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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income        
Loans and leases, including fees $ 4,040 $ 3,502 $ 7,719 $ 6,781
Securities 47 30 95 60
FHLB and FRB stock dividends 41 19 63 39
Federal funds sold and other 56 19 164 48
Total interest and dividend income 4,184 3,570 8,041 6,928
Interest expense        
Deposits 664 627 1,344 1,216
FHLB advances and other debt 66 63 127 121
Subordinated debentures 52 45 102 90
Total interest expense 782 735 1,573 1,427
Net interest income 3,402 2,835 6,468 5,501
Provision for loan and lease losses   160   210
Net interest income after provision for loan losses 3,402 2,675 6,468 5,291
Noninterest income        
Service charges on deposit accounts 95 198 184 371
Net gains on sales of loans 24 23 47 51
Earnings on bank owned life insurance 34 33 67 66
Other 24 36 45 106
Total noninterest income 177 290 343 594
Noninterest expense        
Salaries and employee benefits 1,492 1,175 2,906 2,327
Occupancy and equipment 181 149 333 283
Data processing 301 267 578 542
Franchise and other taxes 85 88 176 176
Professional fees 228 300 476 624
Director fees 73 58 142 105
Postage, printing and supplies 49 41 92 95
Advertising and promotion 32 18 49 35
Telephone 28 27 60 58
Loan expenses 41 12 79 43
Foreclosed assets, net 11 16 18 49
Depreciation 50 54 101 107
FDIC premiums 86 20 157 134
Regulatory assessment 32 28 64 56
Other insurance 23 27 49 58
Other 41 59 93 101
Total noninterest expense 2,753 2,339 5,373 4,793
Income before incomes taxes 826 626 1,438 1,092
Income tax expense 270 204 478 354
Net income 556 422 960 738
Dividends on Series B preferred stock and accretion of discount (215) (215) (429) (429)
Net income attributable to common stockholders $ 341 $ 207 $ 531 $ 309
Earnings per common share:        
Basic $ 0.02 $ 0.01 $ 0.03 $ 0.02
Diluted $ 0.02 $ 0.01 $ 0.03 $ 0.02