XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME    
Interest and fees on loans $ 12,348 $ 11,421
Interest and dividends on securities 2,100 2,007
Interest on deposits with banks and federal funds sold 245 179
Total Interest Income 14,693 13,607
INTEREST EXPENSE    
Interest on deposits 1,348 1,300
Interest on short-term borrowings 754 452
Interest on long-term borrowings   185
Total Interest Expense 2,102 1,937
Net Interest Income 12,591 11,670
Provision for loan losses 856 336
Net interest income after provision for loan losses 11,735 11,334
NONINTEREST INCOME    
Gains on redemption of BOLI policies 308  
Gain on securities sold   1
Income on life insurance 172 199
Gains on sale of OREO 15  
Other income   2
Total Noninterest Income 1,517 1,285
NONINTEREST EXPENSE    
Salary and employee benefits 6,593 6,165
Occupancy and equipment expenses 1,170 1,180
Legal, accounting and other professional fees 917 780
Data processing and item processing services 614 574
FDIC insurance costs 314 251
Advertising and marketing related expenses 104 162
Loan collection costs 145 78
Telephone costs 253 276
Other expenses 1,429 1,329
Total Noninterest Expenses 11,539 10,795
Income before income taxes 1,713 1,824
Income tax expense 130 913
NET INCOME $ 1,583 $ 911
Basic and diluted net income per share of common stock (in dollars per share) $ 0.56 $ 0.33
Service charges on deposit accounts    
NONINTEREST INCOME    
Noninterest Income $ 248 $ 281
Other fees and commissions    
NONINTEREST INCOME    
Noninterest Income $ 774 $ 802