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SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2023
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) |
Schedule of quarterly consolidated financial data | The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 QUARTER ENDED
​ |  | DEC. 31 |  | SEPT. 30 |  | JUNE 30 |  | MARCH 31
​ | ​ | (IN THOUSANDS, EXCEPT PER SHARE DATA)
Interest income | ​ | $ | 15,968 | ​ | $ | 15,439 | ​ | $ | 14,879 | ​ | $ | 14,574
Interest expense | ​ |  | 7,379 | ​ |  | 6,640 | ​ |  | 5,769 | ​ |  | 5,052
Net interest income | ​ |  | 8,589 | ​ |  | 8,799 | ​ |  | 9,110 | ​ |  | 9,522
Provision for credit losses | ​ |  | 6,018 | ​ |  | 189 | ​ |  | 43 | ​ |  | 1,179
Net interest income after provision for credit losses | ​ |  | 2,571 | ​ |  | 8,610 | ​ |  | 9,067 | ​ |  | 8,343
Non-interest income | ​ |  | 2,764 | ​ |  | 4,256 | ​ |  | 3,862 | ​ |  | 5,507
Non-interest expense | ​ |  | 12,133 | ​ |  | 12,095 | ​ |  | 13,177 | ​ |  | 11,963
Income (loss) before income taxes | ​ |  | (6,798) | ​ |  | 771 | ​ |  | (248) | ​ |  | 1,887
Provision (benefit) for income taxes | ​ |  | (1,477) | ​ |  | 124 | ​ |  | (61) | ​ |  | 372
Net income (loss) | ​ | $ | (5,321) | ​ | $ | 647 | ​ | $ | (187) | ​ | $ | 1,515
Basic earnings per common share | ​ | $ | (0.31) | ​ | $ | 0.04 | ​ | $ | (0.01) | ​ | $ | 0.09
Diluted earnings per common share | ​ |  | (0.31) | ​ |  | 0.04 | ​ |  | (0.01) | ​ |  | 0.09
Cash dividends declared per common share | ​ |  | 0.030 | ​ |  | 0.030 | ​ |  | 0.030 | ​ |  | 0.030
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 QUARTER ENDED
​ |  | DEC. 31 |  | SEPT. 30 |  | JUNE 30 |  | MARCH 31
​ | ​ | (IN THOUSANDS, EXCEPT PER SHARE DATA)
Interest income | ​ | $ | 13,803 | ​ | $ | 12,700 | ​ | $ | 11,527 | ​ | $ | 11,028
Interest expense | ​ |  | 3,660 | ​ |  | 2,171 | ​ |  | 1,403 | ​ |  | 1,261
Net interest income | ​ |  | 10,143 | ​ |  | 10,529 | ​ |  | 10,124 | ​ |  | 9,767
Provision (credit) for credit losses | ​ |  | 275 | ​ |  | 500 | ​ |  | (325) | ​ |  | (400)
Net interest income after provision (credit) for credit losses | ​ |  | 9,868 | ​ |  | 10,029 | ​ |  | 10,449 | ​ |  | 10,167
Non-interest income | ​ |  | 3,893 | ​ |  | 4,326 | ​ |  | 4,138 | ​ |  | 4,335
Non-interest expense | ​ |  | 12,688 | ​ |  | 11,727 | ​ |  | 12,110 | ​ |  | 11,479
Income before income taxes | ​ |  | 1,073 | ​ |  | 2,628 | ​ |  | 2,477 | ​ |  | 3,023
Provision for income taxes | ​ |  | 126 | ​ |  | 526 | ​ |  | 496 | ​ |  | 605
Net income | ​ | $ | 947 | ​ | $ | 2,102 | ​ | $ | 1,981 | ​ | $ | 2,418
Basic earnings per common share | ​ | $ | 0.06 | ​ | $ | 0.12 | ​ | $ | 0.12 | ​ | $ | 0.14
Diluted earnings per common share | ​ |  | 0.06 | ​ |  | 0.12 | ​ |  | 0.12 | ​ |  | 0.14
Cash dividends declared per common share | ​ |  | 0.030 | ​ |  | 0.030 | ​ |  | 0.030 | ​ |  | 0.025
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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1 + Details
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