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Consolidated Statements of Net Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Interest and dividend income    
Loans receivable, including fees $ 23,738 $ 20,814
Securities:    
Taxable 1,615 1,662
Exempt from federal income tax 570 628
Federal bank stocks 242 186
Deposits with banks 235 135
Total interest and dividend income 26,400 23,425
Interest expense    
Deposits 3,275 2,791
Short-term borrowed funds 130 78
Long-term borrowed funds 1,088 1,076
Total interest expense 4,493 3,945
Net interest income 21,907 19,480
Provision for loan losses 903 464
Net interest income after provision for loan losses 21,004 19,016
Noninterest income    
Fees and service charges 1,749 1,616
Net gain on sales of available for sale securities 346 82
Net gain on sales of loans 248 119
Other than temporary impairment loss (508) 0
Earnings on bank-owned life insurance 412 406
Gain on bargain purchase 1,316 0
Other 1,459 1,432
Total noninterest income 5,022 3,655
Noninterest expense    
Compensation and employee benefits 9,258 8,630
Premises and equipment 2,975 2,849
Intangible asset amortization 246 226
Professional fees 841 876
Federal deposit insurance 443 416
Acquisition costs 1,119 401
Other 4,753 4,039
Total noninterest expense 19,635 17,437
Income before provision for income taxes 6,391 5,234
Provision for income taxes 2,114 1,248
Net income $ 4,277 $ 3,986
Earnings per common share    
Basic (in dollars per share) $ 1.95 $ 1.86
Diluted (in dollars per share) $ 1.93 $ 1.85