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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Shares of Common Stock
Common Stock and Additional Paid in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Total
Balance, beginning 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     1,726   1,726
Other comprehensive income (loss):          
Net unrealized gain on securities available for sale       330 330
Total comprehensive income     1,726 330 2,056
Stock compensation   100     100
Repurchase of common stock (in shares) 31,559        
Dividend on common stock     (756)   (756)
Balance, end of period at Mar. 31, 2017   61,683 18,176 150 80,009
Balance (in shares) at Mar. 31, 2017 6,294,930        
Balance, beginning of period at Dec. 31, 2017   61,981 19,711 (292) 81,400
Balance (in shares) at Dec. 31, 2017 6,294,930        
Increase (Decrease) in Shareholders' Equity          
Net income     1,537   1,537
Other comprehensive income (loss):          
Net unrealized gain on securities available for sale       (424) (424)
Total comprehensive income     1,537 (424) 1,113
Stock compensation   99     99
Restricted stock award vesting (in shares) 37,630        
Dividend on common stock     (755)   (755)
Balance, end of period at Mar. 31, 2018   $ 62,080 $ 20,493 $ (716) $ 81,857
Balance (in shares) at Mar. 31, 2018 6,332,560