Disposal Groups, Including Discontinued Operations [Table Text Block] |
| | At December 31, | |
| | 2023 | |
| | (Unaudited) | |
Assets from Discontinued Operations | | | | |
Cash and cash equivalents | | $ | 4,121 | |
Loans held for sale | | | 9,580 | |
Premises and equipment, net | | | 277 | |
Goodwill | | | 2,058 | |
Prepaid expenses and other assets | | | 3,939 | |
Total Assets from Discontinued Operations | | $ | 19,975 | |
| | | | |
Liabilities and Stockholders’ Equity from Discontinued Operations | | | | |
Liabilities from Discontinued Operations | | | | |
Other short-term borrowings | | $ | 5,549 | |
Accrued interest payable | | | 565 | |
Accrued expenses and other liabilities | | | 7,052 | |
Total Liabilities from Discontinued Operations | | | 13,166 | |
Total Stockholders’ Equity from Discontinued Operations | | | 6,809 | |
Total Liabilities and Stockholders’ Equity from Discontinued Operations | | $ | 19,975 | |
| | For the Three Months Ended | | | For the Nine Months Ended | |
| | September 30, | | | September 30, | |
| | 2024 | | | 2023 | | | 2024 | | | 2023 | |
| | (In thousands, except for share data) | |
Interest and Dividend Income | | | | | | | | | | | | | | | | |
Interest on loans, including fees | | $ | - | | | $ | 145 | | | $ | 70 | | | $ | 423 | |
Interest and dividends on time deposits, investment securities, interest-bearing deposits with others, and Federal Home Loan Bank stock | | | - | | | | - | | | | - | | | | - | |
Total Interest and Dividend Income | | | - | | | | 145 | | | | 70 | | | | 423 | |
| | | | | | | | | | | | | | | | |
Interest Expense | | | | | | | | | | | | | | | | |
Interest on other borrowings | | | - | | | | 434 | | | | 295 | | | | 1,376 | |
Total Interest Expense | | | - | | | | 434 | | | | 295 | | | | 1,376 | |
Net Interest Loss | | | - | | | | (289 | ) | | | (225 | ) | | | (953 | ) |
| | | | | | | | | | | | | | | | |
Non-Interest Income | | | | | | | | | | | | | | | | |
Mortgage banking, equipment lending and title abstract fees | | | - | | | | 281 | | | | 404 | | | | 1,390 | |
Other fees and services charges | | | - | | | | 254 | | | | 197 | | | | 556 | |
Net loan servicing income | | | - | | | | 801 | | | | 726 | | | | 3,008 | |
Net gain on sale of loans | | | - | | | | 671 | | | | 366 | | | | 1,796 | |
Gain on sale of OCH (1) | | | - | | | | - | | | | 1,378 | | | | - | |
Total Non-Interest Income | | | - | | | | 2,007 | | | | 3,071 | | | | 6,750 | |
| | | | | | | | | | | | | | | | |
Non-Interest Expense | | | | | | | | | | | | | | | | |
Salaries and employee benefits | | | - | | | | 1,995 | | | | 1,681 | | | | 5,741 | |
Occupancy and equipment | | | - | | | | 212 | | | | 219 | | | | 608 | |
Professional fees | | | - | | | | 22 | | | | 31 | | | | 81 | |
Advertising | | | - | | | | 36 | | | | 146 | | | | 306 | |
Other | | | - | | | | 269 | | | | 987 | | | | 731 | |
Total Non-Interest Expense | | | - | | | | 2,534 | | | | 3,064 | | | | 7,467 | |
Total net loss from discontinued operations | | $ | - | | | $ | (816 | ) | | $ | (218 | ) | | $ | (1,670 | ) |
Loss attributable to non-controlling interest | | | - | | | | (399 | ) | | | (782 | ) | | | (818 | ) |
Net (loss) gain from discontinued operations | | $ | - | | | $ | (417 | ) | | $ | 564 | | | $ | (852 | ) |
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