Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes.

Schedule of income taxes from continuing operations

(in thousands)	2019		2018
Income Taxes from Continuing Operations:
Current	$	—	$	—
Deferred		254		54
Income Tax Expense	$	254	$	54

Schedule of reconciliation of federal statutory rates and incomes tax rate and amount of income tax expense

	2019				2018
(in thousands)	Amount		%		Amount		%
Expected Income Tax Expense at Statutory Rate	$	41	21	%	$	73	21	%
Tax Exempt Income		(20)	(10)	%		(20)	(6)	%
Valuation Allowance for Deferred Tax Asset (Net Operating Loss)		222	87	%		—	—	%
Other Adjustments - Net		11	6	%		1	0	%
	$	254	104	%	$	54	15	%

Schedule of components of deferred tax assets and liabilities

(in thousands)	2019		2018
Deferred Loan Fees (Costs)	$	(241)	$	(259)
Allowance for Loan Losses		124		137
Federal Home Loan Bank Stock		(78)		(69)
Deferred Retirement Agreements		63		377
Tax Carryforward of Loss on Sale of Investment Securities		227		456
Tax Carryforwards of Net Operating Losses		324		15
All Other Temporary Differences		30		54
		449		711
Valuation Allowance for Deferred Tax Asset (Loss on Sale of Investment Securities)		(227)		(456)
Valuation Allowance for Deferred Tax Asset (Net Operating Losses)		(222)		—
		—		255
Unrealized Losses on Securities Available-for-Sale		5		25
Net Deferred Tax Asset	$	5	$	280