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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and Dividend Income    
Interest and fees on loans $ 7,664 $ 7,743
Interest on investment securities 570 310
Dividends on investment securities 65 34
Other interest income 21 24
Total interest and dividend income 8,320 8,111
Interest Expense    
Interest on deposits 409 785
Interest on Federal Home Loan Bank borrowings 737 733
Interest on senior debt 210 229
Interest on subordinated debt 234 234
Interest on note payable and other 4 4
Total interest expense 1,594 1,985
Net interest income 6,726 6,126
Provision for loan losses 0 0
Net interest income after provision for loan losses 6,726 6,126
Non-interest Income    
Loan application, inspection and processing fees 87 63
Deposit fees and service charges 64 65
Gains on sales of loans 208 94
Rental income 192 130
Other income 263 90
Total non-interest income 814 442
Non-interest Expense    
Salaries and benefits 3,346 2,216
Occupancy and equipment expense 836 920
Data processing expense 330 350
Professional and other outside services 789 852
Project expenses, net 52 10
Advertising and promotional expense 68 62
Loan administration and processing expense 105 24
Regulatory assessments 174 228
Insurance expense, net 77 60
Communications, stationery and supplies 135 145
Other operating expense 517 528
Total non-interest expense 6,429 5,395
Income before income taxes 1,111 1,173
Provision for income taxes 311 319
Net income $ 800 $ 854
Basic earnings per share (in dollars per share) $ 0.20 $ 0.22
Diluted earnings per share (in dollars per share) $ 0.20 $ 0.22