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Unaudited Consolidated Statements of Income - 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 $ 4,257 $ 4,162 $ 8,381 $ 8,265
Taxable securities 142 177 291 354
Non-taxable securities 127 159 264 318
Federal funds sold and other 67 38 114 75
Total interest and dividend income 4,593 4,536 9,050 9,012
Interest expense        
Deposits 595 514 1,142 1,042
FHLB advances and other borrowings 96 81 193 138
Subordinated debentures 35 29 68 57
Total interest expense 726 624 1,403 1,237
Net interest income 3,867 3,912 7,647 7,775
Provision (credit) for loan losses   (85) 30 (85)
Net interest income after provision (credit) for loan losses 3,867 3,997 7,617 7,860
Non-interest income        
Service charges on deposit accounts 327 339 605 664
Other service charges and fees 301 272 565 520
Gain on sale of mortgage loans 88 91 156 168
Non-deposit brokerage fees 91 75 178 147
Lease income 80 49 132 94
BOLI income 45 44 88 88
Gain on sale of available-for-sale securities   55 23 106
Total non-interest income 932 925 1,747 1,787
Non-interest expenses        
Salaries and employee benefits 1,655 1,676 3,389 3,460
Net occupancy expense 446 492 907 975
Advertising and public relations 77 98 148 159
Professional fees 171 137 301 317
Data processing services 251 263 504 519
Franchise shares and deposit tax 132 132 264 264
FDIC insurance 49 59 98 118
Other real estate owned expenses   23   24
Other 432 510 893 1,008
Total non-interest expenses 3,213 3,390 6,504 6,844
Income before income taxes 1,586 1,532 2,860 2,803
Income taxes 478 458 845 824
Net income 1,108 1,074 2,015 1,979
Dividends and accretion on preferred stock 119 123 238 247
Net income available for common stockholders $ 989 $ 951 $ 1,777 $ 1,732
Basic earnings per common share (in dollars per share) $ 0.47 $ 0.48 $ 0.86 $ 0.87
Diluted earnings per common share (in dollars per share) $ 0.43 $ 0.42 $ 0.79 $ 0.78