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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income:        
Loans, including fees $ 2,454 $ 2,161 $ 4,808 $ 4,245
Securities:        
Taxable 70 68 139 166
Tax-exempt 28 23 57 46
Mortgage-backed securities 24 53 54 111
Other 20 7 24 11
Total interest and dividend income 2,596 2,312 5,082 4,579
Interest expense:        
Interest on deposits 429 367 800 729
Interest on short-term borrowings 24 41
Interest on long-term borrowings 210 179 413 363
Total interest expense 663 546 1,254 1,092
Net interest income 1,933 1,766 3,828 3,487
Provision for loan losses 60 45 112 90
Net interest income after provision for loan losses 1,873 1,721 3,716 3,397
Other income:        
Service fees 38 38 78 71
Fee income 68 34 103 100
Increase in cash surrender value of bank owned life insurance 16 16 31 33
Realized gain on sale of loans 691 512 1,017 860
Mortgage fee income 197 176 369 346
Other 42 43 90 80
Total other income 1,052 819 1,688 1,490
Other expense:        
Salaries and employee benefits 1,589 1,470 3,113 2,826
Occupancy 259 245 528 499
Data processing costs 89 47 170 97
Advertising 51 25 94 55
Equipment 140 146 283 298
Electronic banking 28 30 35 56
Directors' fees 58 57 130 123
Mortgage fees and taxes 47 122 71 213
FDIC premium expense 26 43 52 85
Audits and tax services 41 30 93 64
Other 265 173 520 350
Total other expenses 2,593 2,388 5,089 4,666
Income before income taxes 332 152 315 221
Provision for income taxes 92 42 64 34
Net income $ 240 $ 110 $ 251 $ 187
Earnings per common share - basic (in dollars per share) $ 0.13 $ 0.06 $ 0.13 $ 0.10