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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest income:    
Loans, including fees $ 9,064 $ 9,913
Investment securities available-for-sale, including dividends    
Taxable 1,297 1,268
Tax-exempt 101 23
Interest-bearing time deposits 82 15
Other 69 67
Total interest income 10,613 11,286
Interest expense:    
Deposits 709 693
Borrowings 8 6
Total interest expense 717 699
Net interest income $ 9,896 10,587
Less provision for loan losses 50
Net interest income after provision for loan losses $ 9,896 10,537
Noninterest income:    
Service charges 1,138 1,118
Rental income 200 180
Cash surrender value of life insurance 233 205
Net realized gains on sales of investment securities available-for-sale $ 29 14
Gain on sale of repossessed assets 515
Other income $ 20 432
Total noninterest income 1,620 2,464
Noninterest expense:    
Salaries and employee benefits 5,484 5,471
Occupancy and equipment 1,395 1,444
Directors fees 213 213
Marketing 199 137
Professional fees 594 743
Information technology 907 910
FDIC deposit insurance 561 570
OREO expense, net 485 319
Delivery expenses 146 161
Other 1,109 1,434
Total noninterest expense 11,093 11,402
Income before income taxes 423 1,599
Income tax expense 76 552
Net income 347 1,047
Less preferred stock dividends and accretion (237) (237)
Net income available to common stockholders $ 110 $ 810
Basic and diluted earnings per share of common stock: $ 0.05 $ 0.40
Weighted average shares of common stock outstanding:    
Basic and diluted 2,031,337 2,031,337