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Consolidated Statements of Net Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income:    
Loans receivable, including fees $ 5,565 $ 4,702
Securities:    
Taxable 395 434
Exempt from federal income tax 143 159
Federal bank stocks 53 34
Interest earning deposits with banks 16 20
Total interest and dividend income 6,172 5,349
Interest expense:    
Deposits 703 588
Borrowed funds 313 244
Total interest expense 1,016 832
Net interest income 5,156 4,517
Provision for loan losses 162 181
Net interest income after provision for loan losses 4,994 4,336
Noninterest income:    
Fees and service charges 408 345
Net gain on sales of available for sale securities 0 2
Net gain on sales of loans 6 0
Earnings on bank-owned life insurance 101 98
Other 341 335
Total noninterest income 856 780
Noninterest expense:    
Compensation and employee benefits 2,323 2,048
Premises and equipment 758 685
Intangible asset amortization 60 49
Professional fees 202 183
Federal deposit insurance 108 93
Acquisition costs 0 309
Other 1,170 651
Total noninterest expense 4,621 4,018
Income before provision for income taxes 1,229 1,098
Provision for income taxes 273 296
Net income $ 956 $ 802
Basic earnings per common share (in dollars per share) $ 0.44 $ 0.37
Diluted earnings per common share (in dollars per share) $ 0.44 $ 0.37
Average common shares outstanding - basic (in shares) 2,152,358 2,144,808
Average common shares outstanding - diluted (in shares) 2,168,014 2,153,625