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OTHER EXPENSES
6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
OTHER EXPENSES

NOTE 13 – OTHER EXPENSES

The Company’s other expenses for the periods indicated consisted of the following:

Three months ended

Six months ended

    

June 30, 

    

June 30, 

    

2024

2023

2024

2023

Professional fees

$

673

$

445

$

1,260

$

892

Core deposit premium amortization

 

305

 

305

 

611

 

674

Marketing and promotions

 

246

 

253

 

369

 

400

Stationery and supplies

 

82

 

85

 

158

 

172

Insurance (including FDIC premiums)

 

349

 

433

 

708

 

634

Communication and postage

 

255

 

221

 

515

 

450

Loan default related expense

 

148

 

86

 

158

 

152

Director fees and expenses

 

82

 

84

 

170

 

165

Bank service charges

 

16

 

16

 

31

 

32

Courier expense

 

186

 

189

 

379

 

371

Other

 

245

 

105

 

356

 

281

Total

$

2,587

$

2,222

$

4,715

$

4,223

The Company expenses marketing and promotion costs as they are incurred. Advertising expense included in marketing and promotions totaled $17,000 and $28,000 for the three and six months ended June 30, 2024 and $15,000 and $21,000 for the three and six months ended June 30, 2023, respectively.