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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest Income:    
Interest and fees on loans receivable $ 14,279 $ 15,397
Interest on mortgage-backed securities and other securities 413 318
Other interest income 545 572
Total interest income 15,237 16,287
Interest Expense:    
Interest on deposits 3,089 2,398
Interest on borrowings 1,840 1,950
Total interest expense 4,929 4,348
Net interest income before loan loss provision recapture 10,308 11,939
Loan loss provision recapture 1,254 1,100
Net interest income after loan loss provision recapture 11,562 13,039
Non-Interest Income:    
Service charges 449 446
Net gain on sales of loans 70 560
CDFI grant 233 227
Income from litigation settlement   1,183
Other 113 114
Total non-interest income 865 2,530
Non-Interest Expense:    
Compensation and benefits 7,055 7,092
Occupancy expense 1,278 1,278
Information services 822 818
Professional services 653 716
Office services and supplies 289 302
Loan related expenses 167 205
Corporate insurance 147 196
Amortization of investment in affordable housing limited partnership 195 195
Other 950 1,035
Total non-interest expense 11,556 11,837
Income before income taxes 871 3,732
Income tax expense 56 1,863
Net income 815 1,869
Other comprehensive loss, net of tax:    
Unrealized losses on securities available-for-sale arising during the period (292) (98)
Income tax benefit 90 54
Other comprehensive loss, net of tax (202) (44)
Comprehensive income $ 613 $ 1,825
Earnings per common share-basic (in dollars per share) $ 0.03 $ 0.07
Earnings per common share-diluted (in dollars per share) $ 0.03 $ 0.07