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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest Income    
Loans $ 20,481 $ 19,377
Securities    
US Government and agency obligations 479 570
Mortgage backed securities 201 95
Municipals - taxable 199 108
Municipals - tax exempt 41 42
Dividends 67 67
Other (Corporates) 35 11
Interest bearing deposits 31 14
Federal Funds sold 34 18
Total interest income 21,568 20,302
Deposits    
NOW, money market savings 590 509
Time Deposits 1,742 1,552
Federal Funds purchased 4 2
FHLB borrowings   28
Capital notes 8 600
Total interest expense 2,344 2,691
Net interest income 19,224 17,611
Provision for loan losses 1,612 282
Net interest income after provision for loan losses 17,612 17,329
Noninterest income    
Gain on sales of loans held for sale 2,433 2,278
Service charges, fees and commissions 1,444 1,390
Increase in cash value of life insurance 292 269
Other 132 207
Gain on sales and calls of securities, net 494 49
Total noninterest income 4,795 4,193
Noninterest expenses    
Salaries and employee benefits 9,230 8,727
Occupancy 1,312 1,204
Equipment 1,287 1,275
Supplies 480 419
Professional, data processing, and other outside expense 2,731 2,218
Marketing 686 465
Credit expense 425 301
Other real estate expenses 68 122
FDIC insurance expense 363 331
Other 1,012 1,003
Amortization of tax credit investment   114
Total non-interest expenses 17,594 16,179
Income before income taxes 4,813 5,343
Income tax expense 1,527 1,651
Net Income $ 3,286 $ 3,692
Weighted average shares outstanding - basic and diluted 4,378,436 3,451,409
Earnings per common share - basic $ 0.75 $ 1.07
Earnings per common share - diluted $ 0.75 $ 1.07