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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income on:        
Loans, including fees $ 2,750 $ 2,864 $ 5,585 $ 5,807
U.S. Treasury and U.S. Government agency securities 261 215 536 425
State and municipal securities 226 274 439 576
Other 32 21 60 46
Total interest income 3,269 3,374 6,620 6,854
Interest expense on:        
Deposits 377 447 769 909
Long-term borrowings 159 160 319 318
Total interest expense 536 607 1,088 1,227
Net interest income 2,733 2,767 5,532 5,627
Provision for credit losses   150 117 300
Net interest income after provision for credit losses 2,733 2,617 5,415 5,327
Other income:        
Service charges on deposit accounts 81 102 164 207
Other fees and commissions 171 181 330 351
Other non-interest income 11 430 23 440
Income on life insurance 54 55 107 109
Gains on investment securities   270 1 469
Total other income 317 1,038 625 1,576
Other expenses:        
Salaries and employee benefits 1,534 1,675 3,039 3,343
Occupancy 180 191 378 405
Other expenses 984 1,003 1,954 1,940
Total other expenses 2,698 2,869 5,371 5,688
Income before income taxes 352 786 669 1,215
Income tax expense 44 268 78 317
Net income $ 308 $ 518 $ 591 $ 898
Basic and diluted earnings per share of common stock (in dollars per share) $ 0.11 $ 0.19 $ 0.21 $ 0.32
Weighted average shares of common stock outstanding (in shares) 2,776,546 2,767,521 2,776,053 2,767,331
Dividends declared per share of common stock (in dollars per share) $ 0.10 $ 0.10 $ 0.10 $ 0.20