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CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:    
Interest and fees on loans $ 14,092,000 $ 14,129,000
Interest on debt securities:    
Taxable 1,084,000 448,000
Non-taxable 1,316,000 895,000
Total interest on debt securities 2,400,000 1,343,000
Dividends 118,000 23,000
Total interest and dividend income 16,610,000 15,495,000
Interest expense:    
Interest on deposits 701,000 586,000
Interest on borrowings 1,046,000 649,000
Total interest expense 1,747,000 1,235,000
Net interest and dividend income 14,863,000 14,260,000
Provision for loan losses   205,000
Net interest and dividend income after provision for loan losses 14,863,000 14,055,000
Non-interest income:    
Customer service fees 1,039,000 1,007,000
Gain on sale of loans 2,000 130,000
Securities (losses) gains, net (747,000) 535,000
Income from bank-owned life insurance 100,000 105,000
Loan servicing fee income 126,000 163,000
Investment services fees 328,000 247,000
Other income 40,000 62,000
Total non-interest income 888,000 2,249,000
Non-interest expense:    
Salaries and employee benefits 10,673,000 7,833,000
Director compensation 324,000 259,000
Occupancy expense 732,000 637,000
Equipment expense 488,000 548,000
Marketing 598,000 361,000
Data processing 1,400,000 1,407,000
Deposit insurance fees 154,000 125,000
Professional fees and assessments 983,000 834,000
Debit card fees 184,000 196,000
Employee travel and education expenses 198,000 120,000
Other expense 1,033,000 762,000
Total non-interest expense 16,767,000 13,082,000
(Loss) income before income tax (benefit) expense (1,016,000) 3,222,000
Income tax (benefit) expense (451,000) 601,000
Net (loss) income $ (565,000) $ 2,621,000
(Loss) earnings per share:    
Basic $ (0.10) $ 0.45
Diluted $ (0.10) $ 0.45
Weighted Average Shares:    
Basic 5,767,325 5,817,509
Diluted 5,767,325 5,817,509