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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income    
Loans, including fees $ 3,279 $ 2,946
Securities 30 35
FHLB stock dividends 20 20
Federal funds sold and other 29 17
Total interest and dividend income 3,358 3,018
Interest expense    
Deposits 589 485
FHLB advances and other debt 58 57
Subordinated debentures 45 40
Total interest expense 692 582
Net interest income 2,666 2,436
Provision for loan losses 50 75
Net interest income after provision for loan losses 2,616 2,361
Noninterest income    
Service charges on deposit accounts 173 116
Net gains on sales of loans 28 84
Net gain (loss) on sales of securities   (12)
Earnings on bank owned life insurance 33 32
Other 70 135
Total noninterest income 304 355
Noninterest expense    
Salaries and employee benefits 1,152 1,220
Occupancy and equipment 134 139
Data processing 275 249
Franchise and other taxes 88 80
Professional fees 324 244
Director fees 47 33
Postage, printing and supplies 54 72
Advertising and promotion 17 45
Telephone 31 25
Loan expenses 31 37
Foreclosed assets, net 33 46
Depreciation 53 52
FDIC premiums 114 104
Regulatory assessment 28 51
Other insurance 31 30
Other 42 38
Total noninterest expense 2,454 2,465
Income before incomes taxes 466 $ 251
Income tax expense 150
Net income 316 $ 251
Dividends on Series B preferred stock and accretion of discount (214) (214)
Net income attributable to common stockholders $ 102 $ 37
Earnings per common share:    
Basic $ 0.01 $ 0.00
Diluted $ 0.01 $ 0.00