XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income:        
Interest and fees on loans receivable $ 3,835 $ 3,524 $ 10,855 $ 11,027
Interest on mortgage-backed and other securities 80 84 247 268
Other interest income 98 121 299 451
Total interest income 4,013 3,729 11,401 11,746
Interest expense:        
Interest on deposits 568 485 1,596 1,335
Interest on borrowings 419 446 1,267 1,513
Total interest expense 987 931 2,863 2,848
Net interest income before loan loss provision recapture 3,026 2,798 8,538 8,898
Loan loss provision recapture   200 550 1,700
Net interest income after loan loss provision recapture 3,026 2,998 9,088 10,598
Non-interest income:        
Service charges 119 117 365 325
Net gain on sale of loans   738   1,252
CDFI grant     265 355
Other 25 62 256 120
Total non-interest income 144 917 886 2,052
Non-interest expense:        
Compensation and benefits 1,729 1,765 5,341 5,203
Occupancy expense 301 312 883 898
Information services 199 222 585 684
Professional services 170 209 617 687
Office services and supplies 74 68 216 228
FDIC assessments 68 122 151 297
Corporate insurance 46 71 188 267
Other 256 159 712 940
Total non-interest expense 2,843 2,928 8,693 9,204
Income before income taxes 327 987 1,281 3,446
Income tax expense   8 2 16
Net income 327 979 1,279 3,430
Other comprehensive income (loss), net of tax:        
Unrealized gains (losses) on securities available-for-sale arising during the period (68) 21 95 (40)
Income tax (28)   39  
Other comprehensive income (loss), net of tax (40) 21 56 (40)
Comprehensive income $ 287 $ 1,000 $ 1,335 $ 3,390
Earnings per common share-basic (in dollars per share) $ 0.01 $ 0.03 $ 0.04 $ 0.12
Earnings per common share-diluted (in dollars per share) $ 0.01 $ 0.03 $ 0.04 $ 0.12