XML 26 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and dividend income:        
Loans, including fees $ 3,840 $ 3,819 $ 11,699 $ 10,906
Securities, taxable 406 407 1,198 1,312
Other 133 10 289 31
Total interest and dividend income 4,379 4,236 13,186 12,249
Interest expense:        
Interest-bearing deposits 1,210 983 3,664 2,654
Borrowed funds 51 117 236 394
Total interest expense 1,261 1,100 3,900 3,048
Net interest income 3,118 3,136 9,286 9,201
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 3,118 3,136 9,286 9,201
Noninterest income:        
Service charges and other fees 223 217 632 632
Loan servicing 166 189 754 521
Net gain on sale of loans 513 137 423 574
Net gain on sale of securities       67
Increase in cash surrender value of insurance 99 106 300 305
Death benefit gain   120 158 120
Other 10 25 146 58
Total noninterest income 1,011 794 2,413 2,277
Noninterest expense:        
Salaries and employee benefits 2,281 2,233 7,011 7,182
Foreclosed assets, net (101) 6 (86) 7
Advertising and promotions 35 36 135 89
Data processing 171 187 574 546
Occupancy and equipment 392 420 1,269 1,243
Other 780 795 3,007 2,675
Total noninterest expense 3,558 3,677 11,910 11,742
Income (loss) before income taxes 571 253 (211) (264)
Income tax expense (benefit) 135 8 (167) (186)
Net income (loss) $ 436 $ 245 $ (44) $ (78)
Earnings per common share:        
Basic $ 0.09   $ (0.01)  
Diluted $ 0.09   $ (0.01)  
Average common shares outstanding:        
Basic 4,704,660   4,702,904  
Diluted 4,704,660   4,702,904