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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and Dividend Income        
Interest and fees on loans $ 7,189 $ 8,578 $ 22,199 $ 27,722
Interest on investment securities 692 340 1,422 1,134
Dividends on investment securities 59 85 150 313
Other interest income 20 28 67 187
Total interest and dividend income 7,960 9,031 23,838 29,356
Interest Expense        
Interest on deposits 448 2,028 1,856 8,020
Interest on Federal Home Loan Bank borrowings 756 628 2,230 1,963
Interest on senior debt 229 229 686 686
Interest on subordinated debt 233 235 700 756
Interest on note payable and other 4 5 12 15
Total interest expense 1,670 3,125 5,484 11,440
Net interest income 6,290 5,906 18,354 17,916
(Credit) provision for loan losses (300) 85 (300) 1,799
Net interest income after (credit) provision for loan losses 6,590 5,821 18,654 16,117
Non-interest Income        
Loan application, inspection and processing fees 79 54 203 147
Deposit fees and service charges 61 73 190 253
Gains on sales of loans 0 380 352 464
Rental income 130 131 400 393
Gain on sale of investment securities 26 0 119 0
Other income 627 66 854 257
Total non-interest income 923 704 2,118 1,514
Non-interest Expense        
Salaries and benefits 2,843 3,460 7,506 10,966
Occupancy and equipment expense 832 810 2,530 2,680
Data processing expense 376 433 1,088 1,194
Professional and other outside services 633 627 2,199 2,137
Project expenses, net 4 6 15 154
Advertising and promotional expense 57 107 196 377
Loan administration and processing expense 23 75 61 135
Regulatory assessments 213 355 649 1,159
Insurance expense, net 79 67 214 215
Communications, stationary and supplies 161 118 450 371
Other operating expense 490 560 1,484 1,491
Total non-interest expense 5,711 6,618 16,392 20,879
Income (loss) before income taxes 1,802 (93) 4,380 (3,248)
Provision (benefit) for income taxes 479 (6) 1,181 (811)
Net income (loss) $ 1,323 $ (87) $ 3,199 $ (2,437)
Basic earnings (loss) per share (in dollars per share) $ 0.34 $ (0.02) $ 0.81 $ (0.62)
Diluted earnings (loss) per share (in dollars per share) $ 0.34 $ (0.02) $ 0.81 $ (0.62)