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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 6,865 $ 6,850
Taxable securities 559 609
Nontaxable securities 111 119
Other 46 239
Total interest and dividend income 7,581 7,817
INTEREST EXPENSE    
Deposits 538 831
Short-term borrowings 13 41
Other borrowings 22 29
Total interest expense 573 901
NET INTEREST INCOME 7,008 6,916
Provision for loan losses 30 178
Net interest income, after provision for loan losses 6,978 6,738
NON INTEREST INCOME    
Gain on sale of loans, net 487 114
Earnings on bank owned life insurance 150 129
Unrealized gain or (loss) on equity securities, net 13 (13)
Other income 268 217
Total noninterest income 1,878 1,343
NON INTEREST EXPENSES    
Salaries and employee benefits 3,029 2,968
Occupancy expense 254 220
Equipment expense 177 135
Professional and director fees 295 330
Financial institutions and franchise tax expense 188 171
Marketing and public relations 79 127
Software expense 300 227
Debit card expense 171 140
Amortization of intangible assets 11 15
FDIC insurance expense 108  
Other expenses 669 674
Total noninterest expenses 5,281 5,007
Income before income taxes 3,575 3,074
FEDERAL INCOME TAX PROVISION 690 591
NET INCOME $ 2,885 $ 2,483
Basic and diluted net earnings per share $ 1.05 $ 0.91
Deposit Account [Member]    
NON INTEREST INCOME    
Noninterest income $ 207 $ 291
Fiduciary and Trust [Member]    
NON INTEREST INCOME    
Noninterest income 282 230
Debit Card [Member]    
NON INTEREST INCOME    
Noninterest income $ 471 $ 375