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Consolidated Statements Of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income        
Loans, including fees $ 3,502,000 $ 3,044,000 $ 6,781,000 $ 5,990,000
Securities 30,000 34,000 60,000 69,000
FHLB stock dividends 19,000 19,000 39,000 39,000
Federal funds sold and other 19,000 16,000 48,000 33,000
Total interest and dividend income 3,570,000 3,113,000 6,928,000 6,131,000
Interest expense        
Deposits 627,000 558,000 1,216,000 1,043,000
FHLB advances and other debt 63,000 58,000 121,000 115,000
Subordinated debentures 45,000 41,000 90,000 81,000
Total interest expense 735,000 657,000 1,427,000 1,239,000
Net interest income 2,835,000 2,456,000 5,501,000 4,892,000
Provision for loan losses 160,000 75,000 210,000 150,000
Net interest income after provision for loan losses 2,675,000 2,381,000 5,291,000 4,742,000
Noninterest income        
Service charges on deposit accounts 198,000 116,000 371,000 232,000
Net gains on sales of loans 23,000 209,000 51,000 293,000
Net gain (loss) on sales of securities       (12,000)
Earnings on bank owned life insurance 33,000 33,000 66,000 65,000
Other 36,000 106,000 106,000 241,000
Total noninterest income 290,000 464,000 594,000 819,000
Noninterest expense        
Salaries and employee benefits 1,175,000 1,217,000 2,327,000 2,437,000
Occupancy and equipment 149,000 134,000 283,000 273,000
Data processing 267,000 268,000 542,000 517,000
Franchise and other taxes 88,000 81,000 176,000 161,000
Professional fees 300,000 202,000 624,000 446,000
Director fees 58,000 33,000 105,000 66,000
Postage, printing and supplies 41,000 58,000 95,000 130,000
Advertising and promotion 18,000 45,000 35,000 90,000
Telephone 27,000 31,000 58,000 56,000
Loan expenses 12,000 6,000 43,000 43,000
Foreclosed assets, net 16,000 28,000 49,000 74,000
Depreciation 54,000 52,000 107,000 104,000
FDIC premiums 20,000 103,000 134,000 207,000
Regulatory assessment 28,000 47,000 56,000 98,000
Other insurance 27,000 31,000 58,000 61,000
Other 59,000 42,000 101,000 80,000
Total noninterest expense 2,339,000 2,378,000 4,793,000 4,843,000
Income before incomes taxes 626,000 467,000 1,092,000 718,000
Income tax expense 204,000 354,000
Net income 422,000 467,000 738,000 718,000
Dividends on Series B preferred stock and accretion of discount (215,000) (215,000) (429,000) (429,000)
Net income attributable to common stockholders $ 207,000 $ 252,000 $ 309,000 $ 289,000
Earnings per common share:        
Basic $ 0.01 $ 0.02 $ 0.02 $ 0.02
Diluted $ 0.01 $ 0.02 $ 0.02 $ 0.02