 2015 presentation. The reclassification of income and expenses had no effect on net earnings (loss).</p> </div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1951913 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8125 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.00
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1943788 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1400 shares
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
21000
dei Trading Symbol
TradingSymbol
PRIME
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1776000
CY2014Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
19000
CY2014Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
10000
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-91000
CY2014Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
1693000
us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
15000 shares
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
276000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
12000
us-gaap Net Income Loss
NetIncomeLoss
825000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
12000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
14000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
825000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
216000
us-gaap Interest Paid
InterestPaid
339000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3980000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4124000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
12681000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
25000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-41000
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
42000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-215000
us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
211000
us-gaap Share Based Compensation
ShareBasedCompensation
1000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
55000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
110000
us-gaap Interest Expense
InterestExpense
342000
us-gaap Interest Expense Domestic Deposits
InterestExpenseDomesticDeposits
328000
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1692105 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2014Q2 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
8000
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NetIncomeLoss
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
397000
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IncreaseDecreaseInLoansHeldForSale
-12594000
us-gaap Noninterest Income Other
NoninterestIncomeOther
85000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
4466000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
202000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-30000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
807000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
3915000
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IncreaseDecreaseInOtherLoans
2699000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1275000
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FeesAndCommissionsDepositorAccounts
73000
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IncreaseDecreaseInLoansToFederalHomeLoanBanks
5000000
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ImpairedFinancingReceivableInterestIncomeCashBasisMethod
8000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
525000
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StockIssuedDuringPeriodValueShareBasedCompensationGross
20000
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NetIncomeLossAvailableToCommonStockholdersDiluted
825000
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PaymentsToAcquireAvailableForSaleSecurities
4951000
us-gaap Noninterest Income
NoninterestIncome
436000
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
465000
us-gaap Amortization Of Deferred Loan Origination Fees Net
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247000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
450000
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MarketingExpense
209000
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ProceedsFromSaleOfAvailableForSaleSecurities
2057000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-18876000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
14000
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NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
17597000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
401000
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
12000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
507000
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DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
20000
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ProceedsFromStockOptionsExercised
14000
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562000
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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0
us-gaap Labor And Related Expense
LaborAndRelatedExpense
1612000
us-gaap Professional Fees
ProfessionalFees
237000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
42000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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4178000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
209000
us-gaap Noninterest Expense
NoninterestExpense
3076000
prime Alll Qualified As Tier Two Capital On Basis Of Percentage Of Risk Weighted Assets
AlllQualifiedAsTierTwoCapitalOnBasisOfPercentageOfRiskWeightedAssets
0.0125 pure
prime Number Of Banking Offices
NumberOfBankingOffices
2 Office
prime Federal Home Loan Bank Advances Maturity Date
FederalHomeLoanBankAdvancesMaturityDate
2015-11-30
prime Provisions Credit For Loan And Lease Losses
ProvisionsCreditForLoanAndLeaseLosses
-209000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1692105 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0
CY2014Q2 us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
82000
CY2014Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
3000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
250000
CY2014Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
46000
CY2014Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
1940000
CY2014Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
397000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
159000
CY2014Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
1214000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-167000
CY2014Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
34000
CY2014Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
4000
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-91000
CY2014Q2 us-gaap Noninterest Income
NoninterestIncome
172000
CY2014Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
228000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-76000
CY2014Q2 us-gaap Marketing Expense
MarketingExpense
78000
CY2014Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
33000
CY2014Q2 us-gaap Interest Expense
InterestExpense
164000
CY2014Q2 us-gaap Interest Expense Domestic Deposits
InterestExpenseDomesticDeposits
156000
CY2014Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
8000
CY2014Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
236000
CY2014Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
147000
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2014Q2 us-gaap Occupancy Net
OccupancyNet
218000
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
813000
CY2014Q2 us-gaap Professional Fees
ProfessionalFees
175000
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2014Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
562000
CY2014Q2 us-gaap Noninterest Expense
NoninterestExpense
1553000
CY2014Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1652000
CY2014Q2 prime Provisions Credit For Loan And Lease Losses
ProvisionsCreditForLoanAndLeaseLosses
-562000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0089 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0813 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1948440 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4085 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1944355 shares
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2015Q2 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
0
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
376000
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-376000
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
376000
CY2015Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
2033000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2110000
CY2015Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
8000
CY2015Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
13000
CY2015Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0
CY2015Q2 us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
150000
CY2015Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
3000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-237000
CY2015Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
45000
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2284000
CY2015Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-376000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
139000
CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
1919000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
582000
CY2015Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
39000
CY2015Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
2000
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
376000
CY2015Q2 us-gaap Noninterest Income
NoninterestIncome
247000
CY2015Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
243000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
206000
CY2015Q2 us-gaap Marketing Expense
MarketingExpense
96000
CY2015Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
29000
CY2015Q2 us-gaap Interest Expense
InterestExpense
174000
CY2015Q2 us-gaap Interest Expense Domestic Deposits
InterestExpenseDomesticDeposits
166000
CY2015Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
8000
CY2015Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
215000
CY2015Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-139000
CY2015Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2015Q2 us-gaap Occupancy Net
OccupancyNet
279000
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
804000
CY2015Q2 us-gaap Professional Fees
ProfessionalFees
161000
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2015Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
191000
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
1584000
CY2015Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
223000
CY2015Q2 prime Provisions Credit For Loan And Lease Losses
ProvisionsCreditForLoanAndLeaseLosses
-191000

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