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Consolidated Condensed Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Loans receivable $ 4,277 $ 3,987 $ 8,652 $ 7,990
Investment securities 787 738 1,569 1,482
Interest-earning deposits and other 51 55 106 127
Total interest income 5,115 4,780 10,327 9,599
Interest Expense        
Deposits 451 501 894 1,017
Borrowings 398 352 783 743
Total interest expense 849 853 1,677 1,760
Net Interest Income 4,266 3,927 8,650 7,839
Provision for loan losses 99 24 198 198
Net Interest Income After Provision for Loan Losses 4,167 3,903 8,452 7,641
Other Income        
Service fees and charges 603 648 1,144 1,192
Net realized gains on sale of available-for-sale securities (includes $25, $158, $118 and $245, respectively, related to accumulated other comprehensive earnings reclassifications) 25 158 118 245
Net gains on loan sales 104 64 252 142
Interchange fee income 169 161 326 308
Increase in cash value of life insurance 77 42 155 124
Loss on premises held for sale   (111)   (111)
Gain (loss) on real estate held for sale 80 (139) 56 (159)
Other income 143 131 274 236
Total other income 1,201 954 2,325 1,977
Other Expenses        
Salaries and employee benefits 1,881 1,847 3,796 3,688
Net occupancy and equipment expenses 481 486 999 1,023
Data processing fees 166 152 297 296
Advertising 125 140 253 239
Mortgage servicing rights 51 48 98 92
Office supplies 36 34 81 49
Professional fees 86 98 263 232
Federal Deposit Insurance Corporation assessment 91 105 178 210
Loan related expenses 103 109 197 243
Other expenses 409 371 856 736
Total other expenses 3,429 3,390 7,018 6,808
Income Before Income Tax 1,939 1,467 3,759 2,810
Income tax expense (includes $9, $54, $40 and $83, respectively, related to income tax expense from reclassification items) 391 326 758 604
Net Income 1,548 1,141 3,001 2,206
Preferred stock dividends   91   181
Net Income Available to Common Stockholders $ 1,548 $ 1,050 $ 3,001 $ 2,025
Basic earnings per common share (in dollars per share) $ 0.62 $ 0.68 $ 1.19 $ 1.32
Diluted earnings per common share (in dollars per share) 0.62 0.68 1.19 1.32
Dividends per share (in dollars per share) $ 0.23 $ 0.23 $ 0.46 $ 0.44