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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans $ 1,847 $ 1,413
Debt securities 91 46
Other 27 44
Total interest income 1,965 1,503
Interest expense:    
Deposits 181 402
Borrowings 98 105
Total interest expense 279 507
Net interest income 1,686 996
(Credit) provision for loan losses (24) 189
Net interest income after (credit) provision for loan losses 1,710 807
Noninterest income:    
Service charges and fees 151 67
Other 25 6
Total noninterest income 176 73
Noninterest expenses:    
Salaries and employee benefits 698 548
Professional fees 112 171
Occupancy and equipment 152 148
Data processing 178 117
Insurance 23 24
Regulatory assessment 61 41
Other 314 139
Total noninterest expenses 1,538 1,188
Net earnings (loss) before income taxes 348 (308)
Income taxes
Net earnings (loss) $ 348 $ (308)
Net earnings (loss) per share - Basic and diluted $ 0.11 $ (0.11)