NON-INTEREST INCOME

6 Months Ended

Jun. 30, 2025

NON-INTEREST INCOME

NON-INTEREST INCOME

14. NON-INTEREST INCOME

The Company has included the following tables regarding the Company’s non-interest income for the periods presented.

	For the three months ended June 30,
	2025		2024
	(In thousands)
Service fees
Deposit related fees	$	10	$	10
Loan servicing income		23		20
Total service fees		33		30
Income from financial services
Securities commission income		238		215
Insurance commission income		2		3
Total insurance and securities commission income		240		218
Card income
Debit card interchange fee income		81		79
ATM fees		8		8
Insufficient fund fees		69		67
Total card and insufficient funds income		158		154
Realized gain on sale of residential mortgage loans and available-for-sale securities
Realized gain on sales of residential mortgage loans		32		20
Realized net gain on available-for-sales securities		1		—
Bank owned life insurance		26		11
Other miscellaneous income		41		30
Total non-interest income	$	531	$	463

	For the six months ended June 30,
	2025		2024
	(In thousands)
Service fees
Deposit related fees	$	46	$	42
Loan servicing income		19		19
Total service fees		65		61
Income from financial services
Securities commission income		460		418
Insurance commission income		4		5
Total insurance and securities commission income		464		423
Card income
Debit card interchange fee income		150		147
ATM fees		15		15
Insufficient fund fees		134		130
Total card and insufficient funds income		299		292
Realized gain (loss) on sale of residential mortgage loans, and available-for-sale securities
Realized gain on sales of residential mortgage loans		65		22
Realized net (loss) on available-for-sales securities		1		—
Bank owned life insurance		52		22
Other miscellaneous income		71		55
Total non-interest income	$	1,017	$	875

The following is a discussion of key revenues within the scope of the new revenue guidance:

· Service fees — Revenue from fees on deposit accounts is earned at the time that the charge is assessed to the customer’s account. Fee waivers are discretionary and usually reversed within the same reporting period as assessed.

· Fee income — Fee income is earned through commissions and is satisfied over the time which the fee has been assessed.

· Card income and insufficient funds fees — Card income consists of interchange fees from consumer debit card networks and other card related services. Interchange rates are set by the card networks. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur. Insufficient funds fees are satisfied at the time the charge is assessed to the customer’s account.