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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income:    
Interest and fees on loans receivable $ 3,644 $ 4,359
Interest on investment securities 56 70
Other interest income 77 142
Total interest income 3,777 4,571
Interest Expense:    
Interest on deposits 383 1,055
Interest on borrowings 549 618
Total interest expense 932 1,673
Net interest income 2,845 2,898
Loan loss provision 0 (29)
Net interest income after loan loss provision 2,845 2,869
Non-Interest Income:    
Service charges 93 144
Net gain on sale of loans 0 7
Other 30 46
Total non-interest income 123 197
Non-Interest Expense:    
Compensation and benefits 5,390 2,055
Occupancy expense 308 315
Information services 241 237
Professional services 1,939 264
Office services and supplies 95 76
Corporate insurance 246 32
Amortization of investment in affordable housing limited partnership 26 45
Other 382 125
Total non-interest expense 8,627 3,149
Loss before income taxes (5,659) (83)
Income tax benefit (2,172) (50)
Net loss (3,487) (33)
Other comprehensive (loss) income, net of tax:    
Unrealized (losses) gains on securities available-for-sale arising during the period (158) 175
Income tax (benefit) expense (47) 52
Other comprehensive (loss) income, net of tax (111) 123
Comprehensive (loss) income $ (3,598) $ 90
Loss per common share-basic (in dollars per share) $ (0.13) $ 0
Loss per common share-diluted (in dollars per share) $ (0.13) $ 0