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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and Dividend Income        
Loans, including fees $ 1,132 $ 911 $ 2,205 $ 1,770
Taxable 397 251 747 506
Tax-exempt 138 124 277 248
Dividends 5 3 12 9
Other 324 294 638 466
Total interest and dividend income 1,996 1,583 3,879 2,999
Interest Expense        
Deposits 748 443 1,397 760
Net Interest Income 1,248 1,140 2,482 2,239
Provision for Credit Losses 7 7 33 12
Net Interest Income After Provision for Credit Losses 1,241 1,133 2,449 2,227
Noninterest Income        
Loan servicing fees 16 18 33 37
Other 54 35 102 64
Total noninterest income 182 157 368 306
Noninterest Expense        
Salaries and employee benefits 528 653 1,117 1,173
Occupancy 60 57 140 131
Depreciation 41 38 81 75
Data processing 179 133 318 264
Professional fees 116 34 206 110
Marketing 47 50 83 85
Printing and office supplies 17 16 31 38
Foreclosed assets, net       1
Deposit insurance premiums 38 32 75 67
Other 37 29 72 81
Total noninterest expense 1,063 1,042 2,123 2,025
Income Before Income Taxes 360 248 694 508
Provision for Income Taxes 86 39 144 86
Net Income $ 274 209 $ 550 422
Earning per share (basic) (in dollar per share) $ 0.18   $ 0.35  
Earning per share (diluted) (in dollar per share) $ 0.18   $ 0.35  
Weighted-average shares outstanding (basic) (in shares) 1,554,592   1,553,904  
Weighted-average shares outstanding (diluted) (in shares) 1,554,592   1,553,904  
Commission income        
Noninterest Income        
Revenue $ 3 4 $ 15 9
Customer service fees        
Noninterest Income        
Revenue 107 98 214 192
Net realized gain (loss) on loan sales        
Noninterest Income        
Revenue $ 2 $ 2 $ 4 $ 4