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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:      
Interest on loans receivable $ 38,172 $ 32,660 $ 32,100
Interest and dividends on investment securities and FHLB stock 817 1,081 1,490
Total interest and dividend income 38,989 33,741 33,590
Interest expense:      
Interest on certificates of deposit 5,917 5,502 5,268
Interest on other deposits 656 427 321
Interest on borrowings 210 7 61
Total interest expense 6,783 5,936 5,650
Net interest income 32,206 27,805 27,940
Provision for loan losses (recovery) (Note 4) 1,716 (57) 353
Net interest income after provision for loan losses (recovery) 30,490 27,862 27,587
Noninterest income:      
Service charges and fees 909 938 1,073
Brokerage commissions 547 515 421
Late and prepayment charges 810 302 548
Other 838 676 420
Total noninterest income 3,104 2,431 2,462
Noninterest expense:      
Compensation and benefits 17,109 14,979 13,463
Occupancy expense 5,825 5,651 5,754
Data processing expenses 1,470 1,617 1,299
Direct loan expenses 739 860 725
Insurance and surety bond premiums 269 464 699
Office supplies, telephone and postage 1,103 1,071 997
FDIC deposit insurance assessment 250 538 899
Charitable foundation contributions 6,293    
Other operating expenses 3,499 2,683 2,380
Total noninterest expense 36,557 27,863 26,216
Income (loss) before income taxes (2,963) 2,430 3,833
Provision for income taxes (Note 8) 1,424 1,005 1,315
Net income (loss) $ (4,387) $ 1,425 $ 2,518
Earnings per share for the period September 29, 2017 to December 31, 2017: (Note 10)      
Basic $ (0.16)    
Diluted $ (0.16)