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Interim Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest Income        
Interest and fee income on loans $ 2,557 $ 2,877 $ 5,560 $ 5,731
Interest expense:        
Interest related to secured borrowings 328 560 748 1,178
Interest related to unsecured borrowings 895 808 1,776 1,593
Interest expense 1,223 1,368 2,524 2,771
Net interest and fee income 1,334 1,509 3,036 2,960
Less: credit loss provision 165 43 387 163
Net interest and fee income after credit loss provision 1,169 1,466 2,649 2,797
Non-Interest Income        
Other income 13 19 28 40
Gain on sale of real estate investments 10 10
Gain on foreclosed assets 17 15
Total non-interest income 13 46 28 65
 Income before non-interest expense 1,182 1,512 2,677 2,862
Non-Interest Expense        
Selling, general and administrative 586 617 1,415 1,443
Depreciation and amortization 20 20 41 40
Loss on foreclosed assets 278 479 34
Total non-interest expense 884 637 1,935 1,517
Net Income 298 875 742 1,345
Earned Distribution to Preferred Equity Holders 183 141 328 301
Net Income Attributable to Common Equity Holders $ 115 $ 734 $ 414 $ 1,044