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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income    
Loans, including fees $ 4,653 $ 4,164
Securities:    
Taxable 628 621
Tax exempt 361 361
Other 57 15
Total interest income 5,699 5,161
Interest expense    
Deposits 346 248
Advances from Federal Home Loan Bank 45 55
Other 1 3
Total interest expense 392 306
Net interest income 5,307 4,855
Provision for loan losses (Note 3) 35
Net interest income after provision for loan losses 5,272 4,855
Noninterest income    
Customer service charges 1,055 974
Insurance and investment commissions 62 238
Gains on sales of loans 261 224
Gains on sales of securities 9 66
Net gain on sales of other assets 8  
Earnings on life insurance policies 94 99
Other 159 131
Total noninterest income 1,648 1,732
Noninterest expense    
Salaries and benefits 2,749 2,515
Occupancy and equipment 680 708
Data processing 534 576
Professional fees 217 229
Supplies and postage 116 101
Advertising and promotional 92 54
Other 576 486
Total noninterest expense 4,964 4,669
Income before income tax 1,956 1,918
Income tax expense 298 472
Net income $ 1,658 $ 1,446
Basic earnings per share (Note 4) (in dollars per share) $ 0.46 $ 0.4
Diluted earnings per share (Note 4) (in dollars per share) 0.46 0.4
Dividends declared per share (in dollars per share) $ 0.17 $ 0.15