Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2023

Quarterly Results of Operations (Unaudited)

Schedule of summary of consolidated unaudited quarterly results of operations

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,435	$	3,350	$	3,267	$	3,285
Interest expense		544		398		153		107
Net interest income		2,891		2,952		3,114		3,178
Provision for credit losses		103		(92)		127		(42)
Net securities gains		—		—		—		—
Gain on swap contract termination		—		—		—		—
Income before income taxes		140		539		301		521
Net income		167		552		275		435
Net income per share (basic and diluted)	$	0.06	$	0.19	$	0.10	$	0.15

__________________________________________2022__________________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,458	$	3,308	$	3,030	$	2,916
Interest expense		120		271		228		234
Net interest income		3,338		3,037		2,802		2,682
Provision for credit losses		66		39		(117)		(100)
Net securities gains		—		2		—		—
Gain on swap contract termination		206		—		—		—
Income before income taxes		994		395		345		251
Net income		830		375		309		231
Net income per share (basic and diluted)	$	0.29	$	0.13	$	0.11	$	0.08