Revenue (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of components of non-interest income

The following table shows the components of non-interest income for the three months ended March 31, 2022 and March 31, 2021.


	Three months ended
	March 31,
(Dollars in thousands)	2022		2021
Service charges on deposit accounts ⁽¹⁾
Overdrawn account fees	$	19	$	15
Account service fees		58		43
Other service charges and fees ⁽¹⁾
Interchange income		93		84
Other charges and fees		44		20
Bank owned life insurance		95		107
Gain on sales and calls of securities		—		10
Net gains (losses) on premises and equipment ⁽¹⁾		(1)		—
Insurance commissions ⁽¹⁾		221		155
Other operating income (loss) ⁽²⁾		(115)		30
Total non-interest income	$	414	$	464

(1)Income within the scope of ASC 606 – Revenue Recognition.

(2)Includes other operating income (loss) within the scope of ASC 606 – Revenue Recognition amounting to $2 thousand and a loss of $(117) thousand related to the fair value adjustment on equity securities carried at fair value for the three months ended March 31, 2022, which is outside the scope of ASC 606. These securities consist of mutual funds held in a trust and were obtained for the purpose of economically hedging changes in the Company’s nonqualified deferred compensation liability. Includes other operating

income (loss) within the scope of ASC 606 – Revenue Recognition amounting to $(3) thousand and a gain of $33 thousand outside the scope of ASC 606 for the three months ended March 31, 2021.