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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and Dividend Income        
Loans $ 2,933 $ 2,804 $ 8,598 $ 8,573
Securities 651 749 2,043 2,312
Dividends on Federal Home Loan Bank stock and other 43 45 132 146
Total interest and dividend income 3,627 3,598 10,773 11,031
Interest Expense        
Deposits 395 390 1,189 1,178
Other short-term borrowings 2 2 7 7
Federal Home Loan Bank advances 83 108 273 387
Total interest expense 480 500 1,469 1,572
Net Interest Income 3,147 3,098 9,304 9,459
Provision for Loan Losses 357 195 1,071 282
Net Interest Income After Provision for Loan Losses 2,790 2,903 8,233 9,177
Noninterest Income        
Gain on loan sales 80 83 142 192
Earnings on bank-owned life insurance 75 75 220 219
Service fees, charges and other operating 383 365 1,050 957
Total noninterest income 538 523 1,412 1,368
Noninterest Expense        
Salaries and employee benefits 1,635 1,524 4,794 4,542
Net occupancy and equipment expense 527 469 1,505 1,491
Federal deposit insurance premiums 69 68 197 199
Franchise taxes 68 64 201 193
Provision for impairment on foreclosed assets held for sale 22 $ 14 31 $ 14
Loss on sale of foreclosed assets held for sale $ 7 84
Loss (gain) on sale of premises and equipment $ 2 $ (7)
Amortization of intangible assets 38
Other $ 551 $ 503 $ 1,550 1,466
Total noninterest expense 2,879 2,642 8,364 7,936
Income Before Federal Income Taxes 449 784 1,281 2,609
Provision for Federal Income Taxes 77 177 226 632
Net Income 372 607 1,055 1,977
Other comprehensive income (loss):        
Unrealized gains (losses) on available-for-sale securities 235 (102) (474) 875
Tax (expense) benefit (80) 34 161 (298)
Other comprehensive income (loss) 155 (68) (313) 577
Total comprehensive income $ 527 $ 539 $ 742 $ 2,554
Basic Earnings Per Share $ 0.13 $ 0.22 $ 0.38 $ 0.71
Diluted Earnings Per Share 0.13 0.22 0.38 0.71
Dividends Per Share $ 0.09 $ 0.09 $ 0.27 $ 0.26