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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and Dividend Income        
Loans receivable $ 10,919 $ 10,817 $ 21,784 $ 21,584
Investment securities 1,692 1,793 3,362 3,560
Federal Home Loan Bank stock 118 131 259 331
Deposits with financial institutions 2 3 9 7
Total interest and dividend income 12,731 12,744 25,414 25,482
Interest Expense        
Deposits 1,334 1,527 2,706 3,227
Federal Home Loan Bank advances 724 516 1,390 990
Other 133 143 261 288
Total interest expense 2,191 2,186 4,357 4,505
Net Interest Income 10,540 10,558 21,057 20,977
Provision for loan losses   500   850
Net Interest Income After Provision for Loan Losses 10,540 10,058 21,057 20,127
Non-interest Income        
Service fee income 1,464 1,538 2,822 2,879
Net realized gain on sales of available-for-sale securities 126 211 366 362
Commissions 1,142 1,178 2,263 2,260
Net gains on sales of loans 1,121 382 2,027 486
Net servicing fees (expense) 70 3 138 (22)
Increase in cash value of life insurance 313 304 601 571
Gain (loss) on sale of other real estate and repossessed assets 32 (178) (50) (240)
Other income 98 104 216 246
Total non-interest income 4,366 3,542 8,383 6,542
Non-interest Expenses        
Salaries and employee benefits 6,084 5,500 12,614 11,372
Net occupancy expenses 515 600 1,118 1,269
Equipment expenses 410 435 863 894
Data processing fees 428 402 872 807
Advertising and promotion 378 306 711 607
ATM and debit card expenses 347 316 682 606
Deposit insurance 212 270 444 540
Professional fees 383 439 913 878
Software subscriptions and maintenance 433 386 860 802
Other real estate and repossessed assets 87 151 214 286
Other expenses 1,096 1,048 2,100 2,038
Total non-interest expenses 10,373 9,853 21,391 20,099
Income Before Income Tax 4,533 3,747 8,049 6,570
Income tax expense 1,315 1,133 2,351 1,936
Net Income Available to Common Shareholders $ 3,218 $ 2,614 $ 5,698 $ 4,634
Earnings Per Share        
Basic $ 0.44 $ 0.37 $ 0.78 $ 0.65
Diluted 0.43 0.36 0.76 0.63
Dividends per common share $ 0.12 $ 0.08 $ 0.24 $ 0.14