XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Loans, including fees $ 2,887 $ 2,454 $ 5,713 $ 4,808
Securities:        
Taxable 97 70 191 139
Tax-exempt 26 28 52 57
Mortgage-backed securities 35 24 75 54
Other 11 20 21 24
Total interest and dividend income 3,056 2,596 6,052 5,082
Interest expense:        
Interest on deposits 603 429 1,166 800
Interest on short-term borrowings 37 24 84 41
Interest on long-term borrowings 279 210 513 413
Total interest expense 919 663 1,763 1,254
Net interest income 2,137 1,933 4,289 3,828
Provision for loan losses 75 60 150 112
Net interest income after provision for loan losses 2,062 1,873 4,139 3,716
Other income:        
Increase in cash surrender value of bank owned life insurance 15 16 30 31
Realized gain on sale of loans 289 691 637 1,017
Mortgage fee income 196 197 370 369
Other 44 42 104 90
Total other income 615 1,052 1,283 1,688
Other expense:        
Salaries and employee benefits 1,565 1,589 3,192 3,113
Occupancy 273 259 554 528
Data processing costs 103 89 204 170
Advertising 59 51 92 94
Equipment 140 140 283 283
Electronic banking 27 28 58 35
Directors' fees 47 58 105 130
Mortgage fees and taxes 63 72 115 120
FDIC premium expense 24 26 50 52
Audits and tax services 46 41 95 93
Other 247 265 499 520
Total other expenses 2,594 2,618 5,247 5,138
Income before income taxes 83 307 175 266
Provision for income taxes 15 83 33 47
Net income $ 68 $ 224 $ 142 $ 219
Earnings per common share - basic and diluted (in dollars per share) $ 0.04 $ 0.12 $ 0.07 $ 0.11
Service fees        
Other income:        
Other income including Service fees and Fee income $ 37 $ 38 $ 69 $ 78
Fee income        
Other income:        
Other income including Service fees and Fee income $ 34 $ 68 $ 73 $ 103