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Unaudited Consolidated Statements of Income - 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 $ 4,213 $ 4,050 $ 12,478 $ 12,107
Taxable securities 156 159 510 465
Non-taxable securities 146 170 464 519
Federal funds sold and other 42 36 117 99
Total interest and dividend income 4,557 4,415 13,569 13,190
Interest expense        
Deposits 520 563 1,562 1,692
FHLB advances and other 89 74 228 219
Subordinated debentures 30 25 86 73
Total interest expense 639 662 1,876 1,984
Net interest income 3,918 3,753 11,693 11,206
Provision (credit) for loan losses     (85) 200
Net interest income after provision (credit) for loan losses 3,918 3,753 11,778 11,006
Non-interest income        
Service charges on deposit accounts 361 386 1,025 1,061
Other service charges and fees 172 187 515 498
Gain on sale of mortgage loans 110 60 278 170
Non-deposit brokerage fees 83 103 230 282
Lease income 61 59 155 202
BOLI income 45 45 133 136
Gain on sale of available-for-sale securities 20   126 10
Total non-interest income 852 840 2,462 2,359
Non-interest expenses        
Salaries and employee benefits 1,674 1,650 5,134 4,887
Net occupancy expense 481 495 1,456 1,516
Advertising and public relations 86 75 245 250
Professional fees 98 183 415 534
Data processing services 262 262 781 739
Franchise shares and deposit tax 132 146 396 437
FDIC insurance 58 61 176 183
Core deposit intangible amortization 18 18 53 53
Other real estate owned expenses (income) (8) 6 16 42
Loss on branch disposal   262 27 262
Other 344 372 1,113 1,076
Total non-interest expenses 3,145 3,530 9,812 9,979
Income before income taxes 1,625 1,063 4,428 3,386
Income taxes 490 288 1,314 930
Net income 1,135 775 3,114 2,456
Dividends and accretion on preferred stock 124 131 371 389
Net income available for common stockholders $ 1,011 $ 644 $ 2,743 $ 2,067
Basic earnings per common share (in dollars per share) $ 0.50 $ 0.33 $ 1.37 $ 1.05
Diluted earnings per common share (in dollars per share) $ 0.45 $ 0.31 $ 1.23 $ 0.95