Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (unaudited)

v3.21.4
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans, including fees $ 853 $ 985 $ 2,662 $ 3,109
Securities        
Taxable 268 251 846 889
Tax-exempt 59 60 180 211
Federal funds sold and other 7 8 16 122
Time deposits with other financial institutions 11 80 59 325
FHLB Stock 3 3 10 9
Total interest income 1,201 1,387 3,773 4,665
Interest expense:        
Deposits 225 343 716 1,183
Net interest income 976 1,044 3,057 3,482
(Release of) provision for loan losses (12) 90 5 310
Net interest income after provision for loan losses 988 954 3,052 3,172
Noninterest income:        
Gain on sale of mortgage loans 71 246 316 392
Gain on sale of securities 131   131 59
Rental income on office building 11 11 32 32
Service charges on deposits 74 64 216 191
Increase in cash surrender value of BOLI 46 46 134 136
Other 40 57 142 118
Total noninterest income 373 424 971 928
Noninterest expense:        
Salaries and employee benefits 824 938 2,515 2,737
Equipment and occupancy 168 167 509 519
Data processing 136 152 464 398
Advertising 15 11 53 51
Supervisory fees and assessments 32 32 95 85
Loan expenses 27 41 99 100
Foreclosure and other real estate owned expenses 14 3 22 6
Other 140 254 512 730
Total noninterest expense 1,356 1,598 4,269 4,626
Income (losses) before income taxes 5 (220) (246) (526)
Income tax benefit (12) (245) (248) (327)
Net income (losses) $ 17 $ 25 $ 2 $ (199)