Revenue (Tables)

3 Months Ended

Mar. 31, 2023

Revenue

Schedule of components of non-interest income

The following table shows the components of non-interest income for the three months ended March 31, 2023 and March 31, 2022.

	Three months ended
	March 31,
(Dollars in thousands)	2023		2022
Service charges on deposit accounts (1)
Overdrawn account fees	$	14	$	19
Account service fees		58		58
Other service charges and fees (1)
Interchange income		99		93
Other charges and fees		104		44
Bank owned life insurance		100		95
Losses on sale of available-for-sale securities		(202)		—
Net losses on premises and equipment (1)		(1)		(1)
Insurance commissions (1)		206		221
Other operating income (loss) (2)		188		(115)
Total non-interest income	$	566	$	414

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

(2) Includes other operating income within the scope of ASC 606 – Revenue Recognition amounting to $8 thousand for the three months ended March 31, 2023. Includes other operating income of $91 thousand related to swap fee income on a back-to-back loan swap and a gain of $89 thousand related to the fair value adjustment on equity securities carried at fair value for the three months ended March 31, 2023 both of which are 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 within the scope of ASC 606 – Revenue Recognition amounting to $2 thousand for the three months ended

March 31, 2022. Includes other operating loss consisting of a fair value adjustment of $(117) thousand outside the scope of ASC 606 for the three months ended March 31, 2022.