QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA

The following table presents a comparative breakdown of our unaudited summary quarterly financial data for the immediately preceding eight quarters. 

	2019 Quarter Ended
	March 31		June 30		September 30		December 31
Total interest income	$	9,983	$	10,289	$	9,832	$	8,954
Total interest expense	(5,776)		(6,242)		(6,036)		(5,589)
Net interest income	4,207		4,047		3,796		3,365
Other income (loss)	(147)		(274)		(202)		178
Total expenses	2,648		2,176		1,703		2,238
Net income before provision for income taxes	1,412		1,597		1,891		1,305
(Provision for) benefit from income taxes	63		(203)		267		(83)
Net income	1,475		1,394		2,158		1,222
Net income (loss) attributable to common shareholders (basic and diluted)	(2,099)		1,390		2,154		1,218
Earnings (loss) per share:
Net income (loss) attributable to common shareholders (basic and diluted)	(2,099)		1,390		2,154		1,218
Weighted average number of shares of common stock outstanding:	23,687,664		23,687,664		23,687,664		23,688,251
Basic and diluted income (loss) per share	(0.09)		0.06		0.09		0.05

	2018 Quarter Ended
	March 31		June 30		September 30		December 31
Total interest income	$	21,516	$	17,551	$	9,719	$	10,169
Total interest expense	(18,398)		(12,981)		(4,604)		(5,571)
Net interest income	3,118		4,570		5,115		4,598
Other income (loss)	11,410		(23,670)		1,361		(476)
Total expenses	3,213		2,390		2,123		2,250
Net income before provision for income taxes	11,315		(21,490)		4,353		1,872
(Provision for) benefit from income taxes	—		—		—		(1,522)
Net income	11,315		(21,490)		4,353		350
Net income (loss) attributable to common shareholders (basic and diluted)	10,434		(22,361)		3,473		(546)
Earnings (loss) per share:
Net income (loss) attributable to common shareholders (basic and diluted)	10,434		(22,361)		3,473		(546)
Weighted average number of shares of common stock outstanding:	23,392,387		23,683,164		23,687,273		23,687,664
Basic and diluted income (loss) per share	0.45		(0.94)		0.15		(0.02)