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Consolidated Statements Of Income And Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME    
Loans receivable, including fees $ 7,598 $ 6,145
Securities:    
Taxable 341 376
Tax-exempt 313 201
Interest bearing deposits 16 4
Total Interest Income 8,268 6,726
INTEREST EXPENSE    
Deposits 717 575
Borrowings 481 437
Subordinated debentures 321 68
Total Interest Expense 1,519 1,080
Net Interest Income 6,749 5,646
PROVISION FOR LOAN LOSSES 407 211
Net Interest Income after Provision for Loan Losses 6,342 5,435
OTHER INCOME    
Service fees on deposit accounts 253 225
ATM and debit card fees 180 187
Bank-owned life insurance 106 76
Insurance commissions and fees 1,747 1,721
Investment brokerage fees 3 27
Net gain on sales of securities 107 167
Net (loss) on disposal of premises and equipment 0 (13)
Other 81 134
Total Other Income 2,477 2,524
OTHER EXPENSES    
Salaries and employee benefits 3,558 3,353
Occupancy, net 500 424
Data processing 557 549
Furniture and equipment 240 233
Advertising and promotion 106 105
Professional fees 277 174
Director fees 107 59
FDIC assessment 51 120
Insurance 66 73
Stationary and supplies 32 52
Loan collection costs 24 32
Net expenses and write-downs related to foreclosed real estate 45 75
Other 414 361
Total Other Expenses 5,977 5,610
Income before Income Taxes 2,842 2,349
EXPENSE FOR INCOME TAXES 831 775
Net Income 2,011 1,574
OTHER COMPREHENSIVE INCOME:    
Unrealized gains on available for sale securities arising during the period 676 985
Fair value adjustments on derivatives 40 (400)
Reclassification adjustment for net gain on securities transactions included in net income (107) (167)
Income tax related to items of other comprehensive (loss) income (244) (167)
Other comprehensive income, net of income taxes 365 251
Comprehensive income $ 2,376 $ 1,825
EARNINGS PER SHARE    
Basic (usd per share) $ 0.43 $ 0.34
Diluted (usd per share) $ 0.43 $ 0.34