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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and Dividend Income    
Interest and fees on loans $ 7,743 $ 10,033
Interest on investment securities 310 416
Dividends on investment securities 34 138
Other interest income 24 135
Total interest and dividend income 8,111 10,722
Interest Expense    
Interest on deposits 785 3,200
Interest on Federal Home Loan Bank borrowings 733 697
Interest on senior debt 229 229
Interest on subordinated debt 234 268
Interest on note payable and other 4 5
Total interest expense 1,985 4,399
Net interest income 6,126 6,323
Provision for Loan Losses 804
Net interest income after provision for loan losses 6,126 5,519
Non-interest Income    
Loan application, inspection and processing fees 63 53
Deposit fees and service charges 65 114
Gains on sales of loans 94 12
Rental income 130 131
Other income 90 111
Total non-interest income 442 421
Non-interest Expense    
Salaries and benefits 2,216 3,861
Occupancy and equipment expense 920 949
Data processing expense 350 390
Professional and other outside services 852 784
Project expenses, net 10 94
Advertising and promotional expense 62 147
Loan administration and processing expense 24 24
Regulatory assessments 228 440
Insurance expense, net 60 70
Communications, stationary and supplies 145 120
Other operating expense 528 492
Total non-interest expense 5,395 7,371
Income (loss) before income taxes 1,173 (1,431)
Provision (benefit) for income taxes 319 (359)
Net income (loss) $ 854 $ (1,072)
Basic earnings (loss) per share (in dollars per share) $ 0.22 $ (0.27)
Diluted earnings (loss) per share (in dollars per share) $ 0.22 $ (0.27)