XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income    
Loans and leases, including fees $ 4,867 $ 3,679
Securities 43 48
FHLB and FRB stock dividends 47 22
Federal funds sold and other 147 108
Total interest and dividend income 5,104 3,857
Interest expense    
Deposits 1,042 680
FHLB advances and other debt 92 61
Subordinated debentures 59 50
Total interest expense 1,193 791
Net interest income 3,911 3,066
Provision for loan and lease losses
Net interest income after provision for loan losses 3,911 3,066
Noninterest income    
Service charges on deposit accounts 118 89
Net gains on sales of loans 308 23
Earnings on bank owned life insurance 33 33
Other 22 21
Total noninterest income 481 166
Noninterest expense    
Salaries and employee benefits 1,897 1,414
Occupancy and equipment 167 152
Data processing 231 277
Franchise and other taxes 102 91
Professional fees 250 248
Director fees 97 69
Postage, printing and supplies 49 43
Advertising and marketing 267 17
Telephone 32 32
Loan expenses 15 38
Foreclosed assets, net   7
Depreciation 59 51
FDIC premiums 88 71
Regulatory assessment 34 32
Other insurance 22 26
Other 104 52
Total noninterest expense 3,414 2,620
Income before incomes taxes 978 612
Income tax expense 186 208
Net income 792 404
Dividends on Series B preferred stock and accretion of discount (26) (214)
Net income attributable to common stockholders $ 766 $ 190
Earnings per common share:    
Basic $ 0.03 $ 0.01
Diluted $ 0.03 $ 0.01