XML 15 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Net Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income    
Loans receivable, including fees $ 20,814 $ 17,578
Securities:    
Taxable 1,662 1,965
Exempt from federal income tax 628 807
Federal bank stocks 186 164
Deposits with banks 135 68
Total interest and dividend income 23,425 20,582
Interest expense    
Deposits 2,791 2,144
Short-term borrowed funds 78 87
Long-term borrowed funds 1,076 604
Total interest expense 3,945 2,835
Net interest income 19,480 17,747
Provision for loan losses 464 381
Net interest income after provision for loan losses 19,016 17,366
Noninterest income    
Fees and service charges 1,616 1,477
Net gain on sales of available for sale securities 82 854
Net gain on sales of loans 119 0
Earnings on bank-owned life insurance 406 396
Other 1,432 1,367
Total noninterest income 3,655 4,094
Noninterest expense    
Compensation and employee benefits 8,630 8,223
Premises and equipment 2,849 2,651
Intangible asset amortization 226 195
Professional fees 876 816
Federal deposit insurance 416 376
Acquisition costs 401 134
Other 4,039 3,770
Total noninterest expense 17,437 16,165
Income before provision for income taxes 5,234 5,295
Provision for income taxes 1,248 1,141
Net income 3,986 4,154
Preferred stock dividends 0 75
Net income available to common stockholders $ 3,986 $ 4,079
Earnings per common share    
Basic (in dollars per share) $ 1.86 $ 2.06
Diluted (in dollars per share) $ 1.85 $ 2.05