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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans receivable $ 3,944 $ 3,591 $ 7,908 $ 7,020
Interest on mortgage-backed and other securities 73 84 148 167
Other interest income 119 98 217 201
Total interest income 4,136 3,773 8,273 7,388
Interest expense:        
Interest on deposits 597 511 1,171 1,028
Interest on borrowings 537 421 1,021 848
Total interest expense 1,134 932 2,192 1,876
Net interest income 3,002 2,841 6,081 5,512
Loan loss provision recapture 300 250 650 550
Net interest income after loan loss provision recapture 3,302 3,091 6,731 6,062
Non-interest income:        
Service charges 100 120 221 246
Gain on sale of loans 196   223  
CDFI grant       265
Income from litigation settlement     1,183  
Other 26 79 54 231
Total non-interest income 322 199 1,681 742
Non-interest expense:        
Compensation and benefits 1,328 1,709 3,315 3,612
Occupancy expense 315 289 620 582
Information services 208 180 408 386
Professional services 231 320 405 447
Office services and supplies 81 72 153 142
FDIC assessments 41 58 84 83
Other 464 343 726 598
Total non-interest expense 2,668 2,971 5,711 5,850
Income before income taxes 956 319 2,701 954
Income taxes 423   936 2
Net income 533 319 1,765 952
Other comprehensive income, net of tax:        
Unrealized gains on securities available-for-sale arising during the period 9 43 3 163
Income tax 3 38 1 67
Other comprehensive income, net of tax 6 5 2 96
Comprehensive income $ 539 $ 324 $ 1,767 $ 1,048
Earnings per common share-basic (in dollars per share) $ 0.02 $ 0.01 $ 0.07 $ 0.03
Earnings per common share-diluted (in dollars per share) $ 0.02 $ 0.01 $ 0.07 $ 0.03