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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income    
Loans, including fees $ 10,813 $ 10,929
Securities 299 54
Other 306 265
Total interest income 11,418 11,248
Interest expense    
Deposits 445 668
Subordinated notes 198 0
Total interest expense 643 668
Net interest income 10,775 10,580
Provision for (recovery of) loan losses 276 (335)
Net interest income after provision for (recovery of) loan losses 10,499 10,915
Noninterest income    
Deposit service charges and fees 781 738
Loan servicing fees [1] 101 55
Mortgage brokerage and banking fees [1] 8 12
Trust and insurance commissions and annuities income 338 334
Earnings on bank-owned life insurance [1] 28 21
Other [1] 188 98
Total noninterest income 1,444 1,258
Noninterest expense    
Compensation and benefits 5,480 5,471
Office occupancy and equipment 2,134 2,097
Advertising and public relations 142 203
Information technology 851 710
Professional fees 373 370
Supplies, telephone, and postage 347 400
Nonperforming asset management 17 41
FDIC insurance premiums 116 106
Other 829 789
Total noninterest expense 10,289 10,187
Income before income taxes 1,654 1,986
Income tax expense 386 517
Net income $ 1,268 $ 1,469
Basic and diluted earnings per common share (in dollars per share) $ 0.10 $ 0.10
Basic and diluted weighted average common shares outstanding (in shares) 13,204,041 14,723,769
[1] Not within the scope of ASC 606