XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME        
Interest and fees on loans $ 2,135 $ 2,089 $ 4,223 $ 4,256
Interest and dividends on securities 999 794 1,964 1,492
Interest on deposits with banks and federal funds sold 133 147 365 197
Total Interest Income 3,267 3,030 6,552 5,945
INTEREST EXPENSE        
Interest on deposits 115 120 222 244
Interest on short-term borrowings 38 88 38 191
Interest on long-term borrowings   19   26
Total Interest Expense 153 227 260 461
Net Interest Income 3,114 2,803 6,292 5,484
Provision (release) for credit losses 127 (116) 85 (217)
Net interest income after provision (release) 2,987 2,919 6,207 5,701
NONINTEREST INCOME        
Gain on securities sold/redeemed   1   1
Income on life insurance 40 39 79 76
Total Noninterest Income 239 260 485 514
NONINTEREST EXPENSE        
Salary and benefits 1,701 1,516 3,398 3,136
Occupancy and equipment expenses 299 316 627 647
Legal, accounting and other professional fees 235 260 498 585
Data processing and item processing services 281 235 549 461
FDIC insurance costs 37 29 82 54
Advertising and marketing related expenses 23 21 45 43
Loan collection costs 2 20 3 (55)
Telephone costs 34 41 75 85
Other expenses 313 397 593 663
Total Noninterest Expenses 2,925 2,835 5,870 5,619
Income before income taxes 301 344 822 596
Income tax expense 25 35 112 56
NET INCOME $ 276 $ 309 $ 710 $ 540
Basic net income per share of common stock (in dollars per share) $ 0.10 $ 0.11 $ 0.25 $ 0.19
Diluted net income per share of common stock (in dollars per share) $ 0.10 $ 0.11 $ 0.25 $ 0.19
Service charges on deposit accounts        
NONINTEREST INCOME        
Service charges on deposit accounts $ 38 $ 40 $ 80 $ 82
Other fees and commissions        
NONINTEREST INCOME        
Other fees and commissions $ 161 $ 180 $ 326 $ 355