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Condensed Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income:        
Loans, including fees $ 2,505 $ 2,497 $ 4,940 $ 4,945
Securities        
Taxable 273 282 557 557
Tax-exempt 38 4 42 6
Other 2 21 86 46
Total interest and dividend income 2,818 2,804 5,625 5,554
Interest Expense:        
Interest-bearing deposits 395 633 878 1,232
Borrowed funds 48 91 109 179
Total interest expense 443 724 987 1,411
Net interest income 2,375 2,080 4,638 4,143
Provision for loan losses 215 85 255 155
Net interest income after provision for loan losses 2,160 1,995 4,383 3,988
Noninterest income:        
Service charges and other fees 48 64 103 99
Net gain on sale of loans 112 127 147 168
Net loss on sale of securities 15 5 15 (3)
Increase in cash surrender value of insurance 50 51 99 98
Other noninterest income 75 24 99 49
Total noninterest income 300 271 463 411
Noninterest expense:        
Salaries and employee benefits 1,023 906 2,155 2,003
Occupancy and equipment 215 242 459 484
Data processing 179 169 385 344
Technology 70 79 130 157
Foreclosed assets, net 19 1 3 2
Professional fees 243 104 351 216
Other noninterest expense 260 251 370 354
Total noninterest expense 2,009 1,752 3,853 3,560
Income before income taxes 451 514 993 839
Provision for income taxes 86 126 221 202
Net income $ 365 $ 388 $ 772 $ 637
Earnings Per Share        
Basic (in dollars per share) $ 0.05 $ 0.05 $ 0.11 $ 0.08
Diluted (in dollars per share) $ 0.05 $ 0.05 $ 0.11 $ 0.08