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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income:        
Loans, including fees $ 2,621 $ 2,221 $ 7,429 $ 6,466
Securities:        
Taxable 80 52 219 218
Tax-exempt 27 25 84 71
Mortgage-backed securities 26 50 80 161
Other 11 10 35 21
Total interest and dividend income 2,765 2,358 7,847 6,937
Interest expense:        
Interest on deposits 482 348 1,282 1,077
Interest on short-term borrowings 23 1 64 1
Interest on long-term borrowings 218 165 631 528
Total interest expense 723 514 1,977 1,606
Net interest income 2,042 1,844 5,870 5,331
Provision for loan losses 84 45 196 135
Net interest income after provision for loan losses 1,958 1,799 5,674 5,196
Other income:        
Service fees 43 45 121 116
Fee income 34 35 137 135
Realized gain on sale of securities   36   36
Increase in cash surrender value of bank owned life insurance 16 17 47 50
Realized gain on sale of loans 650 749 1,667 1,609
Mortgage fee income 244 240 613 586
Other 44 40 134 120
Total other income 1,031 1,162 2,719 2,652
Other expense:        
Salaries and employee benefits 1,712 1,626 4,825 4,452
Occupancy 273 248 801 747
Data processing costs 80 52 250 149
Advertising 28 28 122 83
Equipment 135 153 418 451
Electronic banking 29 27 64 83
Directors' fees 65 65 195 188
Mortgage fees and taxes 43 123 114 336
FDIC premium expense 25 42 77 127
Audits and tax services 44 48 137 112
Other 243 207 763 557
Total other expenses 2,677 2,619 7,766 7,285
Income before income taxes 312 342 627 563
Provision for income taxes 110 90 174 124
Net income $ 202 $ 252 $ 453 $ 439
Earnings per common share - basic (in dollars per share) $ 0.11 $ 0.13 $ 0.24 $ 0.23