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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest and dividend income:    
Loans, including fees $ 9,957 $ 9,192
Securities    
Taxable 1,144 1,290
Tax-exempt 22 49
Other 108 78
Total interest and dividend income 11,231 10,609
Interest Expense:    
Interest-bearing deposits 2,445 1,677
Borrowed funds 343 432
Total interest expense 2,788 2,109
Net interest income 8,443 8,500
Provision for loan losses 201 513
Net interest income after provision for loan losses 8,242 7,987
Noninterest income:    
Service charges and other fees 350 371
Net gain on sale of loans 389 244
Net loss on sale of securities (4) (204)
Increase in cash surrender value of insurance 218 194
Other noninterest income 95 95
Total noninterest income 1,048 700
Noninterest expense:    
Salaries and employee benefits 4,268 4,248
Occupancy and equipment 1,043 1,002
Data processing 598 546
Technology 314 243
Foreclosed assets, net 5 36
Professional fees 385 438
Other noninterest expense 619 798
Total noninterest expense 7,232 7,311
Income before income taxes 2,058 1,376
Provision for income taxes 502 318
Net income $ 1,556 $ 1,058
Basic earnings per share (in dollars per share) $ 0.24 $ 0.17
Diluted earnings per share (in dollars per share) $ 0.24 $ 0.17