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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income        
Loans and leases, including fees $ 4,225 $ 3,658 $ 11,944 $ 10,439
Securities 44 29 139 89
FHLB and FRB stock dividends 45 19 108 58
Federal funds sold and other 83 28 247 76
Total interest and dividend income 4,397 3,734 12,438 10,662
Interest expense        
Deposits 771 683 2,115 1,899
FHLB advances and other debt 68 69 195 190
Subordinated debentures 54 46 156 136
Total interest expense 893 798 2,466 2,225
Net interest income 3,504 2,936 9,972 8,437
Provision for loan and lease losses   20   230
Net interest income after provision for loan losses 3,504 2,916 9,972 8,207
Noninterest income        
Service charges on deposit accounts 106 241 290 612
Net gains on sales of loans 23 46 70 97
Earnings on bank owned life insurance 33 33 100 99
Other 33 30 78 136
Total noninterest income 195 350 538 944
Noninterest expense        
Salaries and employee benefits 1,544 1,283 4,450 3,610
Occupancy and equipment 170 149 503 432
Data processing 197 285 775 827
Franchise and other taxes 88 89 264 265
Professional fees 218 320 694 944
Director fees 76 61 218 166
Postage, printing and supplies 46 35 138 130
Advertising and promotion 48 51 97 86
Telephone 29 32 89 90
Loan expenses 45 51 124 94
Foreclosed assets, net     18 49
Depreciation 49 52 150 159
FDIC premiums 64 34 221 168
Regulatory assessment 31 3 95 59
Other insurance 21 26 70 84
Other 56 41 149 142
Total noninterest expense 2,682 2,512 8,055 7,305
Income before incomes taxes 1,017 754 2,455 1,846
Income tax expense 332 249 810 603
Net income 685 505 1,645 1,243
Dividends on Series B preferred stock and accretion of discount (214) (214) (643) (643)
Net income attributable to common stockholders $ 471 $ 291 $ 1,002 $ 600
Earnings per common share:        
Basic $ 0.03 $ 0.02 $ 0.06 $ 0.04
Diluted $ 0.03 $ 0.02 $ 0.06 $ 0.04