XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income    
Loans and leases, including fees $ 3,679 $ 3,279
Securities 48 30
FHLB and FRB stock dividends 22 20
Federal funds sold and other 108 29
Total interest and dividend income 3,857 3,358
Interest expense    
Deposits 680 589
FHLB advances and other debt 61 58
Subordinated debentures 50 45
Total interest expense 791 692
Net interest income 3,066 2,666
Provision for loan and lease losses   50
Net interest income after provision for loan losses 3,066 2,616
Noninterest income    
Service charges on deposit accounts 89 173
Net gains on sales of loans 23 28
Earnings on bank owned life insurance 33 33
Other 21 70
Total noninterest income 166 304
Noninterest expense    
Salaries and employee benefits 1,414 1,152
Occupancy and equipment 152 134
Data processing 277 275
Franchise and other taxes 91 88
Professional fees 248 324
Director fees 69 47
Postage, printing and supplies 43 54
Advertising and promotion 17 17
Telephone 32 31
Loan expenses 38 31
Foreclosed assets, net 7 33
Depreciation 51 53
FDIC premiums 71 114
Regulatory assessment 32 28
Other insurance 26 31
Other 52 42
Total noninterest expense 2,620 2,454
Income before incomes taxes 612 466
Income tax expense 208 150
Net income 404 316
Dividends on Series B preferred stock and accretion of discount (214) (214)
Net income attributable to common stockholders $ 190 $ 102
Earnings per common share:    
Basic $ 0.01 $ 0.01
Diluted $ 0.01 $ 0.01