2016 Q4 Form 10-Q Financial Statement

#000162828016021314 Filed on November 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q4
Revenue
YoY Change
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 $570.0K $560.0K -$210.0K
YoY Change -371.43% 133.33% 40.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.099M
YoY Change 51.21%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.610M $2.558M $2.080M
YoY Change 25.48% 3298.31% 213.08%
Income Tax $960.0K $947.4K $900.0K
% Of Pretax Income 36.78% 37.03% 43.27%
Net Earnings $1.650M $1.611M $1.180M
YoY Change 39.83% -2194.54% 187.13%
Net Earnings / Revenue
Basic Earnings Per Share $0.23
Diluted Earnings Per Share $266.1K $0.22 $195.7K
COMMON SHARES
Basic Shares Outstanding 5.888M shares 5.835M shares 5.735M shares
Diluted Shares Outstanding 6.096M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.2M $197.2M $246.4M
YoY Change -19.57% -18.54% 69.2%
Cash & Equivalents $68.75M $58.59M $79.96M
Short-Term Investments $129.4M $138.6M $166.4M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $30.54M $27.86M $25.04M
YoY Change 21.96% 10.28% 57.08%
Goodwill $4.166M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.062B $1.041B $1.024B
YoY Change 3.76% 3.34% 91.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $26.60M $24.20M $28.10M
YoY Change -5.34% 31.52% 186.73%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.60M $24.20M $28.10M
YoY Change -5.34% 7966.67% 186.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.000M $7.500M $3.000M
YoY Change 66.67% 108.33% 130.77%
Total Long-Term Liabilities $5.000M $7.500M $3.000M
YoY Change 66.67% 108.33% 130.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.60M $24.20M $28.10M
Total Long-Term Liabilities $5.000M $7.500M $3.000M
Total Liabilities $957.2M $935.6M $923.8M
YoY Change 3.62% 2.96% 93.3%
SHAREHOLDERS EQUITY
Retained Earnings $16.87M $15.49M $12.09M
YoY Change 39.5% 41.6% 12.98%
Common Stock $5.896M $5.885M $5.806M
YoY Change 1.54% 2.67% 95.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $105.2M $105.2M $100.2M
YoY Change
Total Liabilities & Shareholders Equity $1.062B $1.041B $1.024B
YoY Change 3.76% 3.34% 91.86%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income $1.650M $1.611M $1.180M
YoY Change 39.83% -2194.54% 187.13%
Depreciation, Depletion And Amortization $570.0K $560.0K -$210.0K
YoY Change -371.43% 133.33% 40.0%
Cash From Operating Activities -$620.0K $3.220M $140.0K
YoY Change -542.86% 44.39% -95.95%
INVESTING ACTIVITIES
Capital Expenditures -$3.060M -$2.480M -$310.0K
YoY Change 887.1% -2354.55% -113.48%
Acquisitions
YoY Change
Other Investing Activities -$10.36M -$16.56M -$26.95M
YoY Change -61.56% -153.51% -148.47%
Cash From Investing Activities -$13.42M -$19.04M -$27.25M
YoY Change -50.75% -161.32% -147.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.21M 2.660M 17.14M
YoY Change 41.25% -79.27% -140.1%
NET CHANGE
Cash From Operating Activities -620.0K 3.220M 140.0K
Cash From Investing Activities -13.42M -19.04M -27.25M
Cash From Financing Activities 24.21M 2.660M 17.14M
Net Change In Cash 10.17M -13.16M -9.970M
YoY Change -202.01% -128.54% -153.54%
FREE CASH FLOW
Cash From Operating Activities -$620.0K $3.220M $140.0K
Capital Expenditures -$3.060M -$2.480M -$310.0K
Free Cash Flow $2.440M $5.700M $450.0K
YoY Change 442.22% 168.87% -61.21%

Facts In Submission

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CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015Q4 us-gaap Cash And Due From Banks
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us-gaap Common Stock Dividends Per Share Cash Paid
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0
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0
us-gaap Common Stock Dividends Per Share Cash Paid
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0
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1
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1
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152216000 USD
CY2015Q4 us-gaap Deposits
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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1624809 USD
us-gaap Dividends Preferred Stock
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752000 USD
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-0.03
us-gaap Income Tax Expense Benefit
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us-gaap Earnings Per Share Basic
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0.07
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EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
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EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2015Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
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144417 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
339376 USD
CY2016Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
153353 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
440100 USD
CY2015Q4 us-gaap Federal Funds Purchased And Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
FederalFundsPurchasedAndSecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
28068000 USD
CY2016Q3 us-gaap Federal Funds Purchased And Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
FederalFundsPurchasedAndSecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
24202000 USD
CY2015Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
28068215 USD
CY2015Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
28068000 USD
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FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
24202000 USD
CY2016Q3 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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24202095 USD
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6200000 USD
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FederalFundsSold
0 USD
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207878 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
487193 USD
CY2016Q3 us-gaap Fees And Commissions Depositor Accounts
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295951 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
850632 USD
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0 contract
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2252000 USD
CY2016Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2015Q4 us-gaap Foreclosed Assets
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CY2015Q3 us-gaap Foreclosed Real Estate Expense
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us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
179796 USD
CY2016Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
78988 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
199419 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
52255 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
18224 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
199587 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-426168 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
184626 USD
CY2015Q3 us-gaap Goodwill
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75280 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1067666 USD
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2558246 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2402267 USD
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IncomeTaxesPaid
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Deposits
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2359290 USD
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8684178 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
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-3866120 USD
us-gaap Increase Decrease In Interest Payable Net
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11495 USD
us-gaap Increase Decrease In Interest Payable Net
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-23177 USD
us-gaap Increase Decrease In Other Operating Capital Net
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264618 USD
us-gaap Increase Decrease In Other Operating Capital Net
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CY2015Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
292996 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
696773 USD
CY2016Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
456889 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1352882 USD
CY2015Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
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us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1233366 USD
CY2016Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
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us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1983606 USD
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
15851555 USD
CY2016Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
10110680 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
29439355 USD
CY2015Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
33405986 USD
CY2016Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
18813107 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
726712 USD
us-gaap Interest Expense
InterestExpense
1736570 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
1098871 USD
us-gaap Interest Expense
InterestExpense
3179111 USD
CY2015Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
687992 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
1688661 USD
CY2016Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1065092 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3039044 USD
CY2015Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
7394 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
13071 USD
CY2016Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
16614 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
48353 USD
CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6390001 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15089030 USD
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15445355 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
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InterestIncomeOperating
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CY2015Q4 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
4451000 USD
CY2015Q4 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
4451050 USD
CY2016Q3 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
4451000 USD
CY2016Q3 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
4451250 USD
CY2015Q4 us-gaap Marketable Securities
MarketableSecurities
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CY2016Q3 us-gaap Marketable Securities
MarketableSecurities
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us-gaap Interest Income Operating
InterestIncomeOperating
17181925 USD
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InterestIncomeOperating
10763476 USD
us-gaap Interest Income Operating
InterestIncomeOperating
31587614 USD
us-gaap Interest Paid
InterestPaid
1725076 USD
us-gaap Interest Paid
InterestPaid
3202288 USD
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InvestmentOwnedAtFairValue
4451000 USD
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LaborAndRelatedExpense
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4311708 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
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Liabilities
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CY2016Q3 us-gaap Liabilities
Liabilities
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CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1023962879 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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LoansAndLeasesReceivableAllowance
3880000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4354000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2015Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2016Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2015Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2015Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2016Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2016Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2015Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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19314573 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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2199235 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
12214911 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
327585 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
1610892 USD
us-gaap Net Income Loss
NetIncomeLoss
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NetIncomeLossAvailableToCommonStockholdersBasic
-106909 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
237585 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1340892 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3399385 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
335110 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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280318 USD
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
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CY2016Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
472300 USD
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
131419000 USD
CY2016Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
145508791 USD
CY2016Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
145509000 USD
CY2015Q3 us-gaap Noninterest Expense
NoninterestExpense
6493308 USD
us-gaap Noninterest Expense
NoninterestExpense
15114216 USD
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
8049616 USD
us-gaap Noninterest Expense
NoninterestExpense
24473842 USD
CY2015Q3 us-gaap Noninterest Income
NoninterestIncome
178587 USD
us-gaap Noninterest Income
NoninterestIncome
1092852 USD
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
1203824 USD
us-gaap Noninterest Income
NoninterestIncome
3235534 USD
CY2015Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
350648 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
817676 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
1294318 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
12436625 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
546758 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
424963 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
174061 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
800931 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
32398 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
11299 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
123744 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
19857 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
19857 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
6925 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
75843 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
546758 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
457361 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
185360 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
924675 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
114925 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
573073 USD
CY2015Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
6941107 USD
CY2016Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
6674641 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
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CY2016Q3 us-gaap Other Liabilities
OtherLiabilities
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CY2015Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
778505 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
1755973 USD
CY2016Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
994324 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2827086 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
33220666 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
66811239 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
90000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
752000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
3000000 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
873160 USD
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
12000 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
12000 shares
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
21351789 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Restricted Investments
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38000 USD
us-gaap Payments To Acquire Restricted Investments
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200 USD
CY2015Q3 us-gaap Preferred Stock Dividends Income Statement Impact
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30000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
90000 USD
CY2016Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
270000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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1
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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1
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
12000 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
12000 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
12000 USD
CY2016Q3 us-gaap Preferred Stock Value
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Proceeds From Sale Of Available For Sale Securities
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CY2016Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
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us-gaap Share Based Compensation
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CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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271201 shares
us-gaap Share Based Compensation
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us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
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693092 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q3 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Time Deposits
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CY2015Q4 us-gaap Time Deposits
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CY2016Q3 us-gaap Time Deposits
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CY2016Q3 us-gaap Time Deposits
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307548 shares
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3698822 shares
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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3391274 shares
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WeightedAverageNumberOfSharesOutstandingBasic
5834520 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5820834 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Reclassifications:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the prior consolidated financial statements have been reclassified to conform to the current period presentation. The reclassifications had no effect on net income, total assets or stockholders&#8217; equity as previously reported.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Basis of Presentation and Accounting Estimates:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All adjustments consisting of normal recurring accruals, that in the opinion of management, are necessary for a fair presentation of the financial position and the results of operations for the periods covered by the report have been included. The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with those appearing the in the </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> Annual Report previously filed on Form 10-K.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet, and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of foreclosed assets and deferred taxes, other-than-temporary impairments of securities, and the fair value of financial instruments.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Company has a diversified loan portfolio, a substantial portion of its debtors&#8217; ability to honor their contracts is dependent on local economic conditions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Company to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.</font></div></div>

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