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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and Dividend Income        
Loans $ 3,641 $ 3,375 $ 10,646 $ 9,753
Securities 452 516 1,406 1,712
Dividends on Federal Home Loan Bank stock and other 61 62 174 155
Total interest and dividend income 4,154 3,953 12,226 11,620
Interest Expense        
Deposits 419 464 1,301 1,332
Other short-term borrowings 3 3 8 7
Federal Home Loan Bank advances 69 67 189 206
Total interest expense 491 534 1,498 1,545
Net Interest Income 3,663 3,419 10,728 10,075
Provision for Loan Losses 99 208 209 152
Net Interest Income After Provision for Loan Losses 3,564 3,211 10,519 9,923
Noninterest Income        
Deposit service charges 163 161 466 443
Gain on loan sales 70 82 241 203
Gain (loss) on sale of foreclosed assets held for sale 5 (1) 5 (6)
Earnings on bank-owned life insurance 76 75 225 223
Interchange fees 114 101 332 300
Other operating 126 104 412 361
Total noninterest income 554 522 1,681 1,524
Noninterest Expense        
Salaries and employee benefits 1,531 1,779 4,781 5,227
Net occupancy and equipment expense 601 545 1,654 1,581
Federal deposit insurance premiums 38 61 126 201
Franchise taxes 90 89 275 266
Advertising and marketing 68 74 200 216
Legal 98 27 445 117
Audit and accounting 106 87 322 252
Stockholder expense 25 31 287 89
Other 364 330 1,091 927
Total noninterest expense 2,921 3,023 9,181 8,876
Income Before Federal Income Taxes 1,197 710 3,019 2,571
Provision for Federal Income Taxes 342 160 832 640
Net Income 855 550 2,187 1,931
Other comprehensive income (loss):        
Unrealized gains (losses) on available-for-sale securities (127) (272) 103 367
Unrecognized loss on split-dollar life insurance policy (29)
Tax (expense) benefit 43 92 (35) (125)
Other comprehensive income (loss) (84) (180) 39 242
Total comprehensive income $ 771 $ 370 $ 2,226 $ 2,173
Basic and Diluted Earnings Per Share $ 0.31 $ 0.20 $ 0.79 $ 0.70
Dividends Per Share $ 0.09 $ 0.09 $ 0.27 $ 0.27