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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income:    
Loans, including fees $ 11,292 $ 10,592
Securities 576 576
Short-term investments 8 6
Total interest and dividend income 11,876 11,174
Interest expense:    
Deposits 1,079 838
Short-term Federal Home Loan Bank advances 55 61
Long-term Federal Home Loan Bank advances 592 549
Total interest expense 1,726 1,448
Net interest and dividend income 10,150 9,726
Provision for loan losses 200 98
Net interest and dividend income, after provision for loan losses 9,950 9,628
Non-interest income:    
Customer service fees 731 661
Mortgage banking income, net 143 278
Gain on sale of SBA loans 116  
Income from bank-owned life insurance 102 101
Net gain on sale of securities 60  
Net gain on sale of other real estate owned   8
Other 37 26
Total non-interest income 1,189 1,074
Non-interest expenses:    
Salaries and employee benefits 4,874 4,678
Occupancy and equipment expenses 1,055 1,009
Data processing expenses 623 569
Professional fees 530 482
Advertising expenses 373 337
FDIC insurance 165 168
Other general and administrative expenses 1,070 1,130
Total non-interest expenses 8,690 8,373
Income before income taxes 2,449 2,329
Income tax provision 931 850
Net income $ 1,518 $ 1,479
Weighted-average number of common shares outstanding:    
Basic (in shares) 1,748,093 1,739,093
Diluted (in shares) 1,756,819 1,744,521
Earnings per share:    
Basic (in dollars per share) $ 0.87 $ 0.85
Diluted (in dollars per share) 0.86 0.85
Cash dividend paid (in dollars per share) $ 0.185 $ 0.1675