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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income        
Loans and leases, including fees $ 3,658 $ 3,073 $ 10,439 $ 9,063
Securities 29 31 89 100
FHLB stock dividends 19 19 58 58
Federal funds sold and other 28 16 76 49
Total interest and dividend income 3,734 3,139 10,662 9,270
Interest expense        
Deposits 683 585 1,899 1,628
FHLB advances and other debt 69 59 190 174
Subordinated debentures 46 41 136 122
Total interest expense 798 685 2,225 1,924
Net interest income 2,936 2,454 8,437 7,346
Provision for loan and lease losses 20 50 230 200
Net interest income after provision for loan losses 2,916 2,404 8,207 7,146
Noninterest income        
Service charges on deposit accounts 241 127 612 359
Net gains on sales of loans 46 64 97 357
Net loss on sales of securities       (12)
Earnings on bank owned life insurance 33 33 99 98
Other 30 100 136 341
Total noninterest income 350 324 944 1,143
Noninterest expense        
Salaries and employee benefits 1,283 1,167 3,610 3,604
Occupancy and equipment 149 129 432 402
Data processing 285 269 827 786
Franchise and other taxes 89 79 265 240
Professional fees 320 230 944 676
Director fees 61 33 166 99
Postage, printing and supplies 35 41 130 171
Advertising and promotion 51 35 86 125
Telephone 32 30 90 86
Loan expenses 51 110 94 153
Foreclosed assets, net   18 49 92
Depreciation 52 53 159 157
FDIC premiums 34 106 168 313
Regulatory assessment 3 30 59 128
Other insurance 26 30 84 91
Other 41 38 142 118
Total noninterest expense 2,512 2,398 7,305 7,241
Income before incomes taxes 754 330 1,846 1,048
Income tax expense 249 603
Net income 505 330 1,243 1,048
Dividends on Series B preferred stock and accretion of discount (214) (214) (643) (643)
Net income attributable to common stockholders $ 291 $ 116 $ 600 $ 405
Earnings per common share:        
Basic $ 0.02 $ 0.01 $ 0.04 $ 0.03
Diluted $ 0.02 $ 0.01 $ 0.04 $ 0.03