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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and Dividend Income    
Interest and fees on loans $ 12,648 $ 12,550
Interest on investment securities 661 680
Dividends on investment securities 71 135
Other interest income 621 281
Total interest and dividend income 14,001 13,646
Interest Expense    
Interest on deposits 6,686 3,579
Interest on Federal Home Loan Bank and correspondent bank borrowings 1,214 1,436
Interest on senior debt 290 290
Interest on subordinated debt 406 326
Interest on note payable 1 2
Total interest expense 8,597 5,633
Net interest income 5,404 8,013
Provision for credit losses 658 2,220
Net interest income after provision for credit losses 4,746 5,793
Non-interest Income    
Loan application, inspection and processing fees 202 123
Deposit fees and service charges 81 68
Gains on sales of loans 267 81
Rental income 21 119
(Loss) gain on sale of investment securities, net (24) 24
Digital Payments income 964 361
Other income 736 59
Total non-interest income 2,247 835
Non-interest Expense    
Salaries and benefits 4,156 4,267
Occupancy and equipment expense 817 884
Data processing expense 324 294
Professional and other outside services 841 914
Project expenses, net 0 27
Advertising and promotional expense 46 85
Loan administration and processing expense 8 51
Regulatory assessments 219 182
Insurance expense, net 76 77
Communications, stationary and supplies 149 191
Other operating expense 590 612
Total non-interest expense 7,226 7,584
Loss before income taxes (233) (956)
Provision (benefit) for income taxes 66 (257)
Net loss $ (299) $ (699)
Basic loss per share (usd per share) $ (0.08) $ (0.18)
Diluted loss per share (usd per share) $ (0.08) $ (0.18)