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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Loans receivable, including fees $ 8,792 $ 7,763 $ 17,053 $ 15,294
Securities, taxable 341 216 633 393
Securities, non-taxable 313 345 630 660
Federal funds sold, and other 69 67 133 101
Total Interest Income 9,515 8,391 18,449 16,448
INTEREST EXPENSE        
Deposits 1,289 1,051 2,388 2,079
Securities sold under agreements to repurchase 8 3 12 6
Short-term borrowings 118 6 136 9
Total Interest Expense 1,415 1,060 2,536 2,094
Net Interest Income 8,100 7,331 15,913 14,354
PROVISION FOR LOAN LOSSES 265 235 480 415
Net Interest Income after Provision for Loan Losses 7,835 7,096 15,433 13,939
OTHER NON-INTEREST INCOME        
Credit card processing fees 86 466 182 926
Debit card interchange fees 132 113 258 212
Other service fees 112 110 219 216
Bank owned life insurance 107 86 181 187
(Loss) gain on sale of other real estate owned (8) 6 (16) 11
Impairment on other real estate owned (27)   (27)  
Total Other Non-Interest Income 402 781 797 1,552
OTHER NON-INTEREST EXPENSES        
Salaries and employee benefits 2,376 2,117 4,847 4,352
Occupancy and equipment 732 648 1,422 1,298
Data processing 507 494 1,044 931
Credit card processing 22 426 66 860
Advertising and promotion 475 373 824 666
Professional fees 202 153 397 304
FDIC insurance 101 134 211 253
Insurance 14 15 28 31
Loan & real estate 103 70 190 123
Charitable contributions 193 168 466 426
Other real estate owned expenses 20 8 48 20
Other 413 334 700 626
Total Other Non-Interest Expenses 5,158 4,940 10,243 9,890
Income before Income Taxes 3,079 2,937 5,987 5,601
INCOME TAX EXPENSE 569 854 1,100 1,616
Net Income $ 2,510 $ 2,083 $ 4,887 $ 3,985
BASIC EARNINGS PER SHARE $ 0.34 $ 0.28 $ 0.65 $ 0.54
DILUTED EARNINGS PER SHARE 0.33 0.28 0.65 0.53
DIVIDENDS PER SHARE $ 0.17 $ 0.14 $ 0.17 $ 0.14