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Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Loans, including fees $ 3,819 $ 3,234 $ 10,906 $ 9,669
Securities        
Taxable 407 520 1,312 1,577
Other 10 17 31 25
Total interest and dividend income 4,236 3,771 12,249 11,271
Interest expense:        
Interest-bearing deposits 983 749 2,654 2,088
Borrowed funds 117 101 394 353
Total interest expense 1,100 850 3,048 2,441
Net interest income 3,136 2,921 9,201 8,830
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 3,136 2,921 9,201 8,830
Noninterest income:        
Service charges and other fees 217 216 632 660
Loan servicing 189 187 521 602
Net gain on sale of loans 137 221 574 584
Net gain on sale of securities     67  
Increase in cash surrender value of insurance 106 101 305 309
Other 145 15 178 50
Total noninterest income 794 740 2,277 2,205
Noninterest expense:        
Salaries and employee benefits 2,233 1,876 7,182 5,769
Foreclosed assets, net 6 (1) 7 6
Advertising and promotions 36 33 89 77
Data processing 187 283 546 829
Occupancy and equipment 420 391 1,243 1,240
FDIC assessment 127 63 290 192
Other 668 745 2,385 2,213
Total noninterest expense 3,677 3,390 11,742 10,326
Income (loss) before income taxes 253 271 (264) 709
Provision (credit) for income taxes 8 86 (186) (4,503)
Net income (loss) $ 245 $ 185 $ (78) $ 5,212