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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income:    
Loans receivable $ 6,465 $ 6,290
Investment in securities, taxable 1,247 2,448
Investment in securities, non-taxable 353 453
Interest-earning deposits 16 4
Total interest and dividend income 8,081 9,195
Interest expense:    
Deposits 1,095 1,260
Advances from Federal Home Loan Bank 73 69
Repurchase agreements 143 120
Subordinated debentures 94 184
Total interest expense 1,405 1,633
Net interest income 6,676 7,562
Provision for loan losses 458 215
Net interest income after provision for loan losses 6,218 7,347
Non-interest income:    
Service charges 677 714
Merchant card income 291 270
Mortgage origination revenue 368 177
Gain on sale of securities 291 366
Income from bank owned life insurance 84 71
Financial services commission 133 159
Other operating income 176 156
Total non-interest income 2,020 1,913
Non-interest expenses:    
Salaries and benefits 3,988 4,184
Occupancy expense 787 738
Data processing expense 727 692
Other state taxes 248 248
Intangible amortization expense   16
Professional services expense 335 329
Deposit insurance and examination expense 173 117
Advertising expense 320 306
Postage and communications expense 155 132
Supplies expense 149 146
Loss (Gain) on sale of real estate owned 9 (7)
Real estate owned expenses 59 137
Other operating expenses 733 432
Total non-interest expense 7,683 7,470
Income before income tax expense 555 1,790
Income tax expense 46 435
Net income $ 509 $ 1,355
Net income per share    
Basic $ 0.08 $ 0.20
Fully diluted 0.08 0.20
Dividend per share $ 0.04 $ 0.04
Weighted average shares outstanding - basic 6,297,755 6,732,456
Weighted average shares outstanding - diluted 6,297,755 6,732,456