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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME    
Loans receivable, including fees $ 7,806 $ 6,135
Securities 1,618 890
Other 10 1
Total Interest Income 9,434 7,026
INTEREST EXPENSE    
Deposits 766 581
Short-term borrowings 28 39
Other borrowings 143 231
Total interest expense 937 851
NET INTEREST INCOME 8,497 6,175
PROVISION FOR LOAN LOSSES 600 450
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,897 5,725
OTHER INCOME    
Service charges and fees 936 574
Income from fiduciary activities 106 102
Net realized gains on sales of securities 6 64
Gains on sale of loans and servicing rights, net   30
Gain on sale of deposits 209  
Earnings and proceeds on bank owned life insurance 255 167
Other 131 130
Total other income 1,643 1,067
OTHER EXPENSES    
Salaries and employee benefits 3,219 2,303
Occupancy, furniture & equipment, net 911 495
Data processing and related operations 344 271
Taxes, other than income 233 205
Professional fees 249 151
Federal Deposit Insurance Corporation insurance 95 115
Foreclosed real estate 572 31
Amortization of intangibles 41 24
Other 950 754
Total other expenses 6,614 4,349
INCOME BEFORE INCOME TAXES 2,926 2,443
INCOME TAX EXPENSE 550 567
NET INCOME $ 2,376 $ 1,876
BASIC EARNINGS PER SHARE $ 0.57 $ 0.51
DILUTED EARNINGS PER SHARE $ 0.57 $ 0.51