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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 5,777 $ 6,865
Taxable securities 1,281 559
Nontaxable securities 110 111
Other 74 46
Total interest and dividend income 7,242 7,581
INTEREST EXPENSE    
Deposits 349 538
Short-term borrowings 12 13
Other borrowings 16 22
Total interest expense 377 573
NET INTEREST INCOME 6,865 7,008
(RECOVERY OF) PROVISION FOR LOAN LOSSES (300) 30
Net interest income, after (recovery of) provision for loan losses 7,165 6,978
NONINTEREST INCOME    
Gain on sale of loans, net 118 487
Earnings on bank owned life insurance 166 150
Unrealized gain or (loss) on equity securities, net 1 13
Other income 333 268
Total noninterest income 1,642 1,878
NONINTEREST EXPENSE    
Salaries and employee benefits 3,155 3,029
Occupancy expense 272 254
Equipment expense 214 177
Professional and director fees 276 295
Financial institutions and franchise tax expense 195 188
Marketing and public relations 111 79
Software expense 333 300
Debit card expense 164 171
Amortization of intangible assets   11
FDIC insurance expense 83 108
Provision for unfunded loan commitments 13 103
Other expenses 652 566
Total noninterest expense 5,468 5,281
Income before income taxes 3,339 3,575
FEDERAL INCOME TAX PROVISION 638 690
NET INCOME $ 2,701 $ 2,885
Basic and diluted net earnings per share $ 0.99 $ 1.05
Deposit Account [Member]    
NONINTEREST INCOME    
Noninterest income $ 265 $ 207
Fiduciary and Trust [Member]    
NONINTEREST INCOME    
Noninterest income 264 282
Debit Card [Member]    
NONINTEREST INCOME    
Noninterest income $ 495 $ 471