XML 15 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income:    
Loans, including fees $ 14,754 $ 12,548
Federal funds sold 58 90
Investment securities:    
Taxable 1,931 2,165
Tax exempt 435 477
Dividends 83 83
Other 21 19
Total interest and dividend income 17,282 15,382
Interest expense:    
Demand and savings deposits 251 205
Certificates and other time deposits 674 686
Federal funds purchased and securities sold under agreements to repurchase 49 37
Total interest expense 974 928
Net interest income 16,308 14,454
Provision for loan losses 463 306
Net interest income after provision for loan losses 15,845 14,148
Noninterest income:    
Trust income 1,710 2,367
Customer service fees 956 894
Debit/credit card and ATM fees 825 742
Earnings/increase in value of bank owned life insurance $ 442 439
Gains on sales of assets 44
Gains on sales of securities $ 104 24
Royalty income 140 593
Fees on mortgage sales 217 76
Other 477 418
Total noninterest income 4,871 5,597
Noninterest expense:    
Salaries and employee benefits 8,869 9,305
Net occupancy 1,940 1,954
Equipment 550 531
Other 5,039 5,601
Total noninterest expense 16,398 17,391
Income before income taxes 4,318 2,354
Provision for income taxes 1,197 456
Net income $ 3,121 $ 1,898
Net income per common share, basic $ 1.23 $ 0.70
Net income per common share, diluted $ 1.23 $ 0.70