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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income        
Loans, including fees $ 4,883 $ 4,345 $ 13,776 $ 12,457
Taxable securities 189 118 544 330
Non-taxable securities 361 0 674 7
Federal funds sold 27 68 78 115
Dividends on Federal Home Loan Bank stock and other 63 55 183 151
Total interest and dividend income 5,523 4,586 15,255 13,060
Deposits        
Demand 378 144 922 331
Savings 10 9 29 28
Time 253 182 680 500
Borrowings 252 114 492 466
Total interest expense 893 449 2,123 1,325
Net interest income 4,630 4,137 13,132 11,735
Provision for loan losses 72 25 201 75
Net interest income after provision for loan losses 4,558 4,112 12,931 11,660
Noninterest income        
Service charges on deposit accounts 667 633 1,948 1,862
Realized gains on sales of loans 17 44 54 88
Other income 213 215 663 643
Total noninterest income 897 892 2,665 2,593
Noninterest expense        
Salaries and employee benefits 1,970 1,799 5,678 5,391
Net occupancy and equipment expense 515 529 1,602 1,562
Professional services 331 145 820 573
Insurance 108 91 316 230
Deposit insurance premiums 48 53 123 141
Franchise and other taxes 102 97 300 277
Advertising 138 108 400 317
Stationery and office supplies 30 24 104 93
Net realized (gain) loss on sale of other real estate and repossessions (12) 16 6 12
Other expenses 625 594 1,839 1,571
Total noninterest expense 3,855 3,456 11,188 10,167
Income before federal income taxes 1,600 1,548 4,408 4,086
Federal income taxes 269 548 717 1,320
Net income $ 1,331 $ 1,000 $ 3,691 $ 2,766
EARNINGS PER COMMON SHARE        
Basic $ 0.26 $ 0.20 $ 0.72 $ 0.56
Diluted 0.25 0.20 0.69 0.55
DIVIDENDS PER COMMON SHARE $ 0.13 $ 0.12 $ 0.39 $ 0.34