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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and Dividend Income        
Interest and fees on loans $ 7,267 $ 9,111 $ 15,010 $ 19,144
Interest on investment securities 420 378 730 794
Dividends on investment securities 57 90 91 228
Other interest income 23 24 47 159
Total interest and dividend income 7,767 9,603 15,878 20,325
Interest Expense        
Interest on deposits 623 2,792 1,408 5,992
Interest on Federal Home Loan Bank borrowings 741 638 1,474 1,335
Interest on senior debt 228 228 457 457
Interest on subordinated debt 233 253 467 521
Interest on note payable and other 4 5 8 10
Total interest expense 1,829 3,916 3,814 8,315
Net interest income 5,938 5,687 12,064 12,010
Provision for Loan Losses 0 910 0 1,714
Net interest income after provision for loan losses 5,938 4,777 12,064 10,296
Non-interest Income        
Loan application, inspection and processing fees 61 40 124 93
Deposit fees and service charges 64 66 129 180
Gains on sales of loans 258 72 352 84
Rental income 140 131 270 262
Gain on sale of investment securities 93 0 93 0
Other income 137 80 227 191
Total non-interest income 753 389 1,195 810
Non-interest Expense        
Salaries and benefits 2,447 3,645 4,663 7,506
Occupancy and equipment expense 778 921 1,698 1,870
Data processing expense 362 371 712 761
Professional and other outside services 714 726 1,566 1,510
Project expenses, net 1 54 11 148
Advertising and promotional expense 77 123 139 270
Loan administration and processing expense 14 36 38 60
Regulatory assessments 208 364 436 804
Insurance expense, net 75 78 135 148
Communications, stationary and supplies 144 133 289 253
Other operating expense 466 439 994 931
Total non-interest expense 5,286 6,890 10,681 14,261
Income (loss) before income taxes 1,405 (1,724) 2,578 (3,155)
Provision (benefit) for income taxes 383 (446) 702 (805)
Net income (loss) $ 1,022 $ (1,278) $ 1,876 $ (2,350)
Basic earnings (loss) per share (in dollars per share) $ 0.26 $ (0.32) $ 0.48 $ (0.60)
Diluted earnings (loss) per share (in dollars per share) $ 0.26 $ (0.32) $ 0.47 $ (0.60)