Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

The following tables summarize the Company’s quarterly results for the years ended December 31, 2015 and 2014:

	2015
	Fourth		Third		Second		First
	(in thousands, except share and per share data)
Interest income	$	4,500	$	4,469	$	4,454	$	4,467
Interest expense		298		292		295		285
Net interest income		4,202		4,177		4,159		4,182
Provision for loan losses		-		(150)		-		150
Net interest income after provision for loan losses		4,202		4,327		4,159		4,032
Other non-interest income		1,261		1,223		1,180		1,158
Other non-interest expense		5,157		5,150		5,195		4,951
Income before income tax expense (benefit)		306		400		144		239
Income tax expense (benefit)		33		(10,688)		-		-
Net income	$	273	$	11,088	$	144	$	239
Stock and related per share data
Basic and diluted earnings per common share	$	0.04	$	1.52	$	0.02	$	0.03
Basic weighted average common shares outstanding		7,280,480		7,282,365		7,287,435		7,237,371
Diluted weighted average common shares outstanding		7,297,496		7,302,174		7,303,902		7,253,840

	2014
	Fourth		Third		Second		First
	(in thousands, except share and per share data)
Interest income	$	4,536	$	4,278	$	4,262	$	4,304
Interest expense		291		306		299		316
Net interest income		4,245		3,972		3,963		3,988
Provision for loan losses		150		—		—		—
Net interest income after provision for loan losses		4,095		3,972		3,963		3,988
Other non-interest income		1,132		1,140		996		1,192
Other non-interest expense		5,059		5,062		4,922		5,063
Income before income tax expense		168		50		37		117
Income tax expense		—		—		—		—
Net income	$	168	$	50	$	37	$	117
Stock and related per share data
Basic and diluted earnings per common share	$	0.02	$	0.01	$	0.01	$	0.02
Basic weighted average common shares outstanding		7,196,404		7,192,350		7,192,350		7,192,350
Diluted weighted average common shares outstanding		7,232,961		7,249,194		7,250,702		7,244,716