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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest and Dividend Income        
Loans, including fees $ 1,209 $ 963 $ 3,414 $ 2,733
Taxable 408 241 1,155 747
Tax-exempt 137 124 414 371
Dividends 5 5 17 14
Other 258 345 895 811
Total interest and dividend income 2,017 1,678 5,895 4,676
Interest Expense        
Deposits 776 517 2,173 1,276
Net Interest Income 1,241 1,161 3,722 3,400
Provision for Credit Losses 113 71 146 83
Net Interest Income After Provision for Credit Losses 1,128 1,090 3,576 3,317
Noninterest Income        
Loan servicing fees 16 19 50 56
Other 30 49 133 113
Total noninterest income 168 183 537 489
Noninterest Expense        
Salaries and employee benefits 594 510 1,711 1,683
Occupancy 70 64 210 195
Depreciation 37 38 118 112
Data processing 114 137 432 401
Professional fees 86 34 291 143
Marketing 37 37 120 123
Printing and office supplies 19 17 50 55
Foreclosed assets, net   3   4
Deposit insurance premiums 54 36 129 103
Other 25 27 97 109
Total noninterest expense 1,036 903 3,158 2,928
Income Before Income Taxes 260 370 955 878
Provision for Income Taxes 18 70 163 156
Net Income $ 242 300 $ 792 722
Earning per share (basic) (in dollar per share) $ 0.16   $ 0.51  
Earning per share (diluted) (in dollar per share) $ 0.16   $ 0.51  
Weighted-average shares outstanding (basic) (in shares) 1,555,970   1,554,590  
Weighted-average shares outstanding (diluted) (in shares) 1,555,970   1,554,590  
Commission income        
Noninterest Income        
Revenue $ 8 5 $ 23 14
Customer service fees        
Noninterest Income        
Revenue 112 108 326 300
Net realized gain (loss) on loan sales        
Noninterest Income        
Revenue $ 2 $ 2 $ 5 $ 6