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Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income:        
Loans, including fees $ 2,734 $ 2,392 $ 7,932 $ 7,862
Securities        
Taxable 282 204 737 617
Tax-exempt 48 46 142 140
Other 103 32 207 64
Total interest and dividend income 3,167 2,674 9,018 8,683
Interest expense:        
Interest-bearing deposits 247 236 629 733
Borrowed funds 3 10 16 44
Total interest expense 250 246 645 777
Interest Income (Expense), Net, Total 2,917 2,428 8,373 7,906
Provision for loan losses 93 0 93 0
Net interest income after provision for loan losses 2,824 2,428 8,280 7,906
Noninterest income:        
Service charges and other fees 148 127 439 354
Net gain on sale of loans 0 12 31 232
Increase in cash surrender value of insurance 73 70 209 188
Other noninterest income 27 117 81 167
Total noninterest income 248 326 760 941
Noninterest expense:        
Salaries and employee benefits 1,383 1,209 3,942 3,957
Occupancy and equipment 315 269 874 795
Data processing 240 258 626 853
Technology 77 84 200 203
Foreclosed assets 0 (1) 0 0
Professional fees 124 110 404 325
Other noninterest expense 255 247 705 728
Total noninterest expense 2,394 2,176 6,751 6,861
Income before income taxes 678 578 2,289 1,986
Provision for income taxes 168 119 573 405
Net income $ 510 $ 459 $ 1,716 $ 1,581
Earnings per share        
Basic (in dollars per share) $ 0.10 $ 0.07 $ 0.31 $ 0.24
Diluted (in dollars per share) $ 0.10 $ 0.07 $ 0.30 $ 0.24