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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest income:    
Interest and fees on loans $ 19,701 $ 18,730
Interest on securities:    
U.S. Government agencies 640 832
States and political subdivisions (taxable) 58 69
States and political subdivisions (tax-exempt) 202 227
Other 187 379
Interest on federal funds sold   2
Total interest income 20,788 20,239
Interest on deposits:    
Savings and NOW accounts 968 1,112
Time 1,551 1,446
Interest on federal funds purchased   5
Total interest expense 2,519 2,563
Net interest income 18,269 17,676
Provision for loan losses and unfunded commitments 252 163
Net interest income after provision for loan losses 18,017 17,513
Noninterest income:    
Revenue from contract with customer including assessed tax 654 535
Bargain purchase gain from merger with Virginia Bank 2,694  
Other operating income 1,507 996
Total noninterest income 8,672 4,623
Noninterest expense:    
Salaries and employee benefits 10,448 9,281
Occupancy expense 1,178 982
Furniture and equipment expense 1,379 1,079
Office supplies and printing 229 205
Federal deposit insurance premiums 271 131
Capital stock tax 333 239
Advertising expense 193 198
Expenses from merger with Virginia Bank 2,889  
Other operating expenses 5,593 4,657
Total noninterest expense 22,513 16,772
Income before income tax expense 4,176 5,364
Income tax expense 1,114 968
Net income $ 3,062 $ 4,396
Basic net income per share $ 1.85 $ 2.84
Diluted net income per share $ 1.84 $ 2.82
Virginia Bank and Subsidiary    
Noninterest income:    
Bargain purchase gain from merger with Virginia Bank $ 2,694  
Noninterest expense:    
Expenses from merger with Virginia Bank 2,889  
Service charges on deposit accounts    
Noninterest income:    
Revenue from contract with customer including assessed tax 2,030 $ 1,941
Mortgage loan fees    
Noninterest income:    
Revenue from contract with customer including assessed tax 1,111 725
Service charges on loan accounts    
Noninterest income:    
Revenue from contract with customer including assessed tax $ 676 $ 426