Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Revenue

Schedule of components of non-interest income

The following table shows the components of non-interest income for the years ended December 31, 2022 and December 31, 2021.

Table 17.1: Components of Non-Interest Income

(Dollars in thousands)	December 31, 2022		December 31, 2021
Service charges on deposit accounts (1)
Overdrawn account fees	$	88	$	76
Account service fees		236		186
Other service charges and fees (1)
Interchange income		409		379
Other charges and fees		247		98
Bank owned life insurance		544		411
Gains on securities		—		10
Net gains on premises and equipment (1)		—		29
Insurance commissions (1)		382		284
Other operating income (loss) (2)		(215)		246
Total non-interest income	$	1,691	$	1,719

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

(2) Includes other operating income (loss) within the scope of ASC 606 – Revenue Recognition amounting to $12 thousand for the year ended December 31, 2022. Includes other operating income (loss) of $127 thousand related to swap fee income on a back-to-back loan swap and a loss of $(354) thousand related to the fair value adjustment on equity securities carried at fair value for the year ended December 31, 2022, both of which are outside the scope of ASC 606. The equity 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 (loss) within the scope of ASC 606 – Revenue Recognition of $52 thousand and a fair value adjustment gain of $194 thousand outside the scope of ASC 606 for the year ended December 31, 2021.