OTHER EXPENSES

9 Months Ended

Sep. 30, 2021

Other Income and Expenses [Abstract]

Other Expenses

OTHER EXPENSES

The Company had the following other noninterest expenses for the three and nine months ended September 30, 2021 and 2020:

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2021		2020		2021		2020
Deposit account expenses	$	130	$	108	$	372	$	320
Insurance	111		46		319		143
ATM expenses	93		79		236		247
Fraud losses	132		32		1,243		64
Other expenses	541		626		1,795		1,690
	$	1,007	$	891	$	3,965	$	2,464

For the nine months ended September 30, 2021, fraud losses include a $1.3 million charge related to an isolated wire transfer fraud incident. No additional expense is expected to be incurred relating to this incident and the Company submitted an insurance claim that could result in a recovery of a portion of the expense. As of the nine months ended September 30, 2021, the Company recovered approximately $0.2 million from other financial institutions related to the wire transfer incident