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Consolidated Statements of Net Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income:    
Loans receivable, including fees $ 6,337 $ 5,565
Securities:    
Taxable 408 395
Exempt from federal income tax 152 143
Federal bank stocks 64 53
Interest earning deposits with banks 33 16
Total interest and dividend income 6,994 6,172
Interest expense:    
Deposits 991 703
Borrowed funds 158 313
Total interest expense 1,149 1,016
Net interest income 5,845 5,156
Provision for loan losses 380 162
Net interest income after provision for loan losses 5,465 4,994
Noninterest income:    
Fees and service charges 437 408
Net realized loss on sales of securities (29) 0
Net gain on sales of loans 22 6
Earnings on bank-owned life insurance 104 101
Other 365 341
Total noninterest income 899 856
Noninterest expense:    
Compensation and employee benefits 2,453 2,323
Premises and equipment 770 758
Intangible asset amortization 69 60
Professional fees 216 202
Federal deposit insurance 137 108
Other 1,091 1,170
Total noninterest expense 4,736 4,621
Income before provision for income taxes 1,628 1,229
Provision for income taxes 266 273
Net income $ 1,362 $ 956
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.44
Diluted earnings per common share (in dollars per share) $ 0.60 $ 0.44
Average common shares outstanding - basic (in shares) 2,271,139 2,152,358
Average common shares outstanding - diluted (in shares) 2,285,315 2,168,014