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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income:        
Loans, including fees $ 3,617 $ 3,840 $ 10,228 $ 11,699
Securities, taxable 304 406 1,092 1,198
Other 17 133 65 289
Total interest and dividend income 3,938 4,379 11,385 13,186
Interest expense:        
Interest-bearing deposits 480 1,210 1,946 3,664
Borrowed funds 207 51 516 236
Total interest expense 687 1,261 2,462 3,900
Net interest income 3,251 3,118 8,923 9,286
Provision for loan losses 500   500  
Net interest income after provision for loan losses 2,751 3,118 8,423 9,286
Noninterest income:        
Service charges and other fees 215 223 578 632
Loan servicing, net 252 166 112 754
Net gain on sale of loans 936 513 2,665 423
Net gain on sale of securities 1,014   1,022  
Increase in cash surrender value of insurance 101 99 299 300
Net gain on death benefit       158
Other 241 10 312 146
Total noninterest income 2,759 1,011 4,988 2,413
Noninterest expense:        
Salaries and employee benefits 2,419 2,281 6,506 7,011
Foreclosed assets, net   (101) (8) (86)
Advertising and promotions 31 35 103 135
Data processing 206 171 573 574
Occupancy and equipment 319 392 1,016 1,269
FDIC assessment 31   81  
Other 887 780 2,670 3,007
Total noninterest expense 3,893 3,558 10,941 11,910
Income (loss) before income taxes 1,617 571 2,470 (211)
Income tax expense (benefit) 1,205 135 1,577 (167)
Net income (loss) $ 412 $ 436 $ 893 $ (44)
Earnings (loss) per common share:        
Basic $ 0.09 $ 0.09 $ 0.20 $ (0.01)
Diluted $ 0.09 $ 0.09 $ 0.20 $ (0.01)
Average common shares outstanding:        
Basic 4,481,625 4,704,660 4,494,234 4,702,904
Diluted 4,519,626 4,704,660 4,529,967 4,702,904