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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income:    
Loans, including fees $ 13,959 $ 15,305
Securities, taxable 1,349 1,588
Other 85 342
Total interest and dividend income 15,393 17,235
Interest expense:    
Interest-bearing deposits 2,320 4,642
Borrowed funds 721 291
Total interest expense 3,041 4,933
Net interest income 12,352 12,302
Provision (credit) for loan losses 500 (1,032)
Net interest income after provision for loan losses 11,852 13,334
Noninterest income:    
Service charges and other fees 814 856
Loan servicing 546 948
Net gain on sale of loans 3,499 715
Net gain on sale of securities 1,023  
Increase in cash value of insurance 400 399
Death benefit gain   158
Other 598 68
Total noninterest income 6,880 3,144
Noninterest expense:    
Salaries and employee benefits 9,674 9,571
Advertising and promotions 110 199
Data processing 761 795
Occupancy and equipment 1,361 1,726
FDIC assessment 112 84
OREO expense, net of gains on sale of foreclosed assets (6) (84)
Other 3,667 3,747
Total noninterest expense 15,679 16,038
Income before income taxes 3,053 440
Income tax expense (benefit) 1,736 (9)
Net income $ 1,317 $ 449
Earnings per share:    
Basic $ 0.28 $ 0.10
Diluted $ 0.28 $ 0.10
Average common shares outstanding:    
Basic 4,642,171 4,703,782
Diluted 4,685,208 4,703,782