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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income:        
Interest and fees on loans receivable $ 3,591 $ 3,779 $ 7,020 $ 7,503
Interest on mortgage-backed and other securities 84 90 167 184
Other interest income 98 243 201 330
Total interest income 3,773 4,112 7,388 8,017
Interest expense:        
Interest on deposits 511 435 1,028 850
Interest on borrowings 421 536 848 1,067
Total interest expense 932 971 1,876 1,917
Net interest income before loan loss provision recapture 2,841 3,141 5,512 6,100
Loan loss provision recapture 250 750 550 1,500
Net interest income after loan loss provision recapture 3,091 3,891 6,062 7,600
Non-interest income:        
Service charges 120 102 246 208
Net gain on sale of loans   380   514
CDFI grant     265 355
Other 79 24 231 58
Total non-interest income 199 506 742 1,135
Non-interest expense:        
Compensation and benefits 1,709 1,670 3,612 3,438
Occupancy expense 289 287 582 586
Information services 180 245 386 462
Professional services 320 208 447 478
Office services and supplies 72 79 142 160
FDIC assessments 58 95 83 175
Corporate insurance 71 102 142 196
Other 272 552 456 781
Total non-interest expense 2,971 3,238 5,850 6,276
Income before income taxes 319 1,159 954 2,459
Income tax expense   6 2 8
Net income 319 1,153 952 2,451
Other comprehensive income (loss), net of tax:        
Unrealized gains (losses) on securities available-for-sale arising during the period 43 (118) 163 (61)
Income tax 38   67  
Other comprehensive income (loss), net of tax 5 (118) 96 (61)
Comprehensive income $ 324 $ 1,035 $ 1,048 $ 2,390
Earnings per common share - basic (in dollars per share) $ 0.01 $ 0.04 $ 0.03 $ 0.08
Earnings per common share - diluted (in dollars per share) $ 0.01 $ 0.04 $ 0.03 $ 0.08