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Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans $ 6,802 $ 6,773 $ 19,928 $ 19,192
Interest on investment securities 1,018 987 3,085 3,242
Total interest income 7,820 7,760 23,013 22,434
Interest expense:        
Interest on deposits 617 532 1,713 1,568
Interest on borrowings 68 55 189 115
Total interest expense 685 587 1,902 1,683
Net interest income 7,135 7,173 21,111 20,751
Provision for loan losses 373 680 1,464 1,383
Net interest income after provision for loan losses 6,762 6,493 19,647 19,368
Non-interest income:        
Service and other charges on deposit accounts 481 463 1,406 1,306
Credit insurance income 160 256 459 570
Net gain on sales and prepayments of investment securities 178 259 228 657
Other income, net 417 589 1,240 1,503
Total non-interest income 1,236 1,567 3,333 4,036
Non-interest expense:        
Salaries and employee benefits 4,370 4,334 13,048 12,734
Net occupancy and equipment 806 830 2,276 2,381
Other real estate/foreclosure expense, net 244 124 461 370
Other expense 1,770 2,060 5,305 6,184
Total non-interest expense 7,190 7,348 21,090 21,669
Income before income taxes 808 712 1,890 1,735
Provision for income taxes 173 162 435 406
Net income $ 635 $ 550 $ 1,455 $ 1,329
Basic net income per share (in dollars per share) $ 0.10 $ 0.09 $ 0.24 $ 0.22
Diluted net income per share (in dollars per share) 0.10 0.09 0.22 0.21
Dividends per share (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.06