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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Loans receivable $ 9,619 $ 7,165 $ 18,622 $ 13,916
Securities available for sale:        
Mortgage-backed and related 600 708 1,252 1,435
Other marketable 200 108 343 169
Other 78 76 193 102
Total interest income 10,497 8,057 20,410 15,622
Interest expense:        
Deposits 2,549 287 4,352 570
Customer escrows 23 0 55 0
Advances and other borrowings 197 5 212 5
Total interest expense 2,769 292 4,619 575
Net interest income 7,728 7,765 15,791 15,047
Provision for credit losses [1] 256 66 248 362
Net interest income after provision for credit losses 7,472 7,699 15,543 14,685
Non-interest income:        
Gain on sales of loans 334 814 629 1,682
Other 418 496 844 851
Total non-interest income 1,974 2,516 3,902 4,891
Non-interest expense:        
Compensation and benefits 4,459 4,162 9,264 8,450
Occupancy and equipment 914 897 1,864 1,947
Data processing 545 576 1,050 930
Professional services 292 260 529 789
Other 1,247 1,088 2,443 2,119
Total non-interest expense 7,457 6,983 15,150 14,235
Income before income tax expense 1,989 3,232 4,295 5,341
Income tax expense (benefit) 568 943 1,240 1,565
Net income 1,421 2,289 3,055 3,776
Other comprehensive income (loss), net of tax 705 (6,251) 2,951 (16,269)
Comprehensive income (loss) available to common stockholders $ 2,126 $ (3,962) $ 6,006 $ (12,493)
Basic earnings per common share (in dollars per share) $ 0.33 $ 0.52 $ 0.70 $ 0.86
Diluted earnings per common share (in dollars per share) $ 0.32 $ 0.52 $ 0.70 $ 0.86
Financial Service [Member]        
Non-interest income:        
Revenue from Contract with Customer $ 831 $ 810 $ 1,638 $ 1,576
Bank Servicing [Member]        
Non-interest income:        
Revenue from Contract with Customer $ 391 $ 396 $ 791 $ 782
[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.