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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Shares of Common Stock
Common Stock and Additional Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Balance, beginning of period at Dec. 31, 2015   $ 61,133 $ 15,221 $ 248 $ 76,602
Balance (in shares) at Dec. 31, 2015 6,217,620        
Increase (Decrease) in Shareholders' Equity          
Net income for period     2,785   2,785
Other comprehensive income          
Net unrealized gain on securities available for sale       489 489
Total comprehensive income     2,785 489 3,274
Stock compensation   450     450
Restricted stock award vesting (in shares) 59,751        
Repurchase of common stock   (150)     (150)
Repurchase of common stock (in shares) (14,000)        
Dividend on common stock     (1,891)   (1,891)
Balance, end of period at Sep. 30, 2016   61,433 16,115 737 78,285
Balance (in shares) at Sep. 30, 2016 6,263,371        
Balance, beginning of period at Dec. 31, 2015   61,133 15,221 248 76,602
Balance (in shares) at Dec. 31, 2015 6,217,620        
Other comprehensive income          
Repurchase of common stock (in shares) (14,000)        
Balance, end of period at Dec. 31, 2016   61,583 17,206 (180) 78,609
Balance (in shares) at Dec. 31, 2016 6,263,371        
Increase (Decrease) in Shareholders' Equity          
Net income for period     5,499   5,499
Other comprehensive income          
Net unrealized gain on securities available for sale       509 509
Total comprehensive income     5,499 509 6,008
Stock compensation   298     298
Restricted stock award vesting (in shares) 31,559        
Dividend on common stock     (2,266)   (2,266)
Balance, end of period at Sep. 30, 2017   $ 61,881 $ 20,439 $ 329 $ 82,649
Balance (in shares) at Sep. 30, 2017 6,294,930