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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income:    
Loans, including fees $ 3,246 $ 3,003
Securities 142 154
Short-term investments 7 6
Total interest and dividend income 3,395 3,163
Interest expense:    
Deposits 494 411
Short-term Federal Home Loan Bank advances 47 20
Long-term Federal Home Loan Bank advances 121 143
Total interest expense 662 574
Net interest and dividend income 2,733 2,589
Provision for loan losses 39 74
Net interest and dividend income, after provision for loan losses 2,694 2,515
Non-interest income:    
Customer service fees 165 184
Mortgage banking income, net 15 9
Gain on sale of SBA loans   15
Income from bank-owned life insurance 25 26
Other 11 8
Total non-interest income 216 242
Non-interest expenses:    
Salaries and employee benefits 1,426 1,411
Occupancy and equipment expenses 254 265
Data processing expenses 172 214
Professional fees 204 291
Merger related expenses 96  
Advertising expenses 3 87
FDIC insurance 53 44
ATM service charge expenses 34 32
Other general and administrative expenses 240 293
Total non-interest expenses 2,482 2,637
Income before income taxes 428 120
Income tax provision 150 40
Net income $ 278 $ 80
Weighted-average number of common shares outstanding:    
Basic (in shares) 1,767,231 1,754,525
Diluted (in shares) 1,805,521 1,759,031
Net income per share:    
Basic (in dollars per share) $ 0.16 $ 0.05
Diluted (in dollars per share) 0.15 0.05
Dividends paid per share (in dollars per share) $ 0.0500 $ 0.0475