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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Loans $ 5,465 $ 5,007 $ 10,653 $ 9,985
Securities        
US Government and agency obligations 121 125 234 264
Mortgage backed securities 77 68 143 120
Municipals - taxable 80 35 149 69
Municipals - tax exempt 10 11 21 21
Dividends 28 27 35 33
Other (Corporates) 30 3 57 9
Interest bearing deposits 17 9 32 15
Federal Funds sold 23 8 36 12
Total interest income 5,851 5,293 11,360 10,528
Deposits        
NOW, money market savings 175 139 344 275
Time Deposits 486 411 951 811
Federal Funds purchased       4
Total interest expense 711 550 1,382 1,098
Net interest income 5,140 4,743 9,978 9,430
Provision for loan losses 445 250 545 450
Net interest income after provision for loan losses 4,695 4,493 9,433 8,980
Noninterest income        
Gain on sales of loans held for sale 598 681 969 1,172
Service charges, fees and commissions 493 362 898 734
Increase in cash value of life insurance 87 65 173 130
Other 24 45 33 60
Gain on sales and calls of securities, net 52 163 62 228
Total noninterest income 1,254 1,316 2,135 2,324
Noninterest expenses        
Salaries and employee benefits 2,396 2,162 4,776 4,399
Occupancy 365 305 737 637
Equipment 438 314 786 633
Supplies 123 108 257 227
Professional, data processing, and other outside expense 697 701 1,377 1,363
Marketing 236 201 384 320
Credit expense 187 106 301 189
Other real estate expenses 24 4 36 5
FDIC insurance expense 88 91 191 183
Other 252 262 478 488
Total noninterest expenses 4,806 4,254 9,323 8,444
Income before income taxes 1,143 1,555 2,245 2,860
Income tax expense 356 504 698 922
Net Income $ 787 $ 1,051 $ 1,547 $ 1,938
Weighted average shares outstanding - basic 4,378,436 4,378,436 4,378,436 4,378,436
Weighted average shares outstanding- diluted 4,378,519 4,378,436 4,378,527 4,378,436
Earnings per common share - basic $ 0.18 $ 0.24 $ 0.35 $ 0.44
Earnings per common share - diluted $ 0.18 $ 0.24 $ 0.35 $ 0.44
Capital Notes 6% Due 4/1/2017 [Member]        
Deposits        
Capital notes       $ 8
Capital Notes 4% Due 1/24/2022 [Member]        
Deposits        
Capital notes $ 50   $ 87