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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and Dividend Income    
Loans $ 20,734 $ 20,181
Taxable 1,899 468
Tax-exempt 4,396 3,877
Federal funds sold 493 101
Dividends on Federal Home Loan Bank and other stock 139 81
Total interest and dividend income 27,661 24,708
Deposits    
Deposits 1,643 1,273
Borrowings 1,630 1,323
Total interest expense 3,273 2,596
Net Interest Income 24,388 22,112
(Credit) Provision for Loan Losses (955) (1,255)
Net Interest Income After (Credit) Provision for Loan Losses 25,343 23,367
Noninterest Income    
Customer service fees 2,978 2,852
Net gains on loan sales 36 272
Earnings on bank-owned life insurance 708 802
Realized gains on available-for-sale securities   1,250
Other 361 530
Total noninterest income 4,083 5,706
Noninterest Expense    
Salaries and employee benefits 10,305 9,698
Net occupancy and equipment expense 2,217 2,364
Professional fees 1,451 1,217
Insurance 568 531
Deposit insurance premiums 198 195
Franchise and other taxes 562 551
Marketing expense 346 380
Printing and office supplies 110 115
Amortization of intangible assets 150 150
Other 3,983 3,191
Total noninterest expense 19,890 18,392
Income Before Federal Income Taxes 9,536 10,681
Income Tax Benefits 879 1,230
Net Income $ 8,657 $ 9,451
Basic Earnings Per Share (in dollars per share) $ 1.50 $ 1.62
Diluted Earnings Per Share (in dollars per share) $ 1.50 $ 1.62