XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Loans $ 6,195 $ 5,465 $ 11,869 $ 10,653
Securities        
US Government and agency obligations 186 121 384 234
Mortgage backed securities 66 77 134 143
Municipals - taxable 83 80 162 149
Municipals - tax exempt   10 3 21
Dividends 23 28 31 35
Other (Corporates) 24 30 47 57
Interest bearing deposits 56 17 91 32
Federal Funds sold 92 23 159 36
Total interest income 6,725 5,851 12,880 11,360
Deposits        
NOW, money market savings 231 175 423 344
Time Deposits 625 486 1,206 951
FHLB borrowings 16   17  
Total interest expense 922 711 1,746 1,382
Net interest income 5,803 5,140 11,134 9,978
Provision for loan losses 315 445 337 545
Net interest income after provision for loan losses 5,488 4,695 10,797 9,433
Noninterest income        
Gain on sales of loans held for sale 873 598 1,493 969
Service charges, fees and commissions 465 443 929 828
Increase in cash value of life insurance 85 87 170 173
Other 18 24 35 33
Gain on sales and calls of securities, net   52   62
Total noninterest income 1,441 1,204 2,627 2,065
Noninterest expenses        
Salaries and employee benefits 2,832 2,396 5,545 4,776
Occupancy 360 365 755 737
Equipment 398 438 777 786
Supplies 140 123 289 257
Professional, data processing, and other outside expenses 837 697 1,652 1,377
Marketing 187 236 327 384
Credit expense 112 137 237 231
Other real estate expenses 86 24 126 36
FDIC insurance expense 99 88 200 191
Other 255 252 495 478
Total noninterest expenses 5,306 4,756 10,403 9,253
Income before income taxes 1,623 1,143 3,021 2,245
Income tax expense 323 356 598 698
Net Income $ 1,300 $ 787 $ 2,423 $ 1,547
Weighted average shares outstanding - basic 4,378,436 4,378,436 4,378,436 4,378,436
Weighted average shares outstanding- diluted 4,378,436 4,378,519 4,378,481 4,378,527
Earnings per common share - basic $ 0.30 $ 0.18 $ 0.55 $ 0.35
Earnings per common share - diluted $ 0.30 $ 0.18 $ 0.55 $ 0.35
Capital Notes 4% Due 1/24/2022 [Member]        
Deposits        
Capital notes $ 50 $ 50 $ 100 $ 87