XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Loans, including fees $ 2,950 $ 3,109
Debt and equity securities:    
Taxable 162 84
Tax-exempt 112 101
Interest-earning deposits 16 4
Other 9 23
Total interest income 3,249 3,321
Interest expense:    
Deposits 277 347
Long-term borrowings 77 122
Subordinated debt   9
Total interest expense 354 478
Net interest income 2,895 2,843
Provision for loan losses 150 135
Net interest income after provision for loan losses 2,745 2,708
Noninterest income:    
Banking fees and service charges 375 374
Mortgage banking income, net 9 13
Insurance commissions 197 174
Earnings on bank-owned life insurance 27 32
Change in fair value on equity securities (12) (15)
Other charges, commissions & fees 20 34
Total noninterest income 616 612
Noninterest expense:    
Compensation and benefits 1,235 1,259
Occupancy and equipment 485 520
Service charges 506 503
Regulatory assessments 63 95
Professional and other services 190 139
Advertising 108 108
Other expenses 303 264
Total noninterest expenses 2,890 2,888
Income before income tax expense 471 432
Income tax expense 75 79
Net income 396 353
Net income available to common shareholders $ 396 $ 353
Basic earnings per common share (in dollar per share) $ 0.17 $ 0.15
Diluted earnings per common share $ 0.17 $ 0.15