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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 $ 2,332 $ 1,903 $ 4,307 $ 3,756
Securities        
Taxable 339 212 679 453
Tax-exempt 14 44 37 79
Other 15 8 31 12
Total interest and dividend income 2,700 2,167 5,054 4,300
Interest Expense:        
Interest-bearing deposits 342 329 688 648
Borrowed funds 116 60 169 118
Total interest expense 458 389 857 766
Net interest income 2,242 1,778 4,197 3,534
Provision for loan losses 189 52 304 103
Net interest income after provision for loan losses 2,053 1,726 3,893 3,431
Noninterest income:        
Service charges and other fees 91 65 185 124
Net gain on sale of loans 36 47 75 133
Net gain on sale of securities 1 22 9 22
Increase in cash surrender value of insurance 49 50 95 100
Other noninterest income 23 12 47 16
Total noninterest income 200 196 411 395
Noninterest expense:        
Salaries and employee benefits 1,132 1,027 2,185 2,039
Occupancy and equipment 245 260 496 546
Data processing 178 145 349 301
Foreclosed assets, net (9) 19 37 27
Professional fees 71 120 213 230
Other 199 219 411 468
Total noninterest expense 1,816 1,790 3,691 3,611
Income before income taxes 437 132 613 215
Provision for income taxes 84 21 137 23
Net income $ 353 $ 111 $ 476 $ 192
Earnings per share        
Basic (in dollars per share) $ 0.06   $ 0.07 [1]  
Diluted (in dollars per share) $ 0.06   $ 0.07 [1]  
[1] Earnings per share for the three and six months ended June 30, 2017 is not applicable because the public offering was completed in October 2017.