Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
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| Interest income: | ||||
| Loans, including fees | $ 877,000 | $ 853,000 | $ 2,603,000 | $ 2,662,000 |
| Securities | ||||
| Taxable | 578,000 | 268,000 | 1,340,000 | 846,000 |
| Tax-exempt | 104,000 | 59,000 | 298,000 | 180,000 |
| Federal funds sold and other | 111,000 | 6,000 | 213,000 | 16,000 |
| Time deposits with other financial institutions | 14,000 | 11,000 | 25,000 | 59,000 |
| FHLB Stock | 4,000 | 4,000 | 11,000 | 10,000 |
| Total interest income | 1,688,000 | 1,201,000 | 4,490,000 | 3,773,000 |
| Interest expense: | ||||
| Deposits | 192,000 | 225,000 | 574,000 | 716,000 |
| Net interest income | 1,496,000 | 976,000 | 3,916,000 | 3,057,000 |
| (Reversal of) Provision for loan losses | (84,000) | (12,000) | (100,000) | 5,000 |
| Net interest income after provision for loan losses | 1,580,000 | 988,000 | 4,016,000 | 3,052,000 |
| Noninterest income: | ||||
| Gain on sale of mortgage loans | 30,000 | 71,000 | 99,000 | 316,000 |
| Realized gains on sales | 0 | 131,000 | 0 | 131,000 |
| Rental income on office building | 16,000 | 11,000 | 37,000 | 32,000 |
| Service charges on deposits | 75,000 | 75,000 | 222,000 | 216,000 |
| Increase in cash surrender value of BOLI | 45,000 | 46,000 | 132,000 | 134,000 |
| Other | 19,000 | 39,000 | 572,000 | 142,000 |
| Total noninterest income | 185,000 | 373,000 | 1,062,000 | 971,000 |
| Noninterest expense: | ||||
| Salaries and employee benefits | 993,000 | 824,000 | 3,003,000 | 2,515,000 |
| Equipment and occupancy | 154,000 | 168,000 | 496,000 | 509,000 |
| Data processing | 159,000 | 136,000 | 461,000 | 464,000 |
| Professional services | 141,000 | 32,000 | 411,000 | 144,000 |
| Advertising | 29,000 | 15,000 | 67,000 | 53,000 |
| Supervisory fees and assessments | 33,000 | 32,000 | 111,000 | 95,000 |
| Loan expenses | 16,000 | 27,000 | 65,000 | 99,000 |
| Deposit expenses | 61,000 | 49,000 | 149,000 | 144,000 |
| Foreclosure and other real estate owned expenses | 0 | 14,000 | 0 | 22,000 |
| Other | 92,000 | 59,000 | 394,000 | 224,000 |
| Total noninterest expense | 1,678,000 | 1,356,000 | 5,157,000 | 4,269,000 |
| Income (Loss) before income taxes | 87,000 | 5,000 | (79,000) | (246,000) |
| Income tax benefit | (31,000) | (11,000) | (67,000) | (248,000) |
| Net income (loss) | $ 118,000 | $ 16,000 | $ (12,000) | $ 2,000 |
| Earnings (loss) per common share basic and diluted (in dollars per share) | $ 0.02 | $ 0 | ||
| Weighted average shares outstanding (in shares) | 4,971,930 | 4,644,521 | ||
| X | ||||||||||
- Definition Represents expenses associated with the origination and maintenance of deposit accounts, including things such as ATM expenses. No definition available.
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- Definition Represents income from Federal Home Loan Bank stock. No definition available.
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- Definition Amount of supervisory fees and assessments. No definition available.
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate interest expense incurred on all domestic deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest income on federal funds sold. Federal funds sold represent the excess federal funds held by one commercial bank which it lends to another commercial bank, usually at an agreed-upon (federal funds) rate of interest. Such loans generally are of short-duration (overnight). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Expenses paid for obtaining loans which includes expenses such as application and origination fees. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Additions of other real estate not separately disclosed, including, but not limited to, real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. This excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure. No definition available.
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Income earned by providing the use of assets to an outside party in exchange for a payment or series of payments that is nonoperating in nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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