| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Loans, including fees | ||||||
15,305 | 14,997 | 13,076 | ||||
Securities, taxable | ||||||
1,588 | 1,711 | 2,102 | ||||
Other | ||||||
342 | 45 | 78 | ||||
Total interest and dividend income | ||||||
17,235 | 16,753 | 15,256 | ||||
Interest expense: | ||||||
Interest-bearing deposits | ||||||
4,642 | 3,691 | 2,893 | ||||
Borrowed funds | ||||||
291 | 542 | 468 | ||||
Total interest expense | ||||||
4,933 | 4,233 | 3,361 | ||||
Net interest income | ||||||
12,302 | 12,520 | 11,895 | ||||
Provision for loan losses | ||||||
-1,032 | - | 0 | ||||
Net interest income after provision for loan losses | ||||||
13,334 | 12,520 | 11,895 | ||||
Noninterest income: | ||||||
Service charges and other fees | ||||||
856 | 875 | 867 | ||||
Loan servicing, net | ||||||
948 | 707 | 779 | ||||
Net gain on sale of loans | ||||||
715 | 707 | 772 | ||||
Net gain on sale of securities | ||||||
- | 67 | - | ||||
Increase in cash value of insurance | ||||||
399 | 404 | - | ||||
Increase in cash surrender value of insurance | ||||||
- | - | 411 | ||||
Death benefit gain | ||||||
158 | 120 | - | ||||
Net gain on sale of foreclosed assets | ||||||
84 | - | - | ||||
Other | ||||||
68 | 59 | 63 | ||||
Total noninterest income | ||||||
3,228 | 2,939 | 2,892 | ||||
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
9,571 | 9,505 | 8,648 | ||||
Impairment loss on premises and equipment | ||||||
- | - | 1,095 | ||||
Advertising and promotions | ||||||
199 | 121 | 182 | ||||
Data processing | ||||||
795 | 744 | 1,031 | ||||
Occupancy and equipment | ||||||
1,726 | 1,646 | 1,635 | ||||
FDIC assessment | ||||||
84 | 388 | 253 | ||||
Other | ||||||
3,747 | 3,251 | 3,746 | ||||
Total noninterest expense | ||||||
16,122 | 15,655 | 16,590 | ||||
Income (loss) before income taxes | ||||||
440 | -196 | -1,803 | ||||
Income tax expense (benefit) | ||||||
-9 | -177 | -3,462 | ||||
Net income (loss) | ||||||
449 | -19 | 1,659 | ||||
Earnings per common share: | ||||||
Basic | ||||||
0.10 | - | - | ||||
Diluted | ||||||
0.10 | - | - | ||||
Average common shares outstanding: | ||||||
Basic | ||||||
4,703,782 | - | - | ||||
Diluted | ||||||
4,703,782 | - | - | ||||