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Interim Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Loans $ 8,230 $ 7,477
Investment in taxable securities available for sale 1,035 1,079
Nontaxable securities available for sale 195 213
Interest-bearing deposits 82 29
Total interest and dividend income 9,542 8,798
Interest expense:    
Deposits 2,137 1,244
FHLB borrowings 159 92
Repurchase agreements 302 154
Subordinated debentures 147 122
Total interest expense 2,745 1,612
Net interest income 6,797 7,186
Provision for loan losses 60 68
Net interest income after provision for loan losses 6,737 7,118
Non-interest income:    
Service charges 667 706
Merchant card 299 308
Mortgage origination revenue 249 319
Gain on sale of securities   27
Income from bank owned life insurance 117 71
Income from financial services 173 138
Other operating income 131 175
Total non-interest income 1,636 1,744
Non-interest expenses:    
Salaries and benefits 4,044 4,117
Occupancy 734 782
Data processing 822 784
State deposit tax 215 169
Professional services 332 466
Advertising 248 308
Foreclosure, net 20 (6)
Gain on sale of fixed assets (27)  
Merger 596  
Other 760 920
Total non-interest expense 7,744 7,540
Net income before income tax expense 629 1,322
Income tax expense 6 196
Net income $ 623 $ 1,126
Earnings per share:    
Basic $ 0.10 $ 0.18
Diluted $ 0.10 0.18
Dividend per share   $ 0.05
Weighted average shares outstanding - basic 6,277,284 6,188,413
Weighted average shares outstanding - diluted 6,277,284 6,188,413