BANK OF COMMERCE HOLDINGS - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht
|Land||Vereinigte Staaten von Amerika|
|Rohdaten nach||US GAAP in Millionen USD|
|Aktiensplits||2004-08-17 - 3:1 | 2000-09-27 - 11:10 ||
|Letztes Bilanz Update||15.03.2017|
|Fundamental Verhältnisse errechnet am: 21.07.2017|
NOTE 29. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)The following tables present the summary of results for the eight quarters ended December 31, 2015.2015
(Amounts in thousands, except for share information)
Net interest income
Provision for loan and lease losses
Income before provision for income tax
Provision for income tax
Less: preferred stock accretion and extinguishment costs
Less: preferred dividend on preferred stock
Income available to common shareholders
Earnings per share - basic
Weighted average shares - basic
Principles of Consolidation - The accompanying Consolidated Financial Statements include the accounts of the Holding Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. As of December 31, 2013, the Holding Company had two wholly-owned trusts (“Trusts”) formed in 2003 and 2005 to issue trust preferred securities and related common securities. During the year ended December 31, 2014, the Holding Company redeemed $5.2 million of junior subordinated debentures from Bank of Commerce Holdings Trust for net cash payment of $4.6 million resulting in a gain on extinguishment of debt recorded in other income of $406 thousand and a reduction of the common stock investment in trusts of $155 thousand. Accordingly, as of December 31, 2015 and 2014, the Holding Company had one wholly-owned trust.The Trusts were formed to issue trust preferred securities and related common securities of the Trusts. We have not consolidated the accounts of the Trusts in our Consolidated Financial Statements in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB”) ASC 810, Consolidation (“ASC 810”). We are not considered the primary beneficiary of the Trusts (variable interest entities). As a result, the junior subordinated debentures issued by the Holding Company to the Trusts are reflected on the Company’s Consolidated Balance Sheets.
Earnings per Share - Earnings per share is an important measure of our performance for investors and other users of financial statements. Certain of our securities, such as unvested restricted stock and stock options, permit the holders to become common shareholders or add to the number of shares of common stock already held. Because there is potential reduction, called dilution, of earnings per share figures inherent in our capital structure, we are required to present a dual presentation of earnings per share - basic earnings per share and diluted earnings per share.
Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period, excluding unvested restricted stock awards which do not have voting rights or share in dividends. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Holding Company. The computation of diluted earnings per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on earnings per share.
We present both basic and diluted earnings per share on the face of the Consolidated Statements of Operations. In addition, detailed presentation of the earnings per share calculation is provided in Note 26, Earnings Per Common Share in these Notes to Consolidated Financial Statements.