CONSOLIDATED STATEMENTS OF LOSS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| INTEREST INCOME | ||||
| Interest and fees on loans | $ 2,909,000 | $ 2,525,000 | $ 5,618,000 | $ 4,740,000 |
| Interest and dividends on securities | 732,000 | 854,000 | 1,477,000 | 1,791,000 |
| Interest on deposits with banks and federal funds sold | 236,000 | 514,000 | 411,000 | 767,000 |
| Total Interest Income | 3,877,000 | 3,893,000 | 7,506,000 | 7,298,000 |
| INTEREST EXPENSE | ||||
| Interest on deposits | 942,000 | 584,000 | 1,783,000 | 986,000 |
| Interest on short-term borrowings | 199,000 | 523,000 | 424,000 | 955,000 |
| Total Interest Expense | 1,141,000 | 1,107,000 | 2,207,000 | 1,941,000 |
| Net Interest Income | 2,736,000 | 2,786,000 | 5,299,000 | 5,357,000 |
| (Release) provision of credit loss allowance | 79,000 | 600,000 | (541,000) | 792,000 |
| Net interest income after credit loss provision | 2,657,000 | 2,186,000 | 5,840,000 | 4,565,000 |
| NONINTEREST INCOME | ||||
| Service charges on deposit accounts | 34,000 | 35,000 | 65,000 | 73,000 |
| Other fees and commissions | 142,000 | 162,000 | 273,000 | 311,000 |
| Income on life insurance | 44,000 | 44,000 | 87,000 | 87,000 |
| Total Noninterest Income | 220,000 | 241,000 | 425,000 | 471,000 |
| NONINTEREST EXPENSE | ||||
| Salary and benefits | 2,026,000 | 1,601,000 | 3,853,000 | 3,219,000 |
| Occupancy and equipment expenses | 256,000 | 338,000 | 565,000 | 669,000 |
| Legal, accounting and other professional fees | 278,000 | 248,000 | 662,000 | 502,000 |
| Data processing and item processing services | 224,000 | 243,000 | 480,000 | 492,000 |
| FDIC insurance costs | 44,000 | 40,000 | 85,000 | 78,000 |
| Advertising and marketing related expenses | 30,000 | 25,000 | 66,000 | 48,000 |
| Loan collection costs | 7,000 | 52,000 | 6,000 | |
| Telephone costs | 25,000 | 29,000 | 63,000 | 69,000 |
| Other expenses | 362,000 | 296,000 | 690,000 | 575,000 |
| Total Noninterest Expenses | 3,252,000 | 2,820,000 | 6,516,000 | 5,658,000 |
| Loss before income taxes | (375,000) | (393,000) | (251,000) | (621,000) |
| Income tax benefit | (163,000) | (189,000) | (192,000) | (420,000) |
| NET LOSS | $ (212,000) | $ (204,000) | $ (59,000) | $ (201,000) |
| Basic net loss per share of common stock (in dollars per share) | $ (0.07) | $ (0.07) | $ (0.02) | $ (0.07) |
| Diluted net loss per share of common stock (in dollars per share) | $ (0.07) | $ (0.07) | $ (0.02) | $ (0.07) |
| X | ||||||||||
- Definition Amount of expense in the period for Data processing and item processing services. No definition available.
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- Definition Amount of Loan collection costs. No definition available.
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- Definition Amount of noninterest revenue from service charges on deposit accounts recognized during the period. No definition available.
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- Definition Amount of other non-interest expense (income) during the period. No definition available.
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- Definition Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of other operating dividend and interest income, including amortization and accretion of premiums and discounts, on securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Interest income on federal funds sold. Federal funds sold represent the excess federal funds held by one commercial bank which it lends to another commercial bank, usually at an agreed-upon (federal funds) rate of interest. Such loans generally are of short-duration (overnight). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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