| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | |
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Interest and fees on loans | ||||||
9,875 | 8,168 | 6,551 | 4,994 | 4,631 | 4,718 | |
Interest and dividends on securities: | ||||||
Taxable | ||||||
549 | 534 | 740 | 846 | 747 | 753 | |
Tax-exempt | ||||||
65 | 69 | 59 | 31 | 1 | - | |
Other interest | ||||||
313 | 170 | 55 | 35 | 25 | 23 | |
Total interest and dividend income | ||||||
10,802 | 8,941 | 7,405 | 5,906 | 5,404 | 5,494 | |
Interest expense: | ||||||
Interest on deposits | ||||||
2,735 | 1,853 | 1,618 | 1,276 | 1,266 | 1,547 | |
Interest on Federal Home Loan Bank advances | ||||||
713 | 330 | 22 | - | - | - | |
Total interest expense | ||||||
3,448 | 2,183 | 1,640 | 1,276 | 1,266 | 1,547 | |
Net interest and dividend income | ||||||
7,354 | 6,758 | 5,765 | 4,630 | 4,138 | 3,947 | |
Provision for loan losses | ||||||
189 | 245 | - | - | - | - | |
Provision for loan losses | ||||||
- | - | 310 | 60 | 10 | - | |
Provision for loan losses | ||||||
- | - | - | - | - | 37 | |
Net interest and dividend income after provision for loan losses | ||||||
7,165 | 6,513 | 5,455 | 4,570 | 4,128 | 3,910 | |
Noninterest income: | ||||||
Fees and service charges | ||||||
90 | 88 | - | - | - | - | |
Fees and service charges | ||||||
- | - | 76 | 91 | 113 | 93 | |
Gain on sales and calls of available-for-sale securities, net | ||||||
493 | 1,385 | 1,004 | - | - | - | |
Gain on sales of securities, net | ||||||
- | - | - | 409 | - | - | |
Writedown of securities | ||||||
- | - | - | 461 | - | - | |
Gain on sales of loans | ||||||
- | - | - | - | 25 | 105 | |
Income on bank-owned life insurance | ||||||
160 | 162 | 141 | 140 | 137 | 129 | |
Other income | ||||||
13 | 8 | 14 | 63 | 24 | 32 | |
Total noninterest income | ||||||
756 | 1,643 | 1,235 | 242 | 299 | 359 | |
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
3,406 | 3,240 | 2,772 | 2,411 | 2,163 | 2,010 | |
Occupancy expense | ||||||
322 | 375 | 300 | 311 | 279 | 295 | |
Equipment expense | ||||||
74 | 45 | 37 | 49 | 55 | 50 | |
Data processing expense | ||||||
432 | 400 | 370 | 319 | 293 | 298 | |
Advertising expense | ||||||
214 | 193 | 146 | 143 | 120 | 115 | |
Printing and supplies | ||||||
57 | 48 | 39 | 53 | 37 | 35 | |
FDIC assessment | ||||||
88 | 65 | 116 | 111 | 114 | 103 | |
Audits and examinations | ||||||
228 | 201 | 212 | 130 | 130 | 111 | |
Other professional services | ||||||
355 | 320 | 328 | 177 | 64 | 66 | |
Contribution to Melrose Cooperative Bank Foundation | ||||||
- | - | - | - | 1,362 | - | |
Other expense | ||||||
370 | 223 | 152 | 121 | 163 | 148 | |
Total noninterest expense | ||||||
5,546 | 5,110 | 4,472 | 3,825 | 4,780 | 3,231 | |
Income before income tax expense | ||||||
2,375 | 3,046 | 2,218 | 987 | -353 | - | |
Income before income tax expense | ||||||
- | - | - | - | - | 1,038 | |
Income tax expense | ||||||
605 | 1,242 | 796 | 329 | -181 | 309 | |
Net income | ||||||
1,770 | 1,804 | 1,422 | 658 | -172 | 729 | |
Weighted average common shares outstanding: | ||||||
Basic | ||||||
2,375 | 2,367 | 2,426 | 2,607 | - | - | |
Diluted | ||||||
2,405 | 2,372 | 2,427 | 2,607 | - | - | |
Earnings per share: | ||||||
Basic | ||||||
0.74 | 0.76 | 0.59 | 0.25 | - | - | |
Diluted | ||||||
0.74 | 0.76 | 0.59 | 0.25 | - | - | |