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Unaudited Consolidated Statements of Income - 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 $ 4,316 $ 4,213 $ 12,697 $ 12,478
Taxable securities 142 156 433 510
Non-taxable securities 115 146 379 464
Federal funds sold and other 67 42 181 117
Total interest and dividend income 4,640 4,557 13,690 13,569
Interest expense        
Deposits 628 520 1,769 1,562
FHLB advances and other borrowings 112 89 305 228
Subordinated debentures 37 30 106 86
Total interest expense 777 639 2,180 1,876
Net interest income 3,863 3,918 11,510 11,693
Provision (credit) for loan losses (30)     (85)
Net interest income after provision (credit) for loan losses 3,893 3,918 11,510 11,778
Non-interest income        
Service charges on deposit accounts 317 361 922 1,025
Other service charges and fees 317 262 882 782
Gain on sale of mortgage loans 79 110 235 278
Non-deposit brokerage fees 90 83 268 230
Lease income 53 61 185 155
BOLI income 44 45 132 133
Gain on sale of available-for-sale securities 25 20 48 126
Total non-interest income 925 942 2,672 2,729
Non-interest expenses        
Salaries and employee benefits 1,673 1,674 5,062 5,134
Net occupancy expense 449 481 1,356 1,456
Advertising and public relations 111 86 259 245
Professional fees 160 98 461 415
Data processing services 214 262 718 781
Franchise shares and deposit tax 132 132 396 396
FDIC insurance 52 58 150 176
Other real estate owned expenses   (8)   16
Other 415 452 1,308 1,460
Total non-interest expenses 3,206 3,235 9,710 10,079
Income before income taxes 1,612 1,625 4,472 4,428
Income taxes 490 490 1,335 1,314
Net income 1,122 1,135 3,137 3,114
Dividends and accretion on preferred stock   124 238 371
Net income available for common stockholders $ 1,122 $ 1,011 $ 2,899 $ 2,743
Basic earnings per common share (in dollars per share) $ 0.44 $ 0.50 $ 1.30 $ 1.37
Diluted earnings per common share (in dollars per share) $ 0.44 $ 0.45 $ 1.23 $ 1.23