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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Interest and fees on loans receivable $ 3,415 $ 3,944 $ 6,924 $ 7,908
Interest on mortgage-backed and other securities 104 73 213 148
Other interest income 115 119 255 217
Total interest income 3,634 4,136 7,392 8,273
Interest expense:        
Interest on deposits 685 597 1,316 1,171
Interest on borrowings 377 537 730 1,021
Total interest expense 1,062 1,134 2,046 2,192
Net interest income 2,572 3,002 5,346 6,081
Loan loss provision recapture   300   650
Net interest income after loan loss provision recapture 2,572 3,302 5,346 6,731
Non-interest income:        
Service charges 111 100 226 221
Gain on sale of loans 11 196 11 223
Income from litigation settlement       1,183
Other 48 26 64 54
Total non-interest income 170 322 301 1,681
Non-interest expense:        
Compensation and benefits 1,751 1,328 3,656 3,315
Occupancy expense 317 315 633 620
Information services 206 208 420 408
Professional services 183 231 371 405
Office services and supplies 66 81 148 153
REO expense 24   86 (2)
Marketing expense 87 61 137 101
Corporate insurance 36 46 78 93
Amortization of investment in affordable housing limited partnership 49 48 97 98
Other 204 350 329 520
Total non-interest expense 2,923 2,668 5,955 5,711
(Loss) income before income taxes (181) 956 (308) 2,701
Income tax (benefit) expense (54) 423 (97) 936
Net (loss) income (127) 533 (211) 1,765
Other comprehensive loss, net of tax:        
Unrealized losses on securities available-for-sale arising during the period (76) 9 (360) 3
Income tax benefit (23) 3 (107) 1
Other comprehensive loss, net of tax (53) 6 (253) 2
Comprehensive (loss) income $ (180) $ 539 $ (464) $ 1,767
(Loss) earnings per common share-basic (in dollars per share) $ 0.00 $ 0.02 $ (0.01) $ 0.07
(Loss) earnings per common share-diluted (in dollars per share) $ 0.00 $ 0.02 $ (0.01) $ 0.07