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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income        
Loans, including fees $ 4,095 $ 4,037 $ 8,112 $ 7,917
Taxable securities 109 71 212 152
Non-taxable securities 1 22 7 49
Federal funds sold 36 16 47 23
Dividends on Federal Home Loan Bank stock and other 49 41 96 84
Total interest and dividend income 4,290 4,187 8,474 8,225
Deposits        
Demand 115 29 187 57
Savings 10 9 19 18
Time 170 149 318 313
Borrowings 143 250 352 524
Total interest expense 438 437 876 912
Net interest income 3,852 3,750 7,598 7,313
Provision for loan losses 25 105 50 176
Net interest income after provision for loan losses 3,827 3,645 7,548 7,137
Noninterest income        
Service charges on deposit accounts 632 668 1,229 1,301
Realized gains on sales of loans 29 27 44 43
Other income 208 207 428 425
Total noninterest income 869 902 1,701 1,769
Noninterest expense        
Salaries and employee benefits 1,824 1,700 3,592 3,350
Net occupancy and equipment expense 510 433 1,033 881
Professional services 194 181 395 380
Insurance 72 55 139 105
Deposit insurance premiums 44 43 88 106
Franchise and other taxes 96 84 180 168
Advertising 100 66 209 151
Stationery and office supplies 33 28 69 57
Net realized (gain) loss on sale of other real estate and repossessions (4) 10 (4) 10
Other expenses 496 651 998 1,185
Total noninterest expense 3,365 3,251 6,699 6,393
Income before federal income taxes 1,331 1,296 2,550 2,513
Federal income taxes 415 389 784 762
Net income $ 916 $ 907 $ 1,766 $ 1,751
EARNINGS PER COMMON SHARE        
Basic $ 0.18 $ 0.18 $ 0.35 $ 0.35
Diluted 0.18 0.18 0.35 0.35
DIVIDENDS PER COMMON SHARE $ 0.11 $ 0.1 $ 0.22 $ 0.2