Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Revenue

Schedule of components of non-interest income

The following table shows the components of non-interest income for the three and six months ended June 30, 2022 and June 30, 2021.

	Three months ended				Six months ended
	June 30,				June 30,
(Dollars in thousands)	2022		2021		2022		2021
Service charges on deposit accounts (1)
Overdrawn account fees	$	22	$	16	$	41	$	31
Account service fees		62		44		120		87
Other service charges and fees (1)
Interchange income		105		94		198		178
Other charges and fees		52		22		96		42
Bank owned life insurance		95		100		190		207
Gains on securities		—		—		—		10
Net gains (losses) on premises and equipment (1)		—		—		(1)		—
Insurance commissions (1)		44		22		265		177
Other operating income (loss) (2)		(271)		119		(386)		149
Total non-interest income	$	109	$	417	$	523	$	881

(1) Income within the scope of ASC 606 – Revenue Recognition.

(2) Includes other operating income (loss) within the scope of ASC 606 – Revenue Recognition amounting to $2 thousand and $6 thousand and a loss of $(273) thousand and $(391) thousand related to the fair value adjustment on equity securities carried at fair value for the three and six months ended June 30, 2022, respectively, which is outside the scope of ASC 606. These securities consist of mutual funds held in a trust and were obtained for the purpose of economically hedging changes in the Company’s nonqualified deferred compensation liability. Includes other operating income (loss) within the scope of ASC 606 – Revenue

Recognition amounting to $53 thousand and $51 thousand and a fair value adjustment gain of $66 thousand and $99 thousand outside the scope of ASC 606 for the three and six months ended June 30, 2021, respectively.