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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans receivable $ 9,003 $ 6,751
Securities available for sale:    
Mortgage-backed and related 652 727
Other marketable 143 61
Other 115 26
Total interest income 9,913 7,565
Interest expense:    
Deposits 1,803 283
Customer escrows 32 0
Advances and other borrowings 15 0
Total interest expense 1,850 283
Net interest income 8,063 7,282
Provision for credit losses (1) [1] (8) 296
Net interest income after provision for credit losses 8,071 6,986
Non-interest income:    
Gain on sales of loans 295 868
Other 426 355
Total non-interest income 1,928 2,375
Non-interest expense:    
Compensation and benefits 4,805 4,288
Occupancy and equipment 950 1,050
Data processing 505 354
Professional services 237 529
Other 1,196 1,031
Total non-interest expense 7,693 7,252
Income before income tax expense 2,306 2,109
Income tax expense 672 622
Net income 1,634 1,487
Other comprehensive income (loss), net of tax 2,246 (10,018)
Comprehensive income (loss) available to common stockholders $ 3,880 $ (8,531)
Basic earnings per share (in dollars per share) $ 0.38 $ 0.34
Diluted earnings per share (in dollars per share) $ 0.37 $ 0.34
Financial Service [Member]    
Non-interest income:    
Revenue from Contract with Customer $ 807 $ 766
Bank Servicing [Member]    
Non-interest income:    
Revenue from Contract with Customer $ 400 $ 386
[1] The Company adopted Accounting Standard Update (ASU) 2016-13 as of January 1, 2023. The 2022 amount presented is calculated under the prior accounting standard.