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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and Dividend Income        
Loans $ 3,375 $ 2,933 $ 9,753 $ 8,598
Securities 516 651 1,712 2,043
Dividends on Federal Home Loan Bank stock and other 62 43 155 132
Total interest and dividend income 3,953 3,627 11,620 10,773
Interest Expense        
Deposits 464 395 1,332 1,189
Other short-term borrowings 3 2 7 7
Federal Home Loan Bank advances 67 83 206 273
Total interest expense 534 480 1,545 1,469
Net Interest Income 3,419 3,147 10,075 9,304
Provision for Loan Losses 208 357 152 1,071
Net Interest Income After Provision for Loan Losses 3,211 2,790 9,923 8,233
Noninterest Income        
Gain on loan sales 82 80 203 142
Earnings on bank-owned life insurance 75 75 223 220
Service fees, charges and other operating 366 383 1,104 1,050
Total noninterest income 523 538 1,530 1,412
Noninterest Expense        
Salaries and employee benefits 1,779 1,635 5,227 4,794
Net occupancy and equipment expense 545 527 1,581 1,505
Federal deposit insurance premiums 61 69 201 197
Franchise taxes 89 68 266 201
Other 550 580 1,607 1,667
Total noninterest expense 3,024 2,879 8,882 8,364
Income Before Federal Income Taxes 710 449 2,571 1,281
Provision for Federal Income Taxes 160 77 640 226
Net Income 550 372 1,931 1,055
Other comprehensive income (loss):        
Unrealized gains (losses) on available-for-sale securities (272) 235 367 (474)
Tax (expense) benefit 92 (80) (125) 161
Other comprehensive income (loss) (180) 155 242 (313)
Total comprehensive income $ 370 $ 527 $ 2,173 $ 742
Basic and Diluted Earnings Per Share $ 0.20 $ 0.13 $ 0.70 $ 0.38
Dividends Per Share $ 0.09 $ 0.09 $ 0.27 $ 0.27