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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income        
Loans, including fees $ 4,037 $ 3,822 $ 7,917 $ 7,504
Taxable securities 71 98 152 162
Non-taxable securities 22 39 49 86
Federal funds sold 16 20 23 37
Dividends on Federal Home Loan Bank stock and other 41 61 84 110
Total interest and dividend income 4,187 4,040 8,225 7,899
Deposits        
Demand 29 28 57 55
Savings 9 8 18 16
Time 149 226 313 456
Borrowings 250 320 524 636
Total interest expense 437 582 912 1,163
Net interest income 3,750 3,458 7,313 6,736
Provision for loan losses 105 145 176 261
Net interest income after provision for loan losses 3,645 3,313 7,137 6,475
Noninterest income        
Service charges on deposit accounts 668 711 1,301 1,410
Realized gains on sales of loans 27 18 43 29
Realized gain on sales of available-for-sale securities 0 11 0 31
Realized gains on sales of real estate and other repossessed assets 0 2 0 2
Other income 207 193 425 405
Total noninterest income 902 935 1,769 1,877
Noninterest expense        
Salaries and employee benefits 1,700 1,575 3,350 3,170
Net occupancy and equipment expense 433 503 881 994
Professional services 181 177 380 368
Insurance 55 59 105 126
Deposit insurance premiums 43 51 106 114
Franchise and other taxes 84 73 168 140
Advertising 66 85 151 169
Stationery and office supplies 28 32 57 77
Amortization of intangible asset 0 29 0 59
Net realized loss on sale of other real estate and repossessions 10 0 10 0
Other expenses 651 528 1,185 1,029
Total noninterest expense 3,251 3,112 6,393 6,246
Income before federal income taxes 1,296 1,136 2,513 2,106
Federal income taxes 389 331 762 607
Net income $ 907 $ 805 $ 1,751 $ 1,499
EARNINGS PER COMMON SHARE        
Basic $ 0.18 $ 0.16 $ 0.35 $ 0.3
Diluted 0.18 0.16 0.35 0.3
DIVIDENDS PER COMMON SHARE $ 0.1 $ 0.09 $ 0.2 $ 0.18