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STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income:        
Loans Receivable $ 878 $ 841 $ 1,756 $ 1,685
Investment Securities 41 27 78 55
Interest-Bearing Deposits 19 12 36 22
Total Interest Income 938 880 1,870 1,762
Interest Expense:        
Deposits 330 216 611 403
Advances from Federal Home Loan Bank 166 178 352 349
Total Interest Expense 496 394 963 752
Net Interest Income 442 486 907 1,010
Provision (Credit) for Loan Losses     (9) (11)
Net Interest Income After Provision (Credit) for Loan Losses 442 486 916 1,021
Non-Interest Income:        
Service Charges and Other Income 22 24 43 54
Fees on Loans Sold 105 86 172 103
Income from Life Insurance 24 28 47 59
Total Non-Interest Income 151 138 262 216
Non-Interest Expenses:        
Salaries and Employee Benefits 352 376 687 726
Occupancy Expense 74 52 135 100
FDIC Deposit Insurance Premium and Examination Fees 17 19 36 39
Data Processing 31 28 60 55
Accounting and Consulting 21 29 48 57
Other Real Estate Expense       1
Insurance 19 18 37 34
Legal Fees 1   1 1
Other 54 46 102 100
Total Non-Interest Expenses 569 568 1,106 1,113
Income Before Income Tax Expense 24 56 72 124
Income Tax Expense   8 5 18
Net Income $ 24 $ 48 $ 67 $ 106