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Interim Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income:        
Loans $ 7,260 $ 6,569 $ 20,959 $ 19,175
Investment in securities, taxable 1,124 1,099 3,397 3,544
Nontaxable securities available for sale 233 326 796 1,019
Interest-bearing deposits 18 10 62 38
Total interest and dividend income 8,635 8,004 25,214 23,776
Interest expense:        
Deposits 1,206 1,044 3,570 3,146
FHLB borrowings 89 33 151 134
Repurchase agreements 130 139 352 421
Subordinated debentures 112 99 324 287
Total interest expense 1,537 1,315 4,397 3,988
Net interest income 7,098 6,689 20,817 19,788
Provision for loan losses 71 255 421 1,178
Net interest income after provision for loan losses 7,027 6,434 20,396 18,610
Non-interest income:        
Service charges 819 719 2,423 2,094
Merchant card 299 308 916 913
Mortgage origination revenue 335 415 947 1,218
Gain on sale of securities 162 79 178 422
Income from bank owned life insurance 95 104 402 265
Income from financial services 134 131 419 455
Other operating income 186 189 877 568
Total non-interest income 2,030 1,945 6,162 5,935
Non-interest expenses:        
Salaries and benefits 3,919 3,757 12,132 11,646
Occupancy 716 810 2,220 2,398
Data processing 795 744 2,105 2,175
State deposit tax 169 248 600 743
Professional services 409 368 1,221 1,008
Advertising 240 376 989 1,067
Foreclosure, net (25) 204 89 473
(Gain) Loss on sale of asset   (72) 3 (72)
Other 945 918 2,731 3,207
Total non-interest expense 7,168 7,353 22,090 22,645
Income before income tax expense 1,889 1,026 4,468 1,900
Income tax expense 486 41 989 102
Net income $ 1,403 $ 985 $ 3,479 $ 1,798
Earnings per share:        
Basic $ 0.22 $ 0.16 $ 0.56 $ 0.29
Diluted 0.22 0.16 0.56 0.29
Dividend per share $ 0.05 $ 0.04 $ 0.14 $ 0.12
Weighted average shares outstanding - basic 6,236,075 6,212,231 6,227,955 6,247,536
Weighted average shares outstanding - diluted 6,236,075 6,212,231 6,227,955 6,247,536