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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Interest and fees on loans $ 3,883 $ 4,008 $ 7,651 $ 8,122
Interest on mortgage-backed securities 269 257 537 479
Interest on investment securities 64 43 127 87
Other interest and dividend income 62 77 132 171
Total interest income 4,278 4,385 8,447 8,859
Interest Expense        
Interest on deposits 368 414 741 834
Interest on borrowings 263 341 536 679
Total interest expense 631 755 1,277 1,513
Net Interest Income 3,647 3,630 7,170 7,346
Provision for loan losses   150 105 300
Net Interest Income After Provision for Loan Losses 3,647 3,480 7,065 7,046
Other Income        
Other fees and service charges 697 698 1,331 1,286
Brokerage and insurance commissions 365 384 932 802
Gains on sales of loans and servicing rights 125 25 180 41
Net gain (loss) from sales and write-downs of other real estate owned (35) 7 (3) 7
Other real estate owned income 119 57 183 144
Increase in cash value of life insurance 182 175 359 357
Other 60 37 90 110
Total other income 1,513 1,383 3,072 2,747
Other Expense        
Salaries and employee benefits 2,470 2,316 4,826 4,571
Net occupancy expense 337 339 793 759
Furniture and equipment expense 218 184 428 373
Legal and professional fees 666 166 847 328
FDIC deposit insurance premiums and assessments 94 91 185 180
Data processing expense 301 251 581 484
Printing and office supplies 79 61 155 126
Marketing expense 113 109 205 218
Other real estate owned expense 121 67 245 106
Other 456 453 908 809
Total other expense 4,855 4,037 9,173 7,954
Income Before Income Taxes 305 826 964 1,839
Income tax 117 223 274 507
Net Income $ 188 $ 603 $ 690 $ 1,332
Basic Earnings Per Share $ 0.06 $ 0.20 $ 0.23 $ 0.45
Diluted Earnings Per Share 0.06 0.20 0.23 0.45
Dividends Declared Per Share $ 0.04 $ 0.02 $ 0.08 $ 0.04