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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Loans, including fees $ 10,268 $ 9,770
Securities    
Taxable 814 1,058
Tax-exempt 187 144
Other 95 153
Total interest and dividend income 11,364 11,125
Interest expense:    
Interest-bearing deposits 939 1,435
Borrowed funds 50 183
Total interest expense 989 1,618
Net interest income 10,375 9,507
Provision for loan losses 0 520
Net interest income after provision for loan losses 10,375 8,987
Noninterest income:    
Service charges and other fees 473 254
Net gain on sale of loans 237 495
Net gain on sale of securities 0 15
Increase in cash surrender value of insurance 257 205
Other noninterest income 269 173
Total noninterest income 1,236 1,142
Noninterest expense:    
Salaries and employee benefits 5,207 4,351
Occupancy and equipment 1,045 903
Data processing 1,067 991
Technology 277 211
Foreclosed assets 0 4
Professional fees 444 526
Other noninterest expense 942 746
Total noninterest expense 8,982 7,732
Income before income taxes 2,629 2,397
Provision for income taxes 646 566
Net income $ 1,983 $ 1,831
Earnings per share    
Basic (in dollars per share) $ 0.31 $ 0.26
Diluted (in dollars per share) $ 0.31 $ 0.26