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Interim Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Loans $ 8,164 $ 7,260 $ 23,499 $ 20,959
Investment in securities, taxable 970 1,124 3,082 3,397
Nontaxable securities available for sale 189 233 610 796
Interest-bearing deposits 21 18 66 62
Total interest and dividend income 9,344 8,635 27,257 25,214
Interest expense:        
Deposits 1,694 1,206 4,330 3,570
FHLB borrowings 210 89 436 151
Repurchase agreements 188 130 513 352
Subordinated debentures 139 112 399 324
Total interest expense 2,231 1,537 5,678 4,397
Net interest income 7,113 7,098 21,579 20,817
Provision for loan losses 74 71 204 421
Net interest income after provision for loan losses 7,039 7,027 21,375 20,396
Non-interest income:        
Merchant card 316 299 954 916
Mortgage origination revenue 338 335 1,146 947
Gain on sale of investments 5 162 513 178
Income from bank owned life insurance 75 95 219 402
Income from financial services 184 134 499 419
Other operating income 219 186 481 877
Total non-interest income 1,893 2,030 6,001 6,162
Non-interest expenses:        
Salaries and benefits 4,134 3,919 12,367 12,132
Occupancy 785 716 2,314 2,220
Data processing 807 795 2,356 2,105
State deposit tax 158 169 487 600
Professional services 489 409 1,454 1,221
Advertising 329 240 975 989
Foreclosure, net 20 (25) 35 89
Loss on sale of asset 1   10 3
Other operating expenses 789 945 2,628 2,731
Total non-interest expense 7,512 7,168 22,626 22,090
Income before income tax expense 1,420 1,889 4,750 4,468
Income tax expense 180 486 699 989
Net income $ 1,240 $ 1,403 $ 4,051 $ 3,479
Net income per share:        
Basic $ 0.20 $ 0.22 $ 0.65 $ 0.56
Diluted 0.20 0.22 0.65 0.56
Dividend per share $ 0.07 $ 0.05 $ 0.19 $ 0.14
Deposit Account [Member]        
Non-interest income:        
Service charges $ 756 $ 819 $ 2,189 $ 2,423