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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Interest and fees on loans $ 2,924 $ 3,176 $ 8,974 $ 9,543
Interest and dividends on securities 404 326 1,103 1,061
Interest on deposits with banks and federal funds sold 21 88 107 270
Total Interest Income 3,349 3,590 10,184 10,874
INTEREST EXPENSE        
Interest on deposits 237 336 851 1,001
Interest on short-term borrowings 110 110 345 465
Interest on long-term borrowings 6   6  
Total Interest Expense 353 446 1,202 1,466
Net Interest Income 2,996 3,144 8,982 9,408
(Negative provision)/provision for loan losses (669) (139) (263) 65
Net interest income after provision for loan losses 3,665 3,283 9,245 9,343
NONINTEREST INCOME        
Gain on securities sold 4   4 3
Income on life insurance 40 42 118 122
Total Noninterest Income 260 391 743 955
NONINTEREST EXPENSE        
Salary and benefits 1,595 1,685 4,897 5,140
Occupancy and equipment expenses 283 340 909 1,040
Legal, accounting and other professional fees 233 259 737 794
Data processing and item processing services 234 109 651 328
FDIC insurance costs 41   141 116
Advertising and marketing related expenses 22 27 65 79
Loan collection costs 5 22 92 62
Telephone costs 56 62 146 183
Other expenses 224 352 901 1,181
Total Noninterest Expenses 2,693 2,856 8,539 8,923
Income before income taxes 1,232 818 1,449 1,375
Income tax expense 283 212 326 315
NET INCOME $ 949 $ 606 $ 1,123 $ 1,060
Basic and diluted net (loss) income per share of common stock $ 0.33 $ 0.21 $ 0.40 $ 0.38
Service charges on deposit accounts        
NONINTEREST INCOME        
Noninterest Income $ 37 $ 62 $ 132 $ 187
Other fees and commissions        
NONINTEREST INCOME        
Noninterest Income $ 179 $ 287 $ 489 $ 643