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Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Loans, including fees $ 2,448 $ 1,968
Securities    
Taxable 275 340
Tax-exempt 2 23
Other 25 16
Total interest and dividend income 2,750 2,347
Interest Expense:    
Interest-bearing deposits 599 346
Borrowed funds 88 53
Total interest expense 687 399
Net interest income 2,063 1,948
Provision for loan losses 70 115
Net interest income after provision for loan losses 1,993 1,833
Noninterest income:    
Service charges and other fees 35 60
Net gain on sale of loans 41 39
Net gain (loss) on sale of securities (8) 8
Increase in cash surrender value of insurance 47 46
Other noninterest income 25 23
Total noninterest income 140 176
Noninterest expense:    
Salaries and employee benefits 1,097 1,057
Occupancy and equipment 242 233
Data processing 175 152
Technology 78 55
Foreclosed assets, net 1 46
Professional fees 112 118
Other noninterest expense 103 172
Total noninterest expense 1,808 1,833
Income before income taxes 325 176
Provision for income taxes 76 53
Net income $ 249 $ 123
Earnings per share    
Basic (in dollars per share) $ 0.04 $ 0.02
Diluted (in dollars per share) $ 0.04 $ 0.02