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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Interest and fees on loans $ 14,129 $ 14,538
Interest on debt securities:    
Taxable 448 280
Non-taxable 895 915
Total interest on debt securities 1,343 1,195
Dividends 23 117
Total interest and dividend income 15,495 15,850
Interest expense:    
Interest on deposits 586 1,515
Interest on borrowings 649 1,659
Total interest expense 1,235 3,174
Net interest and dividend income 14,260 12,676
Provision for loan losses 205 480
Net interest and dividend income after provision for loan losses 14,055 12,196
Non-interest income:    
Customer service fees 1,007 979
Gain on sale of loans 130 323
Securities gains, net 535 410
Income from bank-owned life insurance 105 89
Loan servicing fee income (loss) 163 (3)
Investment services fees 247 198
Other income 62 50
Total non-interest income 2,249 2,046
Non-interest expense:    
Salaries and employee benefits 7,833 8,069
Director compensation 259 269
Occupancy expense 637 671
Equipment expense 548 576
Marketing 361 364
Data processing 1,407 1,166
Deposit insurance fees 125 117
Professional fees and assessments 834 891
Debit card fees 196 218
Employee travel and education expenses 120 100
Other expense 762 746
Total non-interest expense 13,082 13,187
Income before income tax expense (benefit) 3,222 1,055
Income tax expense (benefit) 601 (24)
Net income $ 2,621 $ 1,079
Earnings per share:    
Basic $ 0.45 $ 0.18
Diluted $ 0.45 $ 0.18
Weighted Average Shares:    
Basic 5,817,509 5,865,098
Diluted 5,817,509 5,865,098