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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income    
Loans $ 11,621 $ 11,408
Securities 2,707 3,031
Dividends on Federal Home Loan Bank stock and other 171 192
Total interest and dividend income 14,499 14,631
Interest Expense    
Deposits 1,589 1,574
Other short-term borrowings 9 9
Federal Home Loan Bank advances 369 480
Total interest expense 1,967 2,063
Net Interest Income 12,532 12,568
Provision for Loan Losses 1,175 333
Net Interest Income After Provision for Loan Losses 11,357 12,235
Noninterest Income    
Gain on loan sales 193 251
Earnings on bank-owned life insurance 294 293
Service fees, charges and other operating 1,403 1,308
Total noninterest income 1,890 1,852
Noninterest Expense    
Salaries and employee benefits 6,444 6,147
Net occupancy and equipment expense 1,986 1,948
Federal deposit insurance premiums 270 272
Franchise taxes 264 256
Provision for impairment on foreclosed assets held for sale 37 28
Loss on sale of foreclosed assets held for sale 106 2
Loss on disposal of office premises and equipment $ 2 4
Amortization of intangible assets 38
Other $ 2,078 1,924
Total noninterest expense 11,187 10,619
Income Before Federal Income Taxes 2,060 3,468
Provision for Federal Income Taxes 413 837
Net Income 1,647 2,631
Other comprehensive income (loss):    
Unrealized gains (losses) on available-for-sale securities, net of taxes of ($380) and $373 for 2015 and 2014, respectively (737) 725
Change in split-dollar life insurance policy unrecognized net loss 155 (186)
Change in defined benefit plan unrecognized net gain (loss), net of taxes of $1 and ($213) for 2015 and 2014, respectively 2 (413)
Amortization of net loss included in net periodic pension cost, net of taxes of $36 and $15 for 2015 and 2014, respectively 69 29
Other comprehensive income (loss) (511) 155
Total comprehensive income $ 1,136 $ 2,786
Basic Earnings Per Share $ 0.60 $ 0.95
Diluted Earnings Per Share $ 0.60 $ 0.95