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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest and Dividend Income    
Loans, including fees $ 8,724 $ 8,125
Securities - taxable 269 473
Securities - tax exempt 99 93
Mortgage-backed securities 202 223
Other 23 6
Total Interest and Dividend Income 9,317 8,920
Interest Expense    
Deposits 1,436 1,252
Short-term borrowings 9 7
Long-term borrowings 711 736
Total Interest Expense 2,156 1,995
Net Interest Income 7,161 6,925
Provision for loan losses 180 158
Net Interest Income after Provision for loan losses 6,981 6,767
Other Income    
Service fees 157 159
Fee income 169 228
Realized gain on sale of securities 36 106
Increase in cash surrender value of bank owned life insurance 67 74
Realized gain on sale of loans 2,252 1,478
Mortgage fee income 814 632
Other 160 158
Total Other Income 3,655 2,835
Other Expense    
Salaries and employee benefits 6,095 5,372
Occupancy 1,006 1,004
Data processing costs 186 159
Advertising 125 126
Equipment 611 596
Electronic banking 115 97
Directors' fees 249 183
Mortgage fees and taxes (127) 424
FDIC premium expense 138 157
Audit and tax services 141 86
Professional services 168 105
Other 663 644
Total Other Expense 9,370 8,953
Income before Income Taxes 1,266 649
Provision for Income Taxes 328 136
Net Income $ 938 $ 513
Basic earnings per common share (in dollars per share) $ 0.49 $ 0.27