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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income    
Loans $ 15,325 $ 15,603
Securities    
Taxable 327 259
Tax-exempt 157 254
Federal funds sold 61 72
Dividends on Federal Home Loan Bank and other stock 212 189
Total interest and dividend income 16,082 16,377
Interest Expense    
Deposits 1,005 1,181
Borrowings 1,278 1,286
Total interest expense 2,283 2,467
Net Interest Income 13,799 13,910
Provision for Loan Losses 553 888
Net Interest Income After Provision for Loan Losses 13,246 13,022
Noninterest income    
Customer service fees 2,876 2,750
Net gains on loan sales 42 30
Realized gains on sales of available-for-sale securities 32 27
Earnings on bank-owned life insurance 426 416
BOLI benefit in excess of surrender value 29 35
Realized gains on sales of real estate and other repossessed assets 0 26
Other 397 414
Total noninterest income 3,802 3,698
Noninterest Expense    
Salaries and employee benefits 6,393 6,568
Net occupancy and equipment expense 1,918 1,971
Provision for losses on foreclosed real estate 60 98
Professional fees 679 749
Insurance 253 297
Deposit insurance premiums 236 253
Franchise and other taxes 287 266
Marketing expense 300 417
Printing and office supplies 142 185
Amortization of intangible assets 66 119
Realized losses on sale of real estate and other repossessed assets 12 0
Other 2,144 2,223
Total noninterest expense 12,490 13,146
Income Before Federal Income Taxes 4,558 3,574
Provision for Federal Income Taxes 1,334 923
Net Income $ 3,224 $ 2,651
Basic Earnings Per Share $ 0.65 $ 0.54
Diluted Earnings Per Share $ 0.64 $ 0.53