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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income:    
Interest and fees on loans receivable $ 3,964 $ 3,429
Interest on mortgage-backed securities and other securities 75 83
Other interest income 98 103
Total interest income 4,137 3,615
Interest Expense:    
Interest on deposits 574 517
Interest on borrowings 484 427
Total interest expense 1,058 944
Net interest income before loan loss provision recapture 3,079 2,671
Loan loss provision recapture 350 300
Net interest income after loan loss provision recapture 3,429 2,971
Non-Interest Income:    
Service charges 121 126
Gain on sale of loans 27  
CDFI grant   265
Income from litigation settlement 1,183  
Other 28 152
Total non-interest income 1,359 543
Non-Interest Expense:    
Compensation and benefits 1,987 1,903
Occupancy expense 305 293
Information services 200 206
Professional services 174 127
FDIC assessments 43 25
Office services and supplies 72 70
Other 262 255
Total non-interest expense 3,043 2,879
Income before income taxes 1,745 635
Income taxes 513 2
Net income 1,232 633
Other comprehensive (loss) income, net of tax:    
Unrealized (losses) gains on securities available-for-sale arising during the period (6) 120
Income tax (benefit) expense (2) 29
Other comprehensive (loss) income net of tax (4) 91
Comprehensive income $ 1,228 $ 724
Earnings per common share-basic (in dollars per share) $ 0.05 $ 0.02
Earnings per common share-diluted (in dollars per share) $ 0.05 $ 0.02