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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Interest and fees on loans receivable $ 4,115 $ 3,509
Interest on mortgage-backed and other securities 98 109
Other interest income 160 140
Total interest income 4,373 3,758
Interest expense:    
Interest on deposits 1,027 631
Interest on borrowings 533 353
Total interest expense 1,560 984
Net interest income 2,813 2,774
Loan loss provision recapture 190  
Net interest income after loan loss provision recapture 3,003 2,774
Non-interest income:    
Service charges 122 115
CDFI grant 233  
Other 21 16
Total non-interest income 376 131
Non-interest expense:    
Compensation and benefits 1,882 1,905
Occupancy expense 308 316
Information services 208 214
Professional services 339 188
Office services and supplies 68 82
REO expense 31 62
Marketing expense 39 50
Corporate insurance 35 42
Amortization of investment in affordable housing limited partnership 49 48
Other 101 125
Total non-interest expense 3,060 3,032
Income (loss) before income taxes 319 (127)
Income tax expense (benefit) 42 (43)
Net income (loss) 277 (84)
Other comprehensive income (loss), net of tax:    
Unrealized gains (losses) on securities available-for-sale arising during the period 196 (283)
Income tax expense (benefit) 58 (83)
Other comprehensive income (loss), net of tax 138 (200)
Comprehensive income (loss) $ 415 $ (284)
Earnings (loss) per common share-basic (in dollars per share) $ 0.01 $ 0.00
Earnings (loss) per common share-diluted (in dollars per share) $ 0.01 $ 0.00