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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Interest income:    
Loans $ 4,839 $ 4,385
Mortgage-backed securities 244 228
Investment securities 225 158
Money market investments 21 17
Total interest income 5,329 4,788
Interest expense:    
Deposits 525 1,075
Advances and other borrowed money 152 167
Total interest expense 677 1,242
Net interest income 4,652 3,546
Provision for (recovery of) loan losses 72 (102)
Net interest income after provision for (recovery of) loan losses 4,580 3,648
Non-interest income:    
Depository fees and charges 603 587
Loan fees and service charges 102 72
Gain on sale of securities 0 862
Other 936 162
Total non-interest income 1,641 1,683
Non-interest expense:    
Employee compensation and benefits 2,808 2,646
Net occupancy expense 1,087 1,111
Equipment, net 474 394
Data processing 837 460
Consulting fees 20 61
Federal deposit insurance premiums 91 72
Other 3,660 1,399
Total non-interest expense 8,977 6,143
Loss before income taxes (2,756) (812)
Income tax expense 0 0
Net loss $ (2,756) $ (812)
Loss per common share:    
Loss per Share, Basic (in dollars per share) $ (0.81) $ (0.22)
Loss per Share, Diluted (in dollars per share) $ (0.81) $ (0.22)