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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 INCOME        
Loans receivable, including fees $ 7,763 $ 6,891 $ 15,294 $ 13,700
Securities, taxable 216 221 393 400
Securities, non-taxable 345 284 660 569
Federal funds sold, and other 67 41 101 82
Total Interest Income 8,391 7,437 16,448 14,751
INTEREST EXPENSE        
Deposits 1,051 962 2,079 1,819
Securities sold under agreements to repurchase 3 3 6 7
Short-term borrowings 6 1 9 31
Long-term borrowings       5
Total Interest Expense 1,060 966 2,094 1,862
Net Interest Income 7,331 6,471 14,354 12,889
Provision for Loan Losses 235 70 415 255
Net Interest Income after Provision for Loan Losses 7,096 6,401 13,939 12,634
OTHER NON-INTEREST INCOME        
Credit card processing fees 466 429 926 843
Other service fees 223 174 428 335
Bank owned life insurance 86 81 187 129
Gain on sale of other real estate owned 6 5 11 15
Impairment on other real estate owned   (80)   (80)
Total Other Non-Interest Income 781 609 1,552 1,242
OTHER NON-INTEREST EXPENSES        
Salaries and employee benefits 2,117 1,951 4,352 3,921
Occupancy and equipment 648 681 1,298 1,356
Data processing 494 391 931 780
Credit card processing 426 396 860 798
Advertising and promotion 373 371 666 695
Professional fees 153 150 304 277
FDIC insurance 134 106 253 208
Insurance 15 15 31 28
Loan & real estate 70 46 123 110
Charitable contributions 168 149 426 386
Other real estate owned expenses 8 20 20 57
Other 334 400 626 673
Total Other Non-Interest Expenses 4,940 4,676 9,890 9,289
Income before Income Taxes 2,937 2,334 5,601 4,587
INCOME TAX EXPENSE 854 670 1,616 1,315
Net Income $ 2,083 $ 1,664 $ 3,985 $ 3,272
BASIC EARNINGS PER SHARE $ 0.28 $ 0.22 $ 0.54 $ 0.44
DILUTED EARNINGS PER SHARE 0.28 0.22 0.53 0.44
DIVIDENDS PER SHARE $ 0.14 $ 0.13 $ 0.14 $ 0.13