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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Interest and fees on loans $ 3,911 $ 3,859 $ 11,562 $ 11,981
Interest on mortgage-backed securities 310 268 847 747
Interest on investment securities 62 44 189 131
Other interest and dividend income 53 74 185 245
Total interest income 4,336 4,245 12,783 13,104
Interest Expense        
Interest on deposits 369 416 1,110 1,250
Interest on borrowings 259 344 795 1,023
Total interest expense 628 760 1,905 2,273
Net Interest Income 3,708 3,485 10,878 10,831
Provision for loan losses 70 22 175 322
Net Interest Income After Provision for Loan Losses 3,638 3,463 10,703 10,509
Other Income        
Other fees and service charges 730 700 2,061 1,986
Brokerage and insurance commissions 385 400 1,317 1,202
Gains on sales of loans and servicing rights 75 41 255 82
Net gain (loss) from sales and write-downs of other real estate owned (14) (4) (17) 3
Other real estate owned income 86 65 269 209
Increase in cash value of life insurance 182 181 541 538
Other 39 38 129 148
Total other income 1,483 1,421 4,555 4,168
Other Expense        
Salaries and employee benefits 2,462 2,403 7,288 6,974
Net occupancy expense 395 357 1,188 1,116
Furniture and equipment expense 226 202 654 575
Legal and professional fees 379 154 1,226 482
FDIC deposit insurance premiums and assessments 106 103 291 283
Data processing expense 336 262 917 746
Printing and office supplies 50 66 205 192
Marketing expense 110 134 315 352
Other real estate owned expense 131 73 376 179
Other 569 463 1,477 1,272
Total other expense 4,764 4,217 13,937 12,171
Income Before Income Taxes 357 667 1,321 2,506
Income tax 155 166 429 673
Net Income $ 202 $ 501 $ 892 $ 1,833
Basic Earnings Per Share $ 0.07 $ 0.17 $ 0.29 $ 0.61
Diluted Earnings Per Share 0.07 0.17 0.29 0.61
Dividends Declared Per Share $ 0.04 $ 0.02 $ 0.12 $ 0.06