Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of components of non-interest income

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


	Three months ended				Nine months ended
	September 30,				September 30,
(Dollars in thousands)	2022		2021		2022		2021
Service charges on deposit accounts ⁽¹⁾
Overdrawn account fees	$	19	$	22	$	60	$	53
Account service fees		60		48		180		135
Other service charges and fees ⁽¹⁾
Interchange income		108		96		306		273
Other charges and fees		67		24		163		66
Bank owned life insurance		255		102		445		309
Gains on securities		—		—		—		10
Net gains (losses) on premises and equipment ⁽¹⁾		—		19		(1)		19
Insurance commissions ⁽¹⁾		47		28		312		205
Other operating income (loss) ⁽²⁾		(106)		(14)		(492)		136
Total non-interest income	$	450	$	325	$	973	$	1,206

(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 $1 thousand and $6 thousand and a loss of $(107) thousand and $(498) thousand related to the fair value adjustment on equity securities carried at fair value for the three and nine months ended September 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 less than $1 thousand and $51 thousand and a fair value adjustment loss of $(14) thousand and gain of $85 thousand outside the scope of ASC 606 for the three and nine months ended September 30, 2021, respectively.