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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest Income        
Loans $ 6,460 $ 5,683 $ 18,329 $ 16,336
Securities        
US Government and agency obligations 187 131 571 365
Mortgage backed securities 62 71 196 214
Municipals - taxable 81 81 243 230
Municipals - tax exempt 2 7 5 28
Dividends 9 7 40 42
Other (Corporates) 23 24 70 81
Interest bearing deposits 60 21 151 53
Federal Funds sold 96 45 255 81
Total interest income 6,980 6,070 19,860 17,430
Deposits        
NOW, money market savings 261 186 684 530
Time Deposits 679 537 1,885 1,488
FHLB borrowings     17  
Reverse repurchase agreements   13   13
Total interest expense 990 786 2,736 2,168
Net interest income 5,990 5,284 17,124 15,262
Provision for loan losses 190 200 527 745
Net interest income after provision for loan losses 5,800 5,084 16,597 14,517
Noninterest income        
Gain on sales of loans held for sale 767 694 2,260 1,663
Service charges, fees and commissions 547 479 1,476 1,377
Increase in cash value of life insurance 86 86 256 259
Other 20 9 55 42
Gain on sales and calls of securities, net   51   113
Total noninterest income 1,420 1,319 4,047 3,454
Noninterest expenses        
Salaries and employee benefits 2,853 2,538 8,398 7,314
Occupancy 388 390 1,143 1,127
Equipment 414 360 1,191 1,146
Supplies 124 133 413 390
Professional, data processing, and other outside expenses 761 735 2,413 2,112
Marketing 165 212 492 596
Credit expense 241 155 478 456
Other real estate expenses 110 42 236 78
FDIC insurance expense 99 94 299 285
Other 310 255 805 733
Total noninterest expenses 5,465 4,914 15,868 14,237
Income before income taxes 1,755 1,489 4,776 3,734
Income tax expense 351 474 949 1,172
Net Income $ 1,404 $ 1,015 $ 3,827 $ 2,562
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 4,378,466 4,378,524
Earnings per common share - basic $ 0.32 $ 0.23 $ 0.87 $ 0.59
Earnings per common share - diluted $ 0.32 $ 0.23 $ 0.87 $ 0.59
Capital Notes 4% Due 1/24/2022 [Member]        
Deposits        
Capital notes $ 50 $ 50 $ 150 $ 137