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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest and dividend income:        
Loans, including fees $ 2,340 $ 2,092 $ 6,685 $ 6,504
Securities 125 72 263 218
Short-term investments 2 16 5 35
Total interest and dividend income 2,467 2,180 6,953 6,757
Interest expense:        
Deposits 146 190 419 703
Short-term Federal Home Loan Bank advances 14   26  
Long-term Federal Home Loan Bank advances 129 189 421 624
Securities sold under agreements to repurchase       1
Total interest expense 289 379 866 1,328
Net interest and dividend income 2,178 1,801 6,087 5,429
Provision for loan losses 244 67 407 162
Net interest and dividend income, after provision for loan losses 1,934 1,734 5,680 5,267
Non-interest income:        
Customer service fees 141 144 422 411
Mortgage banking income, net 41 424 696 712
Income from bank-owned life insurance 26 26 75 75
Net (loss) gain on sale of other real estate owned (4) 19 18 19
Other 37 3 96 11
Total non-interest income 241 616 1,307 1,228
Non-interest expenses:        
Salaries and employee benefits 1,124 1,065 3,555 3,154
Occupancy and equipment expenses 222 228 664 659
Data processing expenses 117 161 465 406
Professional fees 102 96 321 310
Advertising expenses 76 101 226 284
FDIC insurance 31 41 106 118
Other general and administrative expenses 252 266 825 737
Total non-interest expenses 1,924 1,958 6,162 5,668
Income before income taxes 251 392 825 827
Income tax provision 83 148 299 295
Net income $ 168 $ 244 $ 526 $ 532
Weighted-average number of common shares outstanding:        
Basic (in shares) 1,781,959 1,835,273 1,818,040 1,890,379
Diluted (in shares) 1,784,492 1,835,273 1,823,016 1,890,379
Earnings per share:        
Basic (in dollars per share) $ 0.09 $ 0.13 $ 0.29 $ 0.28
Diluted (in dollars per share) $ 0.09 $ 0.13 $ 0.29 $ 0.28