XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME    
Interest and fees on loans $ 11,421 $ 11,190
Interest and dividends on securities 2,007 1,972
Interest on deposits with banks and federal funds sold 179 119
Total Interest Income 13,607 13,281
INTEREST EXPENSE    
Interest on deposits 1,300 1,481
Interest on short-term borrowings 452  
Interest on long-term borrowings 185 642
Total Interest Expense 1,937 2,123
Net Interest Income 11,670 11,158
Provision for loan losses 336 868
Net interest income after provision for loan losses 11,334 10,290
NONINTEREST INCOME    
Service charges on deposit accounts 281 323
Other fees and commissions 802 641
Gain on securities sold 1 2
Income on life insurance 199 215
Other income 2 399
Total Noninterest Income 1,285 1,580
NONINTEREST EXPENSE    
Salary and employee benefits 6,165 6,212
Occupancy and equipment expenses 1,180 1,063
Legal, accounting and other professional fees 895 757
Data processing and item processing services 574 706
FDIC insurance costs 251 288
Advertising and marketing related expenses 162 78
Loan collection costs 78 203
Telephone costs 276 192
Other expenses 1,214 1,353
Total Noninterest Expenses 10,795 10,852
Income before income taxes 1,824 1,018
Income tax expense (benefit) 913 (83)
NET INCOME $ 911 $ 1,101
Basic and diluted net income per share of common stock (in dollars per share) $ 0.33 $ 0.40