2016 Q2 Form 10-Q Financial Statement

#000143774916037463 Filed on August 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2 2015 Q1
Revenue $6.033M $6.120M
YoY Change -1.42%
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 $320.0K $250.0K $250.0K
YoY Change 28.0% -10.71% -13.79%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $651.0K $671.0K
YoY Change -2.98%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$948.0K $1.141M $490.0K
YoY Change -183.09% 115.28% 53.61%
Income Tax -$366.0K $452.0K $200.0K
% Of Pretax Income 39.61% 40.82%
Net Earnings -$582.0K $689.0K $289.0K
YoY Change -184.47% 30.0% -9.4%
Net Earnings / Revenue -9.65% 11.26%
Basic Earnings Per Share -$0.15 $0.18 $0.07
Diluted Earnings Per Share -$0.15 $0.18 $74.94K
COMMON SHARES
Basic Shares Outstanding 3.957M 3.872M 3.872M shares
Diluted Shares Outstanding 3.957M 3.893M

Balance Sheet

Concept 2016 Q2 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.96M
YoY Change
Cash & Equivalents $46.49M $53.09M
Short-Term Investments $35.47M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $29.97M $24.70M $23.10M
YoY Change 21.34% 35.71% 55.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.10M $14.20M $14.60M
YoY Change -7.75%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $653.1M $628.9M $647.1M
YoY Change 3.84% 13.91% 15.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.100M $3.100M $2.500M
YoY Change 0.0% 47.62% -32.43%
Deferred Revenue
YoY Change
Short-Term Debt $1.800M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.100M $3.100M $2.500M
YoY Change 0.0% 47.62% -32.43%
LONG-TERM LIABILITIES
Long-Term Debt $8.200M $8.200M $8.200M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $2.500M
YoY Change
Total Long-Term Liabilities $10.70M $8.200M $8.200M
YoY Change 30.49% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.100M $3.100M $2.500M
Total Long-Term Liabilities $10.70M $8.200M $8.200M
Total Liabilities $589.9M $568.8M $587.8M
YoY Change 3.72% 11.81% 13.07%
SHAREHOLDERS EQUITY
Retained Earnings -$43.57M -$46.69M
YoY Change -25.14%
Common Stock $106.9M $106.3M
YoY Change 0.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $160.0K $160.0K
YoY Change 0.0%
Treasury Stock Shares $1.170K 1.170K shares
Shareholders Equity $61.91M $60.08M $59.30M
YoY Change
Total Liabilities & Shareholders Equity $653.1M $628.9M $647.1M
YoY Change 3.84% 13.91% 15.04%

Cashflow Statement

Concept 2016 Q2 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income -$582.0K $689.0K $289.0K
YoY Change -184.47% 30.0% -9.4%
Depreciation, Depletion And Amortization $320.0K $250.0K $250.0K
YoY Change 28.0% -10.71% -13.79%
Cash From Operating Activities $1.640M $2.340M $1.080M
YoY Change -29.91% -1075.0% 315.38%
INVESTING ACTIVITIES
Capital Expenditures -$500.0K -$1.900M -$950.0K
YoY Change -73.68% -47.8% -1069.39%
Acquisitions
YoY Change
Other Investing Activities -$37.85M $6.340M -$21.51M
YoY Change -697.0% -53.35% -641.81%
Cash From Investing Activities -$38.36M $4.440M -$22.45M
YoY Change -963.96% -55.38% -680.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.21M -19.65M 14.07M
YoY Change -182.49% 105.97% -32.26%
NET CHANGE
Cash From Operating Activities 1.640M 2.340M 1.080M
Cash From Investing Activities -38.36M 4.440M -22.45M
Cash From Financing Activities 16.21M -19.65M 14.07M
Net Change In Cash -20.51M -12.87M -7.300M
YoY Change 59.36% -7670.59% -129.32%
FREE CASH FLOW
Cash From Operating Activities $1.640M $2.340M $1.080M
Capital Expenditures -$500.0K -$1.900M -$950.0K
Free Cash Flow $2.140M $4.240M $2.030M
YoY Change -49.53% 24.71% 1153.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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pnbk Amortization And Accretion Of Purchase Loan Premiums And Discounts Net
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pnbk Fees And Service Charges
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pnbk Gain Recognized On Other Real Estate At Repossession
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pnbk Gain Recognized On Other Real Estate At Repossession
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pnbk Loans And Leases Receivable Gross Increase Decrease
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us-gaap Basis Of Accounting
BasisOfAccounting
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Note 1:</div><div style="display: inline; font-weight: bold;"> </div><div style="display: inline; font-weight: bold;">Basis of Financial Statement Presentation</div></div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">&nbsp;</div></div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The accompanying unaudited condensed consolidated financial statements of Patriot National Bancorp, Inc. (the &#x201c;Company&#x201d;) and its wholly-owned subsidiaries including Patriot National Bank (the &#x201c;Bank&#x201d;), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. The accompanying unaudited condensed consolidated financial statements presented herein should be read in conjunction with the previously filed audited financial statements of the Company and notes thereto for the year ended December&nbsp;31,&nbsp;2015.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Consolidated Balance Sheet at December&nbsp;31,&nbsp;2015 presented herein has been derived from the audited financial statements of Patriot National Bancorp, Inc. (the &#x201c;Company&#x201d;) at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Effective June 30, 2016, the Company has reclassified loans secured by 1-4 Family Non-owner occupied real estate to &#x201c;Residential&#x201d; from the &#x201c;Commercial Real Estate&#x201d; classification. Amounts presented for prior periods have been reclassified for consistency with the current period. See Note 3: Loans Receivable and Allowance for Loan Losses for additional information. Certain additional other prior period amounts have been reclassified to conform to current year presentation.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The information furnished reflects, in the opinion of management, all normal recurring adjustments necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the results of operations that may be expected for the remainder of 2016.</div></div></div>
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DepositsNegotiableOrderOfWithdrawalNOW
28745000
CY2015Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
28684000
CY2016Q2 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
124196000
CY2015Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
106291000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
616000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
499000
CY2016Q2 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0379
CY2016Q2 us-gaap Dividend Income Operating
DividendIncomeOperating
90000
CY2015Q2 us-gaap Dividend Income Operating
DividendIncomeOperating
60000
us-gaap Dividend Income Operating
DividendIncomeOperating
176000
us-gaap Dividend Income Operating
DividendIncomeOperating
117000
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.16
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.18
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.32
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2016Q2 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
131300000
CY2016Q2 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
128000000
CY2015Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
132000000
CY2016Q2 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
7982000
CY2015Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
8645000
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
4230000
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
5239000
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1020000
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
3000
CY2016Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
513795000
CY2015Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
471518000
CY2016Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
14859000
CY2015Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12851000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2016Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4800000
CY2015Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1593000
CY2016Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
56000
CY2015Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
83000
us-gaap General Insurance Expense
GeneralInsuranceExpense
111000
us-gaap General Insurance Expense
GeneralInsuranceExpense
164000
CY2016Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
15688000
CY2015Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11968000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
14742000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12173000
CY2016Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
115000
CY2015Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
131000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
230000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
260000
CY2016Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
14859000
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
12851000
CY2016Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1020000
CY2015Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
3000
CY2016Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
16771000
CY2015Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
14837000
CY2016Q2 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
12710000
CY2015Q2 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
11968000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
12826000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
12172000
CY2016Q2 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
115000
CY2015Q2 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
131000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
230000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
260000
CY2016Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
11880000
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
12848000
CY2016Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
13792000
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
14834000
CY2016Q2 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
2979000
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1916000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1000
CY2016Q2 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
CY2016Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2979000
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3000
CY2016Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
2979000
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
3000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1011000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1141000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2082000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1631000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
397000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
815000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
452000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
653000
us-gaap Income Taxes Paid
IncomeTaxesPaid
us-gaap Income Taxes Paid
IncomeTaxesPaid
3000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
231000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
514000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
84000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
82000
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
8000
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-232000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-700000
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
110000
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
116000
us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
-4000000
us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
-20000000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
341000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
44000
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
1656000
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
14340000
CY2016Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
241000
CY2015Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
255000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
526000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
505000
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6033000
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6120000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
12142000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11868000
CY2016Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5783000
CY2015Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5924000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
11623000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
11470000
CY2016Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
371092000
CY2015Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
359615000
CY2016Q2 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
371092000
CY2015Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
359615000
CY2016Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
43594000
CY2015Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
82812000
CY2016Q2 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
57185000
CY2015Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
48154000
CY2016Q2 us-gaap Interest Expense
InterestExpense
651000
CY2015Q2 us-gaap Interest Expense
InterestExpense
671000
us-gaap Interest Expense
InterestExpense
1335000
us-gaap Interest Expense
InterestExpense
1342000
CY2016Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
64000
CY2015Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
85000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
185000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
156000
CY2014Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1600000
CY2016Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
496000
CY2015Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
513000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
969000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
1042000
CY2016Q2 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
8000
CY2015Q2 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
16000
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
CY2016Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
83000
CY2015Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
73000
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
165000
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
144000
CY2016Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5382000
CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5449000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10807000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10276000
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5382000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5449000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10807000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10526000
CY2016Q2 us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
28000
CY2015Q2 us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
17000
us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
69000
us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
46000
us-gaap Interest Paid
InterestPaid
1173000
us-gaap Interest Paid
InterestPaid
1144000
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
600000
CY2016Q2 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
8248000
CY2015Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
8248000
CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2615000
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2395000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
5165000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
4739000
CY2016Q2 us-gaap Liabilities
Liabilities
589945000
CY2015Q4 us-gaap Liabilities
Liabilities
592067000
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
653055000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
653531000
CY2016Q2 us-gaap Loan Processing Fee
LoanProcessingFee
8000
CY2015Q2 us-gaap Loan Processing Fee
LoanProcessingFee
7000
us-gaap Loan Processing Fee
LoanProcessingFee
16000
us-gaap Loan Processing Fee
LoanProcessingFee
29000
CY2016Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5250000
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5242000
CY2016Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5247000
CY2015Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5193000
CY2015Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5208000
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4924000
CY2016Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
300000
CY2015Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
300000
CY2016Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
528654000
CY2015Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
484369000
CY2016Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
CY2015Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
CY2016Q2 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
58000
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
196000
CY2015Q2 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
4000
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
8000
CY2016Q2 us-gaap Loans Receivable Net
LoansReceivableNet
523404000
CY2015Q4 us-gaap Loans Receivable Net
LoansReceivableNet
479127000
CY2016Q2 us-gaap Marketable Securities
MarketableSecurities
35469000
CY2015Q4 us-gaap Marketable Securities
MarketableSecurities
42472000
CY2016Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
96000
CY2015Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
137000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
213000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
187000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2353000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-5578000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-39201000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-18011000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2641000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3424000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
613863
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
689000
us-gaap Net Income Loss
NetIncomeLoss
1267260
us-gaap Net Income Loss
NetIncomeLoss
978000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
653000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
289000
CY2016Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
75244000
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
85065000
CY2016Q2 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
75244000
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
85065000
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
4736000
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
4759000
us-gaap Noninterest Expense
NoninterestExpense
9500000
us-gaap Noninterest Expense
NoninterestExpense
9490000
CY2016Q2 us-gaap Noninterest Income
NoninterestIncome
365000
CY2015Q2 us-gaap Noninterest Income
NoninterestIncome
451000
us-gaap Noninterest Income
NoninterestIncome
775000
us-gaap Noninterest Income
NoninterestIncome
845000
CY2016Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
90000
CY2015Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
22000
us-gaap Noninterest Income Other
NoninterestIncomeOther
179000
us-gaap Noninterest Income Other
NoninterestIncomeOther
259000
CY2016Q2 us-gaap Notes Payable
NotesPayable
1846000
CY2015Q4 us-gaap Notes Payable
NotesPayable
1939000
CY2016Q2 us-gaap Occupancy Net
OccupancyNet
750000
CY2015Q2 us-gaap Occupancy Net
OccupancyNet
909000
us-gaap Occupancy Net
OccupancyNet
1530000
us-gaap Occupancy Net
OccupancyNet
1864000
CY2016Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
104000
CY2015Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
177000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
207000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
110000
CY2016Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
3064000
CY2015Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2833000
CY2016Q2 us-gaap Other Assets
OtherAssets
1679000
CY2015Q4 us-gaap Other Assets
OtherAssets
1338000
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
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ProfessionalAndContractServicesExpense
391000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-711000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
48000
us-gaap Payments For Proceeds From Federal Reserve Bank Stock
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-38000
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PreferredStockParOrStatedValuePerShare
0
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0
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0
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0
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0
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PreferredStockValue
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us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
CY2016Q2 us-gaap Professional And Contract Services Expense
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364000
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
773000
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
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us-gaap Provision For Loan And Lease Losses
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CY2015Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
250000
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CY2015Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
us-gaap Provision For Loan Losses Expensed
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us-gaap Provision For Loan Losses Expensed
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250000
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0
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RealEstateAcquiredThroughForeclosure
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851000
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1167000
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2845000
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93000
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308000
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227000
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0
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0
CY2016Q2 us-gaap Stockholders Equity
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60076000
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16812000
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17509000
us-gaap Transfer To Other Real Estate
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840000
us-gaap Transfer To Other Real Estate
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1170
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1170
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160000
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160000
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900000
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3958085
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3893166
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3989975
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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3892952
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3957012
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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3872073
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3956609
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3871960

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