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Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 6,366,000 $ 6,520,000 $ 12,419,000 $ 12,655,000
Interest on investment securities 1,112,000 1,215,000 2,255,000 2,401,000
Total interest income 7,478,000 7,735,000 14,674,000 15,056,000
Interest expense:        
Interest on deposits 513,000 557,000 1,036,000 1,164,000
Interest on borrowings 48,000 8,000 60,000 15,000
Total interest expense 561,000 565,000 1,096,000 1,179,000
Net interest income 6,917,000 7,170,000 13,578,000 13,877,000
Provision (reduction in reserve) for loan losses 536,000 45,000 703,000 (121,000)
Net interest income after provision (reduction in reserve) for loan losses 6,381,000 7,125,000 12,875,000 13,998,000
Non-interest income:        
Service and other charges on deposit accounts 426,000 472,000 843,000 926,000
Credit insurance income 162,000 114,000 314,000 189,000
Other income, net 496,000 398,000 914,000 883,000
Net gain on sales and prepayments of investment securities 396,000 84,000 398,000 361,000
Total non-interest income 1,480,000 1,068,000 2,469,000 2,359,000
Non-interest expense:        
Salaries and employee benefits 4,236,000 4,215,000 8,400,000 8,407,000
Net occupancy and equipment 782,000 780,000 1,551,000 1,603,000
Other real estate/foreclosure expense, net 129,000 347,000 246,000 567,000
Other expense 2,108,000 1,765,000 4,124,000 3,507,000
Total non-interest expense 7,255,000 7,107,000 14,321,000 14,084,000
Income before income taxes 606,000 1,086,000 1,023,000 2,273,000
Provision for income taxes 144,000 312,000 244,000 663,000
Net income $ 462,000 $ 774,000 $ 779,000 $ 1,610,000
Basic net income per share (in dollars per share) $ 0.08 $ 0.13 $ 0.13 $ 0.26
Diluted net income per share (in dollars per share) 0.07 0.12 0.12 0.25
Dividends per share (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04