| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Loans, including fees | ||||||
9,957 | 9,192 | 7,817 | 7,741 | |||
Securities | ||||||
Taxable | ||||||
1,144 | 1,290 | 943 | 847 | |||
Tax-exempt | ||||||
22 | 49 | 142 | 246 | |||
Other | ||||||
108 | 78 | 93 | 31 | |||
Total interest and dividend income | ||||||
11,231 | 10,609 | 8,995 | 8,865 | |||
Interest Expense: | ||||||
Interest-bearing deposits | ||||||
2,445 | 1,677 | 1,314 | 1,365 | |||
Borrowed funds | ||||||
343 | 432 | 240 | 268 | |||
Total interest expense | ||||||
2,788 | 2,109 | 1,554 | 1,633 | |||
Net interest income | ||||||
8,443 | 8,500 | 7,441 | 7,232 | |||
Provision for loan losses | ||||||
201 | 513 | 419 | 844 | |||
Net interest income after provision for loan losses | ||||||
8,242 | 7,987 | 7,022 | 6,388 | |||
Noninterest income: | ||||||
Service charges and other fees | ||||||
350 | 371 | 279 | 247 | |||
Net gain on sale of loans | ||||||
389 | 244 | 266 | 288 | |||
Net loss on sale of securities | ||||||
-4 | -204 | 20 | - | |||
Net gain on sale of securities | ||||||
- | - | - | 129 | |||
Increase in cash surrender value of insurance | ||||||
218 | 194 | 196 | 198 | |||
Other noninterest income | ||||||
95 | 95 | 130 | 4 | |||
Total noninterest income | ||||||
1,048 | 700 | 891 | 866 | |||
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
4,268 | 4,248 | 3,960 | 4,051 | |||
Occupancy and equipment | ||||||
1,043 | 1,002 | 1,109 | 1,012 | |||
Data processing | ||||||
598 | 546 | 605 | 724 | |||
Technology | ||||||
314 | 243 | - | - | |||
Foreclosed assets, net | ||||||
5 | 36 | 27 | - | |||
Foreclosed assets, net | ||||||
- | - | - | 40 | |||
Professional fees | ||||||
385 | 438 | 506 | 441 | |||
Other noninterest expense | ||||||
619 | 798 | 1,628 | 971 | |||
Total noninterest expense | ||||||
7,232 | 7,311 | 7,835 | 7,239 | |||
Income before income taxes | ||||||
2,058 | 1,376 | 78 | 15 | |||
Provision for income taxes | ||||||
502 | 318 | 264 | -156 | |||
Net income | ||||||
1,556 | 1,058 | -186 | 171 | |||
Basic earnings per share (in dollars per share) | ||||||
0.24 | 0.17 | -0.03 | 0.00 | |||
Diluted earnings per share (in dollars per share) | ||||||
0.24 | 0.17 | -0.03 | 0.00 | |||