17. Summary of Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

17. Summary of Quarterly Results (unaudited)

17. SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

The following summarizes the company’s consolidated results of operations during 2016 and 2015, on a quarterly basis:

(Dollars in thousands)

	2016
	Fourth	Third	Second	First
	Quarter	Quarter	Quarter	Quarter
Interest income	$   614	$   642	$  737	$593
Interest expense	17	17	16	16
Net interest income	597	625	721	577
Provision (credit) for loan losses	(19)	(45)	30	(35)
Net interest after provision for loan losses	616	670	691	612
Noninterest income	538	392	705	288
Noninterest expense	1,146	1,162	1,080	1,099
Net income (loss)	$ 8	$(100)	$ 316	$  (199)
Basic income (loss) per common share	$ 0.01	$ (0.12)	$0.38	$ (0.24)
Diluted income (loss) per common share	$ 0.01	$ (0.12)	$0.38	$ (0.24)

(Dollars in thousands)

	2015
	Fourth	Third	Second	First
	Quarter	Quarter	Quarter	Quarter
Interest income	$   609	$   636	$  630	$712
Interest expense	17	17	17	18
Net interest income	592	619	613	694
Provision (credit) for loan losses	(51)	83	(40)	(60)
Net interest after provision for loan losses	643	536	653	754
Noninterest income	420	334	307	336
Noninterest expense	1,245	1,080	1,078	1,075
Net income (loss)	$ (182)	$ (210)	$ (118)	$  15
Basic income (loss) per common share	$ (0.21)	$ (0.24)	$(0.13)	$ 0.01
Diluted income (loss) per common share	$ (0.21)	$ (0.24)	$(0.13)	$ 0.01