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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:    
Loans, including fees $ 12,201 $ 11,292
Securities 590 576
Short-term investments 19 8
Total interest and dividend income 12,810 11,876
Interest expense:    
Deposits 1,874 1,079
Short-term Federal Home Loan Bank advances 56 55
Long-term Federal Home Loan Bank advances 538 592
Total interest expense 2,468 1,726
Net interest and dividend income 10,342 10,150
Provision for loan losses 194 200
Net interest and dividend income, after provision for loan losses 10,148 9,950
Non-interest income:    
Customer service fees 689 731
Mortgage banking income, net 155 143
Gain on sale of SBA loans 15 116
Income from bank-owned life insurance 105 102
Net gain on sale of securities   60
Other 41 37
Total non-interest income 1,005 1,189
Non-interest expenses:    
Salaries and employee benefits 5,667 4,874
Occupancy and equipment expenses 1,031 1,055
Data processing expenses 687 623
Professional fees 888 530
Merger related expenses 499  
Advertising expenses 354 373
FDIC insurance 189 165
ATM service charge expenses 142 126
Other general and administrative expenses 1,085 944
Total non-interest expenses 10,542 8,690
Income before income taxes 611 2,449
Income tax provision 417 931
Net income $ 194 $ 1,518
Weighted-average number of common shares outstanding:    
Basic (in shares) 1,762,778 1,748,093
Diluted (in shares) 1,779,672 1,756,819
Net income per share:    
Basic (in dollars per share) $ 0.11 $ 0.87
Diluted (in dollars per share) 0.11 0.86
Dividends paid per share (in dollars per share) $ 0.1975 $ 0.185