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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans receivable $ 10,686 $ 9,003
Securities available for sale:    
Mortgage-backed and related 514 652
Other marketable 409 143
Other 390 115
Total interest income 11,999 9,913
Interest expense:    
Deposits 4,740 1,803
Customer escrows 0 32
Advances and other borrowings 3 15
Total interest expense 4,743 1,850
Net interest income 7,256 8,063
Provision for credit losses [1] (209) (8)
Net interest income after provision for credit losses 7,465 8,071
Non-interest income:    
Gain on sales of loans 294 295
Other 493 426
Total non-interest income 1,907 1,928
Non-interest expense:    
Compensation and benefits 4,697 4,805
Occupancy and equipment 852 950
Data processing 535 505
Professional services 321 237
Other 1,146 1,196
Total non-interest expense 7,551 7,693
Income before income tax expense 1,821 2,306
Income tax expense 503 672
Net income 1,318 1,634
Other comprehensive income (loss), net of tax (8) 2,246
Comprehensive income available to common shareholders $ 1,310 $ 3,880
Basic earnings per share (in dollars per share) $ 0.3 $ 0.38
Diluted earnings per share (in dollars per share) $ 0.3 $ 0.37
Financial Service [Member]    
Non-interest income:    
Revenue from Contract with Customer $ 732 $ 807
Bank Servicing [Member]    
Non-interest income:    
Revenue from Contract with Customer $ 388 $ 400
[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.