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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income on:        
Loans, including fees $ 2,795 $ 2,894 $ 8,380 $ 8,701
U.S. Treasury and U.S. Government agency securities 256 211 792 636
State and municipal securities 236 260 675 836
Other 31 31 91 77
Total interest income 3,318 3,396 9,938 10,250
Interest expense on:        
Deposits 364 427 1,133 1,336
Long-term borrowings 162 161 481 479
Total interest expense 526 588 1,614 1,815
Net interest income 2,792 2,808 8,324 8,435
Provision for credit losses 116 985 233 1,285
Net interest income after provision for credit losses 2,676 1,823 8,091 7,150
Other income:        
Service charges on deposit accounts 83 113 247 320
Other fees and commissions 191 234 521 585
Other non-interest income 21 61 44 501
Income on life insurance 54 55 161 164
Gains on investment securities   200 1 669
Total other income 349 663 974 2,239
Other expenses:        
Salaries and employee benefits 1,743 1,552 4,782 4,895
Occupancy 184 190 562 595
Other expenses 1,038 913 2,992 2,853
Total other expenses 2,965 2,655 8,336 8,343
Income before income taxes 60 (169) 729 1,046
Income tax (benefit) expense (55) (177) 23 140
Net income $ 115 $ 8 $ 706 $ 906
Basic and diluted earnings per share of common stock (in dollars per share) $ 0.04 $ 0.00 $ 0.25 $ 0.33
Weighted average shares of common stock outstanding (in shares) 2,782,923 2,770,897 2,781,371 2,770,644
Dividends declared per share of common stock (in dollars per share) $ 0.10 $ 0.07 $ 0.20 $ 0.27