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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income        
Loans, including Fees $ 1,367 $ 1,238 $ 3,892 $ 3,533
Investment Securities 42 29 102 94
Other Interest Earning Assets 97 45 228 123
Total Interest Income 1,506 1,312 4,222 3,750
Interest Expense        
Deposits 377 249 942 675
Borrowed Funds 106 68 326 182
Total Interest Expense 483 317 1,268 857
Net Interest Income 1,023 995 2,954 2,893
Provision for Loan Losses       5
Net Interest Income after Provision for Loan Losses 1,023 995 2,954 2,888
Noninterest Income        
Gain on Sale of Loans Originated for Sale 43 17 83 33
Loan Servicing Income 65 39 166 116
Other Income 35 29 95 81
Total Noninterest Income 143 85 344 230
Noninterest Expense        
Salaries and Employee Benefits 624 546 1,804 1,502
Occupancy and Equipment 114 107 331 302
Data Processing 45 59 133 163
FDIC Insurance and Examination Fees 14 21 55 66
Director Compensation 18 18 54 54
Legal, Accounting and Professional Fees 65 83 211 199
Advertising 30 26 85 75
Telephone and Communications 17 15 51 44
Other 121 114 339 322
Total Noninterest Expense 1,048 989 3,063 2,727
Income Before Income Tax Expense 118 91 235 391
Income Tax Expense 35 18 53 76
Net Income $ 83 $ 73 $ 182 $ 315
Earnings per share: Basic (in dollars per share) $ 0.06 $ 0.05 $ 0.12 $ 0.21
Diluted (in dollars per share) $ 0.06 $ 0.05 $ 0.12 $ 0.21