Other Income and Other Expense Disclosure [Text Block] |
| Other Noninterest Expenses | Other noninterest expenses include the following: | | | | | 2019 | | | | | | | | | | | Professional services | | $ | | | | $ | 448,704 | | Automated teller machine and debit card expenses | | | | | | | 254,792 | | Advertising | | | | | | | 292,301 | | Telephone | | | | | | | 204,486 | | Stationery, printing, and supplies | | | | | | | 181,823 | | Directors fees | | | | | | | 212,161 | | Federal Deposit Insurance Corporation premiums | | | | | | | 30,571 | | Insurance claims | | | | | | | 178,500 | | Internet banking fees | | | | | | | 152,750 | | Postage, delivery, and armored carrier | | | | | | | 154,583 | | Correspondent bank services | | | | | | | 128,622 | | Liability insurance | | | | | | | 49,447 | | Other taxes | | | | | | | - | | Maryland state regulatory assessment | | | | | | | 48,794 | | Dues and subscriptions | | | | | | | 41,261 | | Credit reports | | | | | | | 29,825 | | Remote deposit expenses | | | | | | | 31,278 | | Other real estate owned | | | | | | | 13,408 | | Travel and conferences | | | | | | | 52,152 | | Payroll processing | | | | | | | 21,406 | | Other | | | | | | | 137,679 | | | | $ | | | | $ | 2,664,543 | |
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