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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans, including fees $ 2,445 $ 2,644 $ 7,148 $ 7,486
Investment securities:        
Taxable 444 467 1,395 1,424
Tax-exempt 191 214 599 667
Federal funds sold 29 85
Interest-bearing deposits 77 42 217 128
Total interest income 3,186 3,367 9,444 9,705
Interest expense:        
Deposits 169 172 494 535
Other borrowings 4 13
Total interest expense 173 172 507 535
Net interest income 3,013 3,195 8,937 9,170
Provision for (recovery of) loan losses 37 75 (63) 200
Net interest income after provision for loan losses 2,976 3,120 9,000 8,970
Noninterest income:        
Service charges on deposits 743 711 2,046 2,044
Gain on sales of securities 201 109 201 421
Gain on sales of assets 2 2
Other operating income 271 249 1,074 827
Total noninterest income 1,217 1,069 3,323 3,292
Noninterest expense:        
Salaries and employee benefits 1,703 1,711 5,122 5,076
Net occupancy and equipment 534 526 1,515 1,551
Amortization of core deposit intangible 118 118 354
FDIC insurance 25 85 172 253
Other real estate owned, net 80 153 (56) 264
Other operating expenses 1,128 1,069 3,261 3,302
Total noninterest expense 3,470 3,662 10,132 10,800
Income before income taxes 723 527 2,191 1,462
Income tax expense 176 107 536 266
Net income 547 420 1,655 1,196
Preferred dividends 59 59 178 178
Net income available to common stockholders $ 488 $ 361 $ 1,477 $ 1,018
Net income per common share - basic (in dollars per share) $ 0.22 $ 0.16 $ 0.67 $ 0.47
Net income per common share - diluted (in dollars per share) $ 0.22 $ 0.16 $ 0.66 $ 0.46
Weighted average common outstanding shares - basic (in shares) 2,212 2,190 2,207 2,183
Weighted average common outstanding shares - diluted (in shares) 2,236 2,215 2,232 2,209