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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans receivable $ 6,374 $ 6,913 $ 18,895 $ 19,743
Securities available for sale - taxable 1,237 1,562 4,953 5,035
Securities available for sale - nontaxable 398 514 1,267 1,589
Interest-earning deposits 3 5 11 19
Total interest income 8,012 8,994 25,126 26,386
Interest expense:        
Deposits 1,246 1,354 3,751 4,313
Advances from Federal Home Loan Bank 71 430 206 1,292
Repurchase agreements 130 228 368 722
Subordinated debentures 186 174 553 551
Total interest expense 1,633 2,186 4,878 6,878
Net interest income 6,379 6,808 20,248 19,508
Provision for loan losses 275 (892) 760 (773)
Net interest income after provision for loan losses 6,104 7,700 19,488 20,281
Non-interest income:        
Service charges 750 879 2,184 2,505
Merchant card income 286 265 842 800
Mortgage origination revenue 345 316 865 507
Gain on sale of securities 103 294 552 548
Income from bank owned life insurance 108 65 252 226
Financial services commission 186 363 539 737
Other operating income 158 211 483 613
Total non-interest income 1,936 2,393 5,717 5,936
Non-interest expenses:        
Salaries and benefits 3,960 3,881 12,148 11,368
Occupancy 788 781 2,278 2,498
Data processing 724 730 2,117 2,194
Franchise and deposit tax 260 346 759 990
Intangible amortization   16 32 81
Professional services 380 397 1,177 1,025
Deposit insurance and examination 135 182 403 562
Advertising 337 368 983 1,023
Postage and communications 162 140 428 423
Supplies 107 156 364 459
Loss (gain) on real estate owned (18) 35 716 160
Real estate owned 202 (29) 406 193
Other operating 516 560 1,446 1,358
Total non-interest expense 7,553 7,563 23,257 22,334
Income before income tax 487 2,530 1,948 3,883
Income tax expense (benefit) (23) 577 200 651
Net income $ 510 $ 1,953 $ 1,748 $ 3,232
Net income per share:        
Basic $ 0.08 $ 0.27 $ 0.27 $ 0.44
Diluted 0.08 0.27 0.27 0.44
Dividend per share $ 0.04 $ 0.04 $ 0.12 $ 0.12
Weighted average shares outstanding - basic 6,359,556 7,265,597 6,493,449 7,348,708
Weighted average shares outstanding - diluted 6,359,556 7,265,597 6,493,449 7,348,708