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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and Dividend Income        
Loans $ 3,566 $ 3,209 $ 7,005 $ 6,378
Securities 472 568 954 1,196
Dividends on Federal Home Loan Bank stock and other 57 49 113 93
Total interest and dividend income 4,095 3,826 8,072 7,667
Interest Expense        
Deposits 437 447 882 868
Other short-term borrowings 2 2 5 4
Federal Home Loan Bank advances 60 69 120 139
Total interest expense 499 518 1,007 1,011
Net Interest Income 3,596 3,308 7,065 6,656
Provision (Credit) for Loan Losses 83 11 110 (56)
Net Interest Income After Provision (Credit) for Loan Losses 3,513 3,297 6,955 6,712
Noninterest Income        
Deposit service charges 151 145 303 282
Gain on loan sales 138 73 171 121
Earnings on bank-owned life insurance 76 75 149 148
Interchange fees 115 103 218 199
Other operating 160 159 286 257
Total noninterest income 640 555 1,127 1,007
Noninterest Expense        
Salaries and employee benefits 1,526 1,762 3,250 3,448
Net occupancy and equipment expense 527 509 1,053 1,036
Federal deposit insurance premiums 42 69 88 140
Franchise taxes 94 89 185 177
Advertising and marketing 62 73 132 142
Legal 156 30 347 90
Audit and accounting 106 85 216 164
Stockholder expense 186 28 262 58
Other 402 305 727 603
Total noninterest expense 3,101 2,950 6,260 5,858
Income Before Federal Income Taxes 1,052 902 1,822 1,861
Provision for Federal Income Taxes 291 228 490 480
Net Income 761 674 1,332 1,381
Other comprehensive income:        
Unrealized gains on available-for-sale securities 159 159 230 640
Unrecognized loss on split-dollar life insurance policy (29)
Tax expense (54) (53) (78) (218)
Other comprehensive income 105 106 123 422
Total comprehensive income $ 866 $ 780 $ 1,455 $ 1,803
Basic and Diluted Earnings Per Share $ 0.27 $ 0.24 $ 0.48 $ 0.50
Dividends Per Share $ 0.09 $ 0.09 $ 0.18 $ 0.18