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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Loans, including fees $ 3,023 $ 2,621 $ 8,736 $ 7,429
Securities:        
Taxable 105 80 296 219
Tax-exempt 26 27 78 84
Mortgage-backed securities 28 26 103 80
Other 14 11 35 35
Total interest and dividend income 3,196 2,765 9,248 7,847
Interest expense:        
Interest on deposits 689 482 1,855 1,282
Interest on short-term borrowings 43 23 127 64
Interest on long-term borrowings 328 218 841 631
Total interest expense 1,060 723 2,823 1,977
Net interest income 2,136 2,042 6,425 5,870
Provision for loan losses 75 84 225 196
Net interest income after provision for loan losses 2,061 1,958 6,200 5,674
Other income:        
Increase in cash surrender value of bank owned life insurance 16 16 46 47
Realized gain on sale of loans 461 650 1,098 1,667
Mortgage fee income 218 244 588 613
Other 47 44 151 134
Total other income 816 1,031 2,099 2,719
Other expense:        
Salaries and employee benefits 1,711 1,712 4,903 4,825
Occupancy 268 273 822 801
Data processing costs 119 80 323 250
Advertising 24 28 116 122
Equipment 129 135 412 418
Electronic banking 26 29 84 64
Directors' fees 46 65 151 195
Mortgage fees and taxes 229 78 344 198
FDIC premium expense 31 25 81 77
Audits and tax services 70 44 165 137
Other 283 243 782 763
Total other expenses 2,936 2,712 8,183 7,850
Income (loss) before income taxes (59) 277 116 543
Provision (benefit) for income taxes (9) 98 24 145
Net income (loss) $ (50) $ 179 $ 92 $ 398
Earnings (loss) per common share - basic and diluted (in dollars per share) $ (0.03) $ 0.09 $ 0.05 $ 0.21
Service fees        
Other income:        
Other income including Service fees and Fee income $ 38 $ 43 $ 107 $ 121
Fee income        
Other income:        
Other income including Service fees and Fee income $ 36 $ 34 $ 109 $ 137