11. Subsequent Events	6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]
11. Subsequent Events	*11. Subsequent Events* In September 2017, an investment of $250,000 was received from Bryn Mawr Trust. In addition, in April 2019, the Bank received an economic stimulus grant from the City of Philadelphia of $2,500,000 which served to improve its Tier I leverage capital ratio.At December 31, 2019, the Bank’s tier one leverage capital ratio was 5.66% and its total risk based capital ratio was 11.91% which is considered “adequately capitalized” under the regulatory framework for prompt and corrective action. The Bank’s growth and other operating factors such as the need for additional provisions to the allowance for loans losses may have an adverse effect on its capital ratios. Beginning in March 2020, the onset of the COVID-19 pandemic has had an adverse economic effect on a global, national, and local level. Following the outbreak, market interest rates have declined significantly as the 10-year Treasury bond fell below 1.00% in early March 2020 which could lead to a reduction in the Bank’s net interest margin. In addition, this event may adversely affect asset quality related to the Company’s small business loan customers that have been affected by a reduction in their business operations because of government imposed restrictions. As a result, the Company has deferred loan payments as necessary for those customers that have been impacted by the pandemic. The pandemic has also impacted the way that the Company is conducting business. Since notice of the pandemic, the Company has temporarily closed its Center City branch office and consolidated all customer service activity at its Progress Plaza branch. In addition, the Company has maintained limited on site presence of 4 employees or less in the Lending Department while all other employees work remotely in an effort to slow the spread of the pandemic. The full extent of the effect of the pandemic is not yet known. In September 2020, the Bank received a grant totaling $3.4 million from the Pennsylvania CDFI Network to provide financial assistance related to potential losses related to the COVID-19 pandemic. Approximately $2.8 million of this grant was recorded as contributed capital and $617,000 was recorded as deferred revenue. The deferred revenue portion of the grant was allocated to be used to make principal and interest payments for up to six months for struggling small businesses in the Bank’s loan portfolio.At September 30, 2020, the Bank’s tier one leverage capital ratio was 10.46% and its total risk based capital ratio was 23.45% which is considered “well capitalized” under the regulatory framework for prompt and corrective action.

11. Subsequent Events

6 Months Ended

Jun. 30, 2017

11. Subsequent Events

In September 2017, an investment of $250,000 was received from Bryn Mawr Trust. In addition, in April 2019, the Bank received an economic stimulus grant from the City of Philadelphia of $2,500,000 which served to improve its Tier I leverage capital ratio.At December 31, 2019, the Bank’s tier one leverage capital ratio was 5.66% and its total risk based capital ratio was 11.91% which is considered “adequately capitalized” under the regulatory framework for prompt and corrective action. The Bank’s growth and other operating factors such as the need for additional provisions to the allowance for loans losses may have an adverse effect on its capital ratios.

Beginning in March 2020, the onset of the COVID-19 pandemic has had an adverse economic effect on a global, national, and local level. Following the outbreak, market interest rates have declined significantly as the 10-year Treasury bond fell below 1.00% in early March 2020 which could lead to a reduction in the Bank’s net interest margin. In addition, this event may adversely affect asset quality related to the Company’s small business loan customers that have been affected by a reduction in their business operations because of government imposed restrictions. As a result, the Company has deferred loan payments as necessary for those customers that have been impacted by the pandemic. The pandemic has also impacted the way that the Company is conducting business. Since notice of the pandemic, the Company has temporarily closed its Center City branch office and consolidated all customer service activity at its Progress Plaza branch. In addition, the Company has maintained limited on site presence of 4 employees or less in the Lending Department while all other employees work remotely in an effort to slow the spread of the pandemic. The full extent of the effect of the pandemic is not yet known.

In September 2020, the Bank received a grant totaling $3.4 million from the Pennsylvania CDFI Network to provide financial assistance related to potential losses related to the COVID-19 pandemic. Approximately $2.8 million of this grant was recorded as contributed capital and $617,000 was recorded as deferred revenue. The deferred revenue portion of the grant was allocated to be used to make principal and interest payments for up to six months for struggling small businesses in the Bank’s loan portfolio.At September 30, 2020, the Bank’s tier one leverage capital ratio was 10.46% and its total risk based capital ratio was 23.45% which is considered “well capitalized” under the regulatory framework for prompt and corrective action.