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STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Loans receivable, including fees $ 1,691 $ 1,963 $ 3,463 $ 3,967
Investment securities 142 175 262 293
Other 10 13 24 69
Total interest income 1,843 2,151 3,749 4,329
INTEREST EXPENSE        
Deposits 135 247 290 507
Advances from Federal Home Loan Bank 69 199 136 397
Total interest expense 204 446 426 904
Net interest income 1,639 1,705 3,323 3,425
(Reversal of) Provision for loan loss (286)   (286) 65
Net interest income after (reversal) provision for loan losses 1,925 1,705 3,609 3,360
NON-INTEREST INCOME        
Service charges on deposit accounts 160 121 283 281
Gain on sale of fixed assets   16 24 16
Bank owned life insurance income 22 17 45 33
Other 182 14 235 27
Total non-interest income 364 168 587 357
NON-INTEREST EXPENSE        
Salaries and employee benefits 1,212 903 2,290 1,901
Occupancy and equipment 191 158 383 312
Computer services expense 156 130 307 257
Legal and accounting 94 49 167 101
Foreclosed assets expense, net 42 27 35 51
ATM and debit card expense 46 37 89 73
Advertising and marketing 12 22 21 56
Directors' fees 70 80 141 160
Other 144 118 259 252
Total non-interest expense 1,967 1,524 3,692 3,163
INCOME BEFORE INCOME TAX 322 349 504 554
Income Tax Expense 62 89 93 139
NET INCOME $ 260 $ 260 $ 411 $ 415