OptimumBank (OPHC) 10-Q 11 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-50755
Entity Registrant Name	OPTIMUMBANK HOLDINGS, INC.
Entity Central Index Key	0001288855
Entity Tax Identification Number	55-0865043
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	2929 East Commercial Boulevard
Entity Address, City or Town	Fort Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33308
City Area Code	954
Local Phone Number	900-2800
Title of 12(b) Security	Common Stock, $.01 Par Value
Trading Symbol	OPHC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,372,309

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets:
Cash and due from banks	$ 44,022	$ 25,523
Interest-bearing deposits with banks	30,125	29,106
Total cash and cash equivalents	74,147	54,629
Debt securities available for sale	21,979	18,893
Debt securities held-to-maturity (fair value of $1,811 and $3,549)	1,743	3,399
Loans, net of allowance for loan losses of $2,231 and $1,906	190,805	152,469
Federal Home Loan Bank stock	793	1,092
Premises and equipment, net	1,547	1,413
Right-of-use lease assets	1,012	904
Accrued interest receivable	1,091	1,336
Other assets	1,027	977
Total assets	294,144	235,112
Liabilities:
Noninterest-bearing demand deposits	105,582	58,312
Savings, NOW and money-market deposits	121,548	110,704
Time deposits	16,875	21,743
Total deposits	244,005	190,759
Federal Home Loan Bank advances	18,000	23,000
Junior subordinated debenture	1,228	2,068
Official checks	88	142
Operating lease liabilities	1,039	923
Other liabilities	612	386
Total liabilities	264,972	217,278
Commitments and contingencies (Notes 1, 8 and 11)
Stockholders’ equity:
Preferred stock value
Common stock, $.01 par value; 10,000,000 shares authorized, 3,759,291 and 3,203,455 shares issued and outstanding	38	32
Additional paid-in capital	61,321	50,263
Accumulated deficit	(31,600)	(32,392)
Accumulated other comprehensive loss	(587)	(69)
Total stockholders’ equity	29,172	17,834
Total liabilities and stockholders’ equity	294,144	235,112
Designated Series B Preferred Stock [Member]
Stockholders’ equity:
Preferred stock value

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt securities held to maturity, fair value	$ 1,811	$ 3,549
Loans, allowance for loan losses	$ 2,231	$ 1,906
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	6,000,000	6,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	3,759,291	3,203,455
Common stock, shares outstanding	3,759,291	3,203,455
Designated Series B Preferred Stock [Member]
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	760	760
Preferred Stock, Shares Issued	760	760
Preferred Stock, Shares Outstanding	400	400

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income:
Loans	$ 2,178	$ 1,561	$ 4,025	$ 2,974
Debt securities	86	49	177	95
Other	26	16	53	60
Total interest income	2,290	1,626	4,255	3,129
Interest expense:
Deposits	153	355	334	757
Borrowings	81	121	179	226
Total interest expense	234	476	513	983
Net interest income	2,056	1,150	3,742	2,146
Provision for loan losses	397	523	373	712
Net interest income after provision for loan losses	1,659	627	3,369	1,434
Noninterest income:
Service charges and fees	270	2	441	51
Other	32	31	37	55
Total noninterest income	302	33	478	106
Noninterest expenses:
Salaries and employee benefits	727	486	1,425	1,034
Professional fees	140	76	252	247
Occupancy and equipment	159	141	311	289
Data processing	169	132	347	249
Insurance	23	21	46	45
Regulatory assessment	66	29	127	70
Other	233	122	547	261
Total noninterest expenses	1,517	1,007	3,055	2,195
Net earnings (loss) before income taxes	444	(347)	792	(655)
Income taxes
Net earnings (loss)	$ 444	$ (347)	$ 792	$ (655)
Net earnings (loss) per share - Basic and diluted	$ 0.14	$ (0.12)	$ 0.24	$ (0.23)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net earnings (loss)	$ 444	$ (347)	$ 792	$ (655)
Change in unrealized gain on debt securities:
Unrealized gain (loss) arising during the period	349	20	(573)	66
Amortization of unrealized loss on debt securities transferred to held-to-maturity	33	24	80	48
Other comprehensive income (loss) before income taxes	382	44	(493)	114
Deferred income taxes		(11)	(25)	(28)
Total other comprehensive income (loss)	382	33	(518)	86
Comprehensive income (loss)	$ 826	$ (314)	$ 274	$ (569)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2019			$ 28	$ 38,994	$ (31,610)	$ (205)	$ 7,207
Balance beginning, shares at Dec. 31, 2019			2,853,171
Proceeds from the sale of common stock (unaudited)			$ 1	538			$ 539
Proceeds from the sale of common stock, shares (unaudited)			98,182
Proceeds from the sale of preferred stock, shares (unaudited)
Common stock issued for junior subordinated debenture interest payable, shares (unaudited)
Net earnings for three months ended June 30, 2021 (unaudited)					(308)		$ (308)
Net change in unrealized gain on debt securities available for sale (unaudited)						35	35
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited)						18	18
Ending balance, value at Mar. 31, 2020			$ 29	39,532	(31,918)	(152)	7,491
Balance ending, shares at Mar. 31, 2020			2,951,353
Beginning balance, value at Dec. 31, 2019			$ 28	38,994	(31,610)	(205)	7,207
Balance beginning, shares at Dec. 31, 2019			2,853,171
Net earnings for three months ended June 30, 2021 (unaudited)							(655)
Ending balance, value at Jun. 30, 2020			$ 29	42,032	(32,265)	(119)	9,677
Balance ending, shares at Jun. 30, 2020		100	2,951,353
Beginning balance, value at Mar. 31, 2020			$ 29	39,532	(31,918)	(152)	7,491
Balance beginning, shares at Mar. 31, 2020			2,951,353
Proceeds from the sale of preferred stock (unaudited)				2,500			2,500
Proceeds from the sale of preferred stock, shares (unaudited)		100
Net earnings for three months ended June 30, 2021 (unaudited)					(347)		(347)
Net change in unrealized gain on debt securities available for sale (unaudited)						15	15
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited)						18	18
Ending balance, value at Jun. 30, 2020			$ 29	42,032	(32,265)	(119)	9,677
Balance ending, shares at Jun. 30, 2020		100	2,951,353
Beginning balance, value at Dec. 31, 2020			$ 32	50,263	(32,392)	(69)	17,834
Balance beginning, shares at Dec. 31, 2020		400	3,203,455
Proceeds from the sale of preferred stock (unaudited)				4,000			4,000
Proceeds from the sale of preferred stock, shares (unaudited)		160
Common stock issued for junior subordinated debenture (unaudited)				41			41
Common stock issued for junior subordinated debenture interest payable, shares (unaudited)			11,042
Net earnings for three months ended June 30, 2021 (unaudited)					348		348
Net change in unrealized gain on debt securities available for sale (unaudited)						(922)	(922)
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited)						22	22
Ending balance, value at Mar. 31, 2021			$ 32	54,304	(32,044)	(969)	21,323
Balance ending, shares at Mar. 31, 2021		560	3,214,497
Beginning balance, value at Dec. 31, 2020			$ 32	50,263	(32,392)	(69)	17,834
Balance beginning, shares at Dec. 31, 2020		400	3,203,455
Common stock issued for junior subordinated debenture interest payable, shares (unaudited)
Net earnings for three months ended June 30, 2021 (unaudited)							792
Ending balance, value at Jun. 30, 2021			$ 38	61,321	(31,600)	(587)	29,172
Balance ending, shares at Jun. 30, 2021		760	3,759,291
Beginning balance, value at Mar. 31, 2021			$ 32	54,304	(32,044)	(969)	21,323
Balance beginning, shares at Mar. 31, 2021		560	3,214,497
Proceeds from the sale of common stock (unaudited)			$ 3	1,173			1,176
Proceeds from the sale of common stock, shares (unaudited)			262,417
Proceeds from the sale of preferred stock (unaudited)				5,000			5,000
Proceeds from the sale of preferred stock, shares (unaudited)		200
Common stock issued for junior subordinated debenture (unaudited)			$ 3	844			847
Common stock issued for junior subordinated debenture interest payable, shares (unaudited)			282,377
Net earnings for three months ended June 30, 2021 (unaudited)					444		444
Net change in unrealized gain on debt securities available for sale (unaudited)						349	349
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited)						33	33
Ending balance, value at Jun. 30, 2021			$ 38	$ 61,321	$ (31,600)	$ (587)	$ 29,172
Balance ending, shares at Jun. 30, 2021		760	3,759,291

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net earnings (loss)	$ 792	$ (655)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:
Provision for loan losses	373	712
Depreciation and amortization	104	85
Net (accretion) amortization of fees, premiums and discounts	(175)	25
Decrease (increase) in accrued interest receivable	245	(526)
Amortization of right of use asset	83	75
Net decrease in operating lease liabilities	(75)	(68)
Increase in other assets	(75)	(254)
Increase (Decrease) in official checks and other liabilities	220	(13)
Net cash provided by (used in) operating activities	1,492	(619)
Cash flows from investing activities:
Purchase of debt securities available for sale	(5,193)
Principal repayments of debt securities available for sale	1,443	1,033
Principal repayments of debt securities held-to-maturity	1,690	763
Net increase in loans	(38,397)	(34,291)
Purchases of premises and equipment	(238)	(147)
Redemption (purchase) of FHLB stock	299	(450)
Net cash used in investing activities	(40,396)	(33,092)
Cash flows from financing activities:
Net increase in deposits	53,246	36,698
Net (decrease) increase in FHLB Advances	(5,000)	10,000
Increase in other borrowings		4,988
Proceeds from sale of preferred stock	9,000	2,500
Proceeds from sale of common stock	1,176	539
Net cash provided by financing activities	58,422	54,725
Net increase in cash and cash equivalents	19,518	21,014
Cash and cash equivalents at beginning of the period	54,629	8,934
Cash and cash equivalents at end of the period	74,147	29,948
Cash paid during the period for:
Interest	490	921
Income taxes
Noncash transaction -
Change in accumulated other comprehensive loss, net change in unrealized (loss) gain on debt securities available for sale, net of income taxes	(518)	86
Amortization of unrealized loss on debt securities transferred to held-to-maturity	80	48
Right-of use lease assets obtained in exchange for operating lease liabilities	191
Issuance of common stock for Junior Subordinated Debenture	847
Issuance of common stock for Junior Subordinated Debenture interest payable	$ 41

General

General	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
General	(1) General . OptimumBank Holdings, Inc. (the “Company”) is a one-bank holding company and owns 100 % of OptimumBank (the “Bank”), a Florida-chartered commercial bank. The Company’s only business is the operation of the Bank. The Bank’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”). The Bank offers a variety of community banking services to individual and corporate customers through its two banking offices located in Broward County, Florida. Basis of Presentation Subsequent Events . The Company has evaluated subsequent events through August 11, 2021, which is the date the condensed consolidated financial statements were issued. On July 16, 2021, the Company closed its banking office located in Plantation, Florida. The Company acquired the remaining Trust Preferred Securities with a balance of $ 1,228,000 407,195 Coronavirus Global Pandemic (“COVID-19”). The Company is subject to risks related to the public health crisis associated with COVID-19. COVID-19 has negatively impacted the global economy, disrupted global supply chains and created significant volatility and disruption in financial markets. The extent to which COVID-19 impacts the Company’s business, results of operations, and financial condition, as well as loan quality, regulatory capital and liquidity ratios, will depend on future developments, the duration of the pandemic, and actions taken by governmental authorities to slow the spread of the disease or to mitigate its effects. Junior Subordinated Debenture . In 2004, the Company formed OptimumBank Capital Trust I (the “Trust’’) for the purpose of raising capital through the sale of trust preferred securities. At that time, the Trust raised $ 5,155,000 through the sale of 5,000 trust preferred securities (the “Trust Preferred Securities”) to a third-party investor and the issuance of 155 common trust securities to the Company. The Trust utilized the proceeds of $ 5,155,000 to purchase a junior subordinated debenture from the Company (the “Junior Subordinated Debenture”). Under the Junior Subordinated Debenture, the Company was required to make interest payments on a periodic basis and to pay the outstanding principal amount plus accrued interest on October 7, 2034 . In May 2018, Preferred Shares, LLC (the “Purchaser”) acquired all 5,000 of the Trust Preferred Securities from a third party. The Purchaser is an affiliate of a director of the Company. The Purchaser has subsequently sold and/or transferred 3,087 of the Trust Preferred Securities to unaffiliated third parties. During 2018, the Company issued 301,778 shares of common stock in exchange for 694 Trust Preferred Securities. For accounting purposes, the Trust Preferred Securities acquired by the Company were deemed to be cancelled. As a result, the Company cancelled $ 694,000 in principal amount of the Trust Preferred Securities, together with accrued interest of $ 211,000 , and increased its stockholders’ equity by the same amount. During 2019, the Company issued 924,395 shares of common stock in exchange for 1,881 Trust Preferred Securities. For accounting purposes, the Trust Preferred Securities acquired by the Company were deemed to be cancelled. As a result, the Company cancelled $ 1,881,000 in principal amount of the Trust Preferred Securities, together with accrued interest of $ 763,000 , and increased its stockholders’ equity by the same amount. The Company had been in default under the Junior Subordinated Debenture due to the failure to pay interest since 2015. In September 2020, the Company paid approximately $ 1.1 million to the holders of the outstanding Trust Preferred Securities, which represented all accrued interest through September 2020 under the Junior Subordinated Debenture attributable to the Trust Preferred Securities that had not been cancelled. The coupon interest rate floats quarterly at the six-month LIBOR rate plus 2.45 % ( 2.65% at June 30, 2021). During December 2020, the Company issued 171,500 shares of common stock in exchange for 512 Trust Preferred Securities. For accounting purposes, the Trust Preferred Securities acquired by the Company were deemed to be cancelled. As a result, the Company cancelled $ 512,000 in principal amount of the Trust Preferred Securities, together with accrued interest of $ 2,000 , and increased its stockholders’ equity by the same amount. During the first quarter of 2021, the Company issued 11,042 41,000 During the second quarter of 2021, the Company issued 282,377 840,000 7,000 During the third quarter of 2021, the Company issued 407,195 1,228,000 The principal owed by the Company in connection with the Junior Subordinated Debenture was $ 1,228,000 2,068,000 12,000 30,000 (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (1) General, Continued. Comprehensive Income (Loss) Accumulated other comprehensive loss consists of the following (in thousands): Schedule of Accumulated Other Comprehensive Loss June 30, December 31, 2021 2020 Unrealized (loss) gain on debt securities available for sale $ (523 ) $ 50 Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity (64 ) (144 ) Income tax benefit — 25 Accumulated other comprehensive loss $ (587 ) $ (69 ) Income Taxes Reclassifications In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 Financial Instruments-Credit Losses (Topic 326) (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited)

Debt Securities

Debt Securities	6 Months Ended
	Jun. 30, 2021
Debt Securities
Debt Securities	(2) Debt Securities Schedule of Amortized Cost and Approximate Fair Values of Debt Securities Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At June 30, 2021: Available for sale: SBA Pool Securities $ 1,219 $ 1 $ (29 ) $ 1,191 Collateralized mortgage obligations 296 17 — 313 Taxable municipal securities 10,241 4 (263 ) 9,982 Mortgage-backed securities 10,746 29 (282 ) 10,493 Total $ 22,502 $ 51 $ (574 ) $ 21,979 Held-to-maturity: Collateralized mortgage obligations $ 1,369 $ 59 — $ 1,428 Mortgage-backed securities 374 9 — 383 Total $ 1,743 $ 68 — $ 1,811 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At December 31, 2020: Available for sale: SBA Pool Securities $ 1,338 $ — $ (41 ) $ 1,297 Collateralized mortgage obligations 458 27 — 485 Taxable municipal securities 5,063 29 (7 ) 5,085 Mortgage-backed securities 11,984 53 (11 ) 12,026 Total $ 18,843 $ 109 $ (59 ) $ 18,893 Held-to-maturity: Collateralized mortgage obligations $ 2,420 $ 116 — $ 2,536 Mortgage-backed securities 979 34 — 1,013 Total $ 3,399 $ 150 — $ 3,549 There were no (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (2) Debt Securities Continued. Debt Securities available for sale with gross unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position, is as follows (in thousands): Schedule of Debt Securities with Gross Unrealized Losses, by Investment Category At June 30, 2021 Over Twelve Months Less Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value Available for Sale : SBA Pool Securities 29 975 — — Taxable municipal securities — — 263 8,484 Mortgage-backed securities — — 282 9,438 Total $ 29 $ 975 $ 545 $ 17,922 At December 31, 2020 Over Twelve Months Less Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value Available for Sale : SBA Pool Securities 41 1,297 — — Taxable municipal securities — — 7 1,413 Mortgage-backed securities — — 11 3,583 Total $ 41 $ 1,297 $ 18 $ 4,996 Management evaluates debt securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospectus of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. At June 30, 2021 and December 31, 2020, the unrealized losses on twenty-three eleven (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited)

Loans

Loans	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Loans	(3) Loans Schedule of Components of Loans June 30, December 31, 2021 2020 Residential real estate $ 33,517 $ 28,997 Multi-family real estate 31,210 19,210 Commercial real estate 79,402 74,398 Land and construction 4,553 4,750 Commercial 34,777 21,849 Consumer 10,701 5,715 Total loans 194,160 154,919 Deduct: Net deferred loan fees, costs and premiums (1,124 ) (544 ) Allowance for loan losses (2,231 ) (1,906 ) Loans, net $ 190,805 $ 152,469 An analysis of the change in the allowance for loan losses follows (in thousands): Schedule of Change in Allowance for Loan Losses Residential Multi-Family Commercial Land and Real Estate Real Estate Real Estate Construction Commercial Consumer Unallocated Total Three Months Ended June 30, 2021: Beginning balance $ 396 $ 238 $ 843 $ 46 $ 99 $ 268 $ — $ 1,890 Provision (credit) for loan losses 74 154 95 7 (31 ) 98 — 397 Charge-offs — — — — (10 ) (60 ) — (70 ) Recoveries 2 — — 4 — 8 — 14 Ending balance $ 472 $ 392 $ 938 $ 57 $ 58 $ 314 $ — $ 2,231 Three Months Ended June 30, 2020: Beginning balance $ 582 $ 123 $ 729 $ 50 $ 578 $ 136 $ — $ 2,198 Provision (credit) for loan losses 132 30 159 (6 ) 42 166 — 523 Charge-offs — — — — — (67 ) — (67 ) Recoveries 3 — — 6 — 1 — 10 Ending balance $ 717 $ 153 $ 888 $ 50 $ 620 $ 236 $ — $ 2,664 Six Months Ended June 30, 2021: Beginning balance $ 463 $ 253 $ 884 $ 52 $ 103 $ 151 $ — $ 1,906 Provision (Credit) for loan losses (17 ) 139 54 (3 ) (35 ) 235 — 373 Charge-offs — — — — (10 ) (80 ) — (90 ) Recoveries 26 — — 8 — 8 — 42 Ending balance $ 472 $ 392 $ 938 $ 57 $ 58 $ 314 $ — $ 2,231 Six Months Ended June 30, 2020: Beginning balance $ 531 $ 82 $ 624 $ 21 $ 573 $ 152 $ 26 $ 2,009 (Credit) provision for loan losses 179 71 264 17 47 160 (26 ) 712 Charge-offs — — — — — (77 ) — (77 ) Recoveries 7 — — 12 — 1 — 20 Ending balance $ 717 $ 153 $ 888 $ 50 $ 620 $ 236 $ — $ 2,664 (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (3) Loans, Continued. Residential Multi- Family Commercial Land and Real Estate Real Estate Real Estate Construction Commercial Consumer Unallocated Total At June 30, 2021: Individually evaluated for impairment: Recorded investment $ — $ — $ — $ — $ — $ — $ — $ — Balance in allowance for loan losses $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment: Recorded investment $ 33,517 $ 31,210 $ 79,402 $ 4,553 $ 34,777 $ 10,701 $ — $ 194,160 Balance in allowance for loan losses $ 472 $ 392 $ 938 $ 57 $ 58 $ 314 $ — $ 2,231 At December 31, 2020: Individually evaluated for impairment: Recorded investment $ — $ — $ 2,193 $ — $ — $ — $ — $ 2,193 Balance in allowance for loan losses $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment: Recorded investment $ 28,997 $ 19,210 $ 72,205 $ 4,750 $ 21,849 $ 5,715 $ — $ 152,726 Balance in allowance for loan losses $ 463 $ 253 $ 884 $ 52 $ 103 $ 151 $ — $ 1,906 (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (3) Loans, Continued. The Company has divided the loan portfolio into six portfolio segments, each with different risk characteristics and methodologies for assessing risk. All loans are underwritten based upon standards set forth in the policies approved by the Company’s Board of Directors (the “Board”). The Company identifies the portfolio segments as follows: Residential Real Estate, Multi-Family Real Estate, Commercial Real Estate, Land and Construction. Commercial. 502 PPP loans for a total dollar amount of $ 37.4 32 Consumer. (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (3) Loans, Continued. Schedule of Loans by Credit Quality Pass OLEM (Other Loans Especially Mentioned) Sub- Standard Doubtful Loss Total At June 30, 2021: Residential real estate $ 31,007 $ — $ 2,510 $ — $ — $ 33,517 Multi-family real estate 31,210 — — — — 31,210 Commercial real estate 74,886 4,516 — — — 79,402 Land and construction 4,553 — — — — 4,553 Commercial 34,424 353 — — — 34,777 Consumer 10,701 — — — — 10,701 Total $ 186,781 $ 4,869 $ 2,510 $ — $ — $ 194,160 At December 31, 2020: Residential real estate $ 28,151 $ — $ 846 $ — $ — $ 28,997 Multi-family real estate 19,210 — — — — 19,210 Commercial real estate 66,089 4,449 3,860 — — 74,398 Land and construction 4,750 — — — — 4,750 Commercial 20,735 1,114 — — — 21,849 Consumer 5,715 — — — — 5,715 Total $ 144,650 $ 5,563 $ 4,706 $ — $ — $ 154,919 Internally assigned loan grades are defined as follows: Pass – a Pass loan’s primary source of loan repayment is satisfactory, with secondary sources very likely to be realized if necessary. These are loans that conform in all aspects to bank policy and regulatory requirements, and no repayment risk has been identified. OLEM – an Other Loan Especially Mentioned has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company’s credit position at some future date. Substandard – a Substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Included in this category are loans that are current on their payments, but the Bank is unable to document the source of repayment. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – a loan classified as Doubtful has all the weaknesses inherent in one classified as Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. The Company charges off any loan classified as Doubtful. Loss – a loan classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future. The Company fully charges off any loan classified as Loss. (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (3) Loans, Continued. Schedule of Age Analysis of Past-due Loans Accruing Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Past Total Past Due Current Nonaccrual Loans Total Loans At June 30, 2021: Residential real estate $ — $ — $ — $ — $ 33,517 $ — $ 33,517 Multi-family real estate — — — — 31,210 — 31,210 Commercial real estate — — — — 79,402 — 79,402 Land and construction — — — — 4,553 — 4,553 Commercial — — — — 34,777 — 34,777 Consumer 41 29 — 70 10,631 — 10,701 Total $ 41 $ 29 $ — $ 70 $ 194,090 $ — $ 194,160 Accruing Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Nonaccrual Loans Total Loans At December 31, 2020: Residential real estate $ 977 $ — $ — $ 977 $ 28,020 $ — $ 28,997 Multi-family real estate — — — — 19,210 — 19,210 Commercial real estate — — — — 72,205 2,193 74,398 Land and construction — — — — 4,750 — 4,750 Commercial — — — — 21,849 — 21,849 Consumer 6 — — 6 5,709 — 5,715 Total $ 983 $ — $ — $ 983 $ 151,743 $ 2,193 $ 154,919 There were no impaired loans at June 30, 2021. The following summarizes the amount of impaired loans at December 31, 2020 (in thousands): Schedule of Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial real estate $ 2,193 $ 2,193 — (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (3) Loans, Continued. Schedule of Interest Income Recognized and Received on Impaired Loans Three Months Ended June 30, 2021 2020 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income Investment Recognized Received Investment Recognized Received Residential real estate $ — $ — $ — $ 940 $ — $ — Commercial real estate $ — $ — $ — $ 2,193 $ 26 $ 30 Commercial $ — $ — $ — $ 811 $ — $ — Total $ — $ — $ — $ 3,944 $ 26 $ 30 Six Months Ended June 30, 2021 2020 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income Investment Recognized Received Investment Recognized Received Residential real estate $ — $ — $ — $ 940 $ 18 $ 11 Commercial real estate $ 940 $ 7 $ 7 $ 2,194 $ 52 $ 60 Commercial $ — $ — $ — $ 811 $ — $ 18 Total $ 940 $ 7 $ 7 $ 3,945 $ 70 $ 89 No loans have been determined to be troubled debt restructurings (TDR’s) during the three and six month periods ended June 30, 2021 or 2020. At June 30, 2021 and 2020, there were no loans modified and entered into TDR’s within the past twelve months, that subsequently defaulted during the three and six month periods ended June 30, 2021 or 2020.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	(4) Earnings (Loss) Per Share . Basic earnings (loss) per share have been computed on the basis of the weighted-average number of shares of common stock outstanding during the period. During the three and six month periods ended June 30, 2021, basic and diluted earnings per share is the same as there were no outstanding potentially dilutive securities. During the three and six month periods ended June 30, 2020, basic and diluted loss per share is the same due to the net loss incurred by the Company. Earnings (loss) per common share have been computed based on the following: Schedule of Basic and Diluted Loss Per Share 2021 2020 2021 2020 Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Weighted-average number of common shares outstanding used to calculate basic and diluted loss per common share 3,273,098 2,951,353 3,239,615 2,905,599 (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited)

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	(5) Stock-Based Compensation The Company is authorized to grant stock options, stock grants and other forms of equity-based compensation under its 2018 Equity Incentive Plan (the “2018 Plan”). The plan has been approved by the shareholders. The Company is authorized to issue up to 550,000 250,096 During the first quarter of 2021, the Company agreed to issue 62,112 shares to a director for services performed and recorded compensation expense of $ 200,000 . The director has not yet taken delivery of the shares. As such, at June 30, 2021, the $ 200,000 is presented on the accompanying condensed consolidated balance sheets under the caption of “other liabilities”.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	(6) Fair Value Measurements no Debt securities available for sale measured at fair value on a recurring basis are summarized below (in thousands): Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2021 : SBA Pool Securities $ 1,191 $ — $ 1,191 — Collateralized mortgage obligations 313 — 313 — Taxable municipal securities 9,982 — 9,982 — Mortgage-backed securities 10,493 — 10,493 — Total $ 21,979 — $ 21,979 — Fair Value Measurements Using Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs At December 31, 2020 : SBA Pool Securities $ 1,297 $ — $ 1,297 — Collateralized mortgage obligations 485 — 485 — Taxable municipal securities 5,085 — 5,085 — Mortgage-backed securities 12,026 — 12,026 — Total $ 18,893 — $ 18,893 —

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Investments, All Other Investments [Abstract]
Fair Value of Financial Instruments	(7) Fair Value of Financial Instruments Schedule of Estimated Fair Value of Financial Instruments At June 30, 2021 At December 31, 2020 Carrying Amount Fair Value Level Carrying Amount Fair Value Level Financial assets: Cash and cash equivalents $ 74,147 $ 74,147 1 $ 54,629 $ 54,629 1 Debt securities available for sale 21,979 21,979 2 18,893 18,893 2 Debt securities held-to-maturity 1,743 1,811 2 3,399 3,549 2 Loans 190,805 190,762 3 152,469 153,276 3 Federal Home Loan Bank stock 793 793 3 1,092 1,092 3 Accrued interest receivable 1,091 1,091 3 1,336 1,336 3 Financial liabilities: Deposit liabilities 244,005 244,101 3 190,759 191,011 3 Federal Home Loan Bank advances 18,000 18,055 3 23,000 23,254 3 Junior subordinated debenture 1,228 N/A (1) 3 2,068 N/A (1) 3 Off-balance sheet financial instruments — — 3 — — 3 (1) The Company is unable to determine value based on significant unobservable inputs required in the calculation. (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited)

Off- Balance Sheet Financial In

Off- Balance Sheet Financial Instruments	6 Months Ended
	Jun. 30, 2021
Off- Balance Sheet Financial Instruments
Off- Balance Sheet Financial Instruments	(8) Off- Balance Sheet Financial Instruments The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance-sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company, upon extension of credit, is based on management’s credit evaluation of the counterparty. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit to customers is essentially the same as that involved in extending loan facilities to customers. The Bank generally holds collateral supporting those commitments. Standby letters of credit generally have expiration dates within one year. Commitments to extend credit, unused lines of credit, and standby letters of credit typically result in loans with a market interest rate when funded. A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at June 30, 2021 follows (in thousands): Schedule of Off-Balance Sheet Risks of Financial Instruments Commitments to extend credit $ 13,388 Unused lines of credit $ 9,338 Standby letters of credit $ 4,550

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 30, 2021
Line of Credit Facility [Abstract]
Regulatory Matters	(9) Regulatory Matters In 2019, the federal banking agencies jointly issued a final rule that provides for an optional, simplified measure of capital adequacy, the community bank leverage ratio framework (CBLR framework), for qualifying community banking organizations. The final rule became effective on January 1, 2020 and was elected by the Bank. In April 2020, the federal banking agencies issued an interim final rule that makes temporary changes to the CBLR framework, pursuant to section 4012 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and a second interim final rule that provides a graduated increase in the community bank leverage ratio requirement after the expiration of the temporary changes implemented pursuant to section 4012 of the CARES Act. The community bank leverage ratio removes the requirement for qualifying banking organizations to calculate and report risk-based capital but rather only requires a Tier 1 to average assets (leverage) ratio. Qualifying community banking organizations that elect to use the community bank leverage ratio framework and that maintain a leverage ratio of greater than required minimums will be considered to have satisfied the generally applicable risk based and leverage capital requirements in the agencies’ capital rules (generally applicable rule) and, if applicable, will be considered to have met the well capitalized ratio requirements for purposes of section 38 of the Federal Deposit Insurance Act. Under the interim final rules, the community bank leverage ratio minimum requirement is 8 8.5 9 7 7.5 8 (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (9) Regulatory Matters, Continued. Management believes, as of June 30, 2021 and December 31, 2020, that the Bank meets all capital adequacy requirements to which it is subject. The Bank’s actual capital amounts and percentages are presented in the table ($ in thousands): Schedule of Capital Amounts, Ratios and Regulatory Thresholds Actual To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework) Amount % Amount % As of June 30, 2021: Tier I Capital to Total Assets 30,751 11.3 % 23,130 8.5 % Actual To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework) Amount % Amount % As of December 31, 2020: Tier I Capital to Total Assets 19,261 9.0 % 17,116 8.0 %

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Preferred Stock	(10) Preferred Stock During the first quarter of 2021, the Company issued 160 shares of Series B Participating Preferred Stock (the “Series B Preferred Stock”) to a related party at a cash price of $ 25,000 per share, or an aggregate of $ 4,000,000 . The related party is a significant common stockholder. During the second quarter of 2021, the Company issued 200 25,000 5,000,000 The Series B Preferred Stock has no par value. Except in the case of liquidation, if the Company declares or pays a dividend or distribution on the common stock, the Company shall simultaneously declare and pay a dividend on the Series B Preferred Stock on a pro rata basis with the common stock determined on an as-converted basis assuming all Shares of Series B Preferred Stock had been converted immediately prior to the record date of the applicable dividend. At June 30, 2021, the Company had 760 7,600,000 9.9 % of the outstanding shares of the common stock. The number of shares issuable upon conversion is subject to adjustment based on the terms of the amended Certificate of Designation in the Amendment to the Company’s Articles of Incorporation filed on June 25, 2021 (the “Certificate of Designation”) The Preferred Stock has preferential liquidation rights over common stockholders and holders of junior securities. The liquidation price is the greater of $ 25,000 per share of preferred stock or such amount per share of preferred stock that would have been payable had all shares of the preferred stock been converted into common stock per the terms of the Certificate of Designation immediately prior to a liquidation. The Preferred Stock generally has no voting rights except as provided in the Certificate of Designation.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies	(11) Contingencies

General (Policies)

General (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Subsequent Events	Subsequent Events . The Company has evaluated subsequent events through August 11, 2021, which is the date the condensed consolidated financial statements were issued. On July 16, 2021, the Company closed its banking office located in Plantation, Florida. The Company acquired the remaining Trust Preferred Securities with a balance of $ 1,228,000 407,195
Coronavirus Global Pandemic	Coronavirus Global Pandemic (“COVID-19”). The Company is subject to risks related to the public health crisis associated with COVID-19. COVID-19 has negatively impacted the global economy, disrupted global supply chains and created significant volatility and disruption in financial markets. The extent to which COVID-19 impacts the Company’s business, results of operations, and financial condition, as well as loan quality, regulatory capital and liquidity ratios, will depend on future developments, the duration of the pandemic, and actions taken by governmental authorities to slow the spread of the disease or to mitigate its effects.
Junior Subordinated Debenture	Junior Subordinated Debenture . In 2004, the Company formed OptimumBank Capital Trust I (the “Trust’’) for the purpose of raising capital through the sale of trust preferred securities. At that time, the Trust raised $ 5,155,000 through the sale of 5,000 trust preferred securities (the “Trust Preferred Securities”) to a third-party investor and the issuance of 155 common trust securities to the Company. The Trust utilized the proceeds of $ 5,155,000 to purchase a junior subordinated debenture from the Company (the “Junior Subordinated Debenture”). Under the Junior Subordinated Debenture, the Company was required to make interest payments on a periodic basis and to pay the outstanding principal amount plus accrued interest on October 7, 2034 . In May 2018, Preferred Shares, LLC (the “Purchaser”) acquired all 5,000 of the Trust Preferred Securities from a third party. The Purchaser is an affiliate of a director of the Company. The Purchaser has subsequently sold and/or transferred 3,087 of the Trust Preferred Securities to unaffiliated third parties. During 2018, the Company issued 301,778 shares of common stock in exchange for 694 Trust Preferred Securities. For accounting purposes, the Trust Preferred Securities acquired by the Company were deemed to be cancelled. As a result, the Company cancelled $ 694,000 in principal amount of the Trust Preferred Securities, together with accrued interest of $ 211,000 , and increased its stockholders’ equity by the same amount. During 2019, the Company issued 924,395 shares of common stock in exchange for 1,881 Trust Preferred Securities. For accounting purposes, the Trust Preferred Securities acquired by the Company were deemed to be cancelled. As a result, the Company cancelled $ 1,881,000 in principal amount of the Trust Preferred Securities, together with accrued interest of $ 763,000 , and increased its stockholders’ equity by the same amount. The Company had been in default under the Junior Subordinated Debenture due to the failure to pay interest since 2015. In September 2020, the Company paid approximately $ 1.1 million to the holders of the outstanding Trust Preferred Securities, which represented all accrued interest through September 2020 under the Junior Subordinated Debenture attributable to the Trust Preferred Securities that had not been cancelled. The coupon interest rate floats quarterly at the six-month LIBOR rate plus 2.45 % ( 2.65% at June 30, 2021). During December 2020, the Company issued 171,500 shares of common stock in exchange for 512 Trust Preferred Securities. For accounting purposes, the Trust Preferred Securities acquired by the Company were deemed to be cancelled. As a result, the Company cancelled $ 512,000 in principal amount of the Trust Preferred Securities, together with accrued interest of $ 2,000 , and increased its stockholders’ equity by the same amount. During the first quarter of 2021, the Company issued 11,042 41,000 During the second quarter of 2021, the Company issued 282,377 840,000 7,000 During the third quarter of 2021, the Company issued 407,195 1,228,000 The principal owed by the Company in connection with the Junior Subordinated Debenture was $ 1,228,000 2,068,000 12,000 30,000 (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (1) General, Continued.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accumulated other comprehensive loss consists of the following (in thousands): Schedule of Accumulated Other Comprehensive Loss June 30, December 31, 2021 2020 Unrealized (loss) gain on debt securities available for sale $ (523 ) $ 50 Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity (64 ) (144 ) Income tax benefit — 25 Accumulated other comprehensive loss $ (587 ) $ (69 )
Income Taxes	Income Taxes
Reclassifications	Reclassifications In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 Financial Instruments-Credit Losses (Topic 326) (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited)

General (Tables)

General (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consists of the following (in thousands): Schedule of Accumulated Other Comprehensive Loss June 30, December 31, 2021 2020 Unrealized (loss) gain on debt securities available for sale $ (523 ) $ 50 Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity (64 ) (144 ) Income tax benefit — 25 Accumulated other comprehensive loss $ (587 ) $ (69 )

Debt Securities (Tables)

Debt Securities (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Securities
Schedule of Amortized Cost and Approximate Fair Values of Debt Securities	Schedule of Amortized Cost and Approximate Fair Values of Debt Securities Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At June 30, 2021: Available for sale: SBA Pool Securities $ 1,219 $ 1 $ (29 ) $ 1,191 Collateralized mortgage obligations 296 17 — 313 Taxable municipal securities 10,241 4 (263 ) 9,982 Mortgage-backed securities 10,746 29 (282 ) 10,493 Total $ 22,502 $ 51 $ (574 ) $ 21,979 Held-to-maturity: Collateralized mortgage obligations $ 1,369 $ 59 — $ 1,428 Mortgage-backed securities 374 9 — 383 Total $ 1,743 $ 68 — $ 1,811 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At December 31, 2020: Available for sale: SBA Pool Securities $ 1,338 $ — $ (41 ) $ 1,297 Collateralized mortgage obligations 458 27 — 485 Taxable municipal securities 5,063 29 (7 ) 5,085 Mortgage-backed securities 11,984 53 (11 ) 12,026 Total $ 18,843 $ 109 $ (59 ) $ 18,893 Held-to-maturity: Collateralized mortgage obligations $ 2,420 $ 116 — $ 2,536 Mortgage-backed securities 979 34 — 1,013 Total $ 3,399 $ 150 — $ 3,549
Schedule of Debt Securities with Gross Unrealized Losses, by Investment Category	Debt Securities available for sale with gross unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position, is as follows (in thousands): Schedule of Debt Securities with Gross Unrealized Losses, by Investment Category At June 30, 2021 Over Twelve Months Less Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value Available for Sale : SBA Pool Securities 29 975 — — Taxable municipal securities — — 263 8,484 Mortgage-backed securities — — 282 9,438 Total $ 29 $ 975 $ 545 $ 17,922 At December 31, 2020 Over Twelve Months Less Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value Available for Sale : SBA Pool Securities 41 1,297 — — Taxable municipal securities — — 7 1,413 Mortgage-backed securities — — 11 3,583 Total $ 41 $ 1,297 $ 18 $ 4,996

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Schedule of Components of Loans	Schedule of Components of Loans June 30, December 31, 2021 2020 Residential real estate $ 33,517 $ 28,997 Multi-family real estate 31,210 19,210 Commercial real estate 79,402 74,398 Land and construction 4,553 4,750 Commercial 34,777 21,849 Consumer 10,701 5,715 Total loans 194,160 154,919 Deduct: Net deferred loan fees, costs and premiums (1,124 ) (544 ) Allowance for loan losses (2,231 ) (1,906 ) Loans, net $ 190,805 $ 152,469
Schedule of Change in Allowance for Loan Losses	Schedule of Change in Allowance for Loan Losses Residential Multi-Family Commercial Land and Real Estate Real Estate Real Estate Construction Commercial Consumer Unallocated Total Three Months Ended June 30, 2021: Beginning balance $ 396 $ 238 $ 843 $ 46 $ 99 $ 268 $ — $ 1,890 Provision (credit) for loan losses 74 154 95 7 (31 ) 98 — 397 Charge-offs — — — — (10 ) (60 ) — (70 ) Recoveries 2 — — 4 — 8 — 14 Ending balance $ 472 $ 392 $ 938 $ 57 $ 58 $ 314 $ — $ 2,231 Three Months Ended June 30, 2020: Beginning balance $ 582 $ 123 $ 729 $ 50 $ 578 $ 136 $ — $ 2,198 Provision (credit) for loan losses 132 30 159 (6 ) 42 166 — 523 Charge-offs — — — — — (67 ) — (67 ) Recoveries 3 — — 6 — 1 — 10 Ending balance $ 717 $ 153 $ 888 $ 50 $ 620 $ 236 $ — $ 2,664 Six Months Ended June 30, 2021: Beginning balance $ 463 $ 253 $ 884 $ 52 $ 103 $ 151 $ — $ 1,906 Provision (Credit) for loan losses (17 ) 139 54 (3 ) (35 ) 235 — 373 Charge-offs — — — — (10 ) (80 ) — (90 ) Recoveries 26 — — 8 — 8 — 42 Ending balance $ 472 $ 392 $ 938 $ 57 $ 58 $ 314 $ — $ 2,231 Six Months Ended June 30, 2020: Beginning balance $ 531 $ 82 $ 624 $ 21 $ 573 $ 152 $ 26 $ 2,009 (Credit) provision for loan losses 179 71 264 17 47 160 (26 ) 712 Charge-offs — — — — — (77 ) — (77 ) Recoveries 7 — — 12 — 1 — 20 Ending balance $ 717 $ 153 $ 888 $ 50 $ 620 $ 236 $ — $ 2,664 (continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (Unaudited) (3) Loans, Continued. Residential Multi- Family Commercial Land and Real Estate Real Estate Real Estate Construction Commercial Consumer Unallocated Total At June 30, 2021: Individually evaluated for impairment: Recorded investment $ — $ — $ — $ — $ — $ — $ — $ — Balance in allowance for loan losses $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment: Recorded investment $ 33,517 $ 31,210 $ 79,402 $ 4,553 $ 34,777 $ 10,701 $ — $ 194,160 Balance in allowance for loan losses $ 472 $ 392 $ 938 $ 57 $ 58 $ 314 $ — $ 2,231 At December 31, 2020: Individually evaluated for impairment: Recorded investment $ — $ — $ 2,193 $ — $ — $ — $ — $ 2,193 Balance in allowance for loan losses $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment: Recorded investment $ 28,997 $ 19,210 $ 72,205 $ 4,750 $ 21,849 $ 5,715 $ — $ 152,726 Balance in allowance for loan losses $ 463 $ 253 $ 884 $ 52 $ 103 $ 151 $ — $ 1,906
Schedule of Loans by Credit Quality	Schedule of Loans by Credit Quality Pass OLEM (Other Loans Especially Mentioned) Sub- Standard Doubtful Loss Total At June 30, 2021: Residential real estate $ 31,007 $ — $ 2,510 $ — $ — $ 33,517 Multi-family real estate 31,210 — — — — 31,210 Commercial real estate 74,886 4,516 — — — 79,402 Land and construction 4,553 — — — — 4,553 Commercial 34,424 353 — — — 34,777 Consumer 10,701 — — — — 10,701 Total $ 186,781 $ 4,869 $ 2,510 $ — $ — $ 194,160 At December 31, 2020: Residential real estate $ 28,151 $ — $ 846 $ — $ — $ 28,997 Multi-family real estate 19,210 — — — — 19,210 Commercial real estate 66,089 4,449 3,860 — — 74,398 Land and construction 4,750 — — — — 4,750 Commercial 20,735 1,114 — — — 21,849 Consumer 5,715 — — — — 5,715 Total $ 144,650 $ 5,563 $ 4,706 $ — $ — $ 154,919
Schedule of Age Analysis of Past-due Loans	Schedule of Age Analysis of Past-due Loans Accruing Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Past Total Past Due Current Nonaccrual Loans Total Loans At June 30, 2021: Residential real estate $ — $ — $ — $ — $ 33,517 $ — $ 33,517 Multi-family real estate — — — — 31,210 — 31,210 Commercial real estate — — — — 79,402 — 79,402 Land and construction — — — — 4,553 — 4,553 Commercial — — — — 34,777 — 34,777 Consumer 41 29 — 70 10,631 — 10,701 Total $ 41 $ 29 $ — $ 70 $ 194,090 $ — $ 194,160 Accruing Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Nonaccrual Loans Total Loans At December 31, 2020: Residential real estate $ 977 $ — $ — $ 977 $ 28,020 $ — $ 28,997 Multi-family real estate — — — — 19,210 — 19,210 Commercial real estate — — — — 72,205 2,193 74,398 Land and construction — — — — 4,750 — 4,750 Commercial — — — — 21,849 — 21,849 Consumer 6 — — 6 5,709 — 5,715 Total $ 983 $ — $ — $ 983 $ 151,743 $ 2,193 $ 154,919
Schedule of Impaired Loans	Schedule of Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial real estate $ 2,193 $ 2,193 —
Schedule of Interest Income Recognized and Received on Impaired Loans	Schedule of Interest Income Recognized and Received on Impaired Loans Three Months Ended June 30, 2021 2020 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income Investment Recognized Received Investment Recognized Received Residential real estate $ — $ — $ — $ 940 $ — $ — Commercial real estate $ — $ — $ — $ 2,193 $ 26 $ 30 Commercial $ — $ — $ — $ 811 $ — $ — Total $ — $ — $ — $ 3,944 $ 26 $ 30 Six Months Ended June 30, 2021 2020 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income Investment Recognized Received Investment Recognized Received Residential real estate $ — $ — $ — $ 940 $ 18 $ 11 Commercial real estate $ 940 $ 7 $ 7 $ 2,194 $ 52 $ 60 Commercial $ — $ — $ — $ 811 $ — $ 18 Total $ 940 $ 7 $ 7 $ 3,945 $ 70 $ 89

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Loss Per Share	Schedule of Basic and Diluted Loss Per Share 2021 2020 2021 2020 Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Weighted-average number of common shares outstanding used to calculate basic and diluted loss per common share 3,273,098 2,951,353 3,239,615 2,905,599 (continued)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis	Debt securities available for sale measured at fair value on a recurring basis are summarized below (in thousands): Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2021 : SBA Pool Securities $ 1,191 $ — $ 1,191 — Collateralized mortgage obligations 313 — 313 — Taxable municipal securities 9,982 — 9,982 — Mortgage-backed securities 10,493 — 10,493 — Total $ 21,979 — $ 21,979 — Fair Value Measurements Using Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs At December 31, 2020 : SBA Pool Securities $ 1,297 $ — $ 1,297 — Collateralized mortgage obligations 485 — 485 — Taxable municipal securities 5,085 — 5,085 — Mortgage-backed securities 12,026 — 12,026 — Total $ 18,893 — $ 18,893 —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Investments, All Other Investments [Abstract]
Schedule of Estimated Fair Value of Financial Instruments	Schedule of Estimated Fair Value of Financial Instruments At June 30, 2021 At December 31, 2020 Carrying Amount Fair Value Level Carrying Amount Fair Value Level Financial assets: Cash and cash equivalents $ 74,147 $ 74,147 1 $ 54,629 $ 54,629 1 Debt securities available for sale 21,979 21,979 2 18,893 18,893 2 Debt securities held-to-maturity 1,743 1,811 2 3,399 3,549 2 Loans 190,805 190,762 3 152,469 153,276 3 Federal Home Loan Bank stock 793 793 3 1,092 1,092 3 Accrued interest receivable 1,091 1,091 3 1,336 1,336 3 Financial liabilities: Deposit liabilities 244,005 244,101 3 190,759 191,011 3 Federal Home Loan Bank advances 18,000 18,055 3 23,000 23,254 3 Junior subordinated debenture 1,228 N/A (1) 3 2,068 N/A (1) 3 Off-balance sheet financial instruments — — 3 — — 3 (1) The Company is unable to determine value based on significant unobservable inputs required in the calculation.

Off- Balance Sheet Financial _2

Off- Balance Sheet Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Off- Balance Sheet Financial Instruments
Schedule of Off-Balance Sheet Risks of Financial Instruments	Schedule of Off-Balance Sheet Risks of Financial Instruments Commitments to extend credit $ 13,388 Unused lines of credit $ 9,338 Standby letters of credit $ 4,550

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2021
Line of Credit Facility [Abstract]
Schedule of Capital Amounts, Ratios and Regulatory Thresholds	Schedule of Capital Amounts, Ratios and Regulatory Thresholds Actual To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework) Amount % Amount % As of June 30, 2021: Tier I Capital to Total Assets 30,751 11.3 % 23,130 8.5 % Actual To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework) Amount % Amount % As of December 31, 2020: Tier I Capital to Total Assets 19,261 9.0 % 17,116 8.0 %

Schedule of Accumulated Other C

Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021
Accounting Policies [Abstract]
Unrealized (loss) gain on debt securities available for sale	$ (523)	$ 50
Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity	(64)	(144)
Income tax benefit		25
Accumulated other comprehensive loss	$ (587)	$ (69)

General (Details Narrative)

General (Details Narrative) - USD ($)	1 Months Ended			3 Months Ended			6 Months Ended	12 Months Ended
	Jul. 31, 2021	Sep. 30, 2020	May 31, 2018	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2004
Subsequent Event [Line Items]
Equity method investment, ownership percentage					100.00%		100.00%
Junior subordinated notes, current					$ 1,228,000		$ 1,228,000	$ 2,068,000
Trust Preferred Securities [Member]
Subsequent Event [Line Items]
Conversion of stock, shares converted					282,377			171,500	924,395	301,778
Number of stock cancelled during the period					$ 840,000			$ 512,000	$ 1,881,000	$ 694,000
Interest payable					$ 7,000		$ 7,000	$ 2,000	$ 763,000	$ 211,000
Payment on outstanding trust preferred securities		$ 1,100,000
Debt Instrument, Interest Rate Terms							The coupon interest rate floats quarterly at the six-month LIBOR rate plus
Number of shares issued						11,042
Accrued interest						$ 41,000
Trust Preferred Securities [Member] | London Interbank Offered Rate (LIBOR) [Member]
Subsequent Event [Line Items]
Debt instrument, interest rate, stated percentage					2.65%		2.65%	2.45%
Junior Subordinated Debenture [Member]
Subsequent Event [Line Items]
Interest payable					$ 12,000		$ 12,000	$ 30,000
Debt instrument periodic payment, principal							$ 1,228,000	$ 2,068,000
Third Party [Member]
Subsequent Event [Line Items]
Number of trust preferred securities issued			5,000
Number of common trust securities issued			3,087
Holders [Member] | Trust Preferred Securities [Member]
Subsequent Event [Line Items]
Conversion of stock, shares converted								512	1,881	694
OptimumBank Holdings Capital Trust I [Member]
Subsequent Event [Line Items]
Proceeds from issuance of trust preferred securities											$ 5,155,000
Number of trust preferred securities issued											5,000
Number of common trust securities issued											155
Junior subordinated notes, current											$ 5,155,000
Debt instrument, maturity date											Oct. 7, 2034
Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from issuance of trust preferred securities	$ 1,228,000
Shares issued for acquisition of preferrred securities	407,195
Subsequent Event [Member] | Trust Preferred Securities [Member]
Subsequent Event [Line Items]
Conversion of stock, shares converted				407,195
Number of stock cancelled during the period				$ 1,228,000

Schedule of Amortized Cost and

Schedule of Amortized Cost and Approximate Fair Values of Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale, amortized cost	$ 22,502	$ 18,843
Available for sale, gross unrealized gains	51	109
Available for sale, gross unrealized losses	(574)	(59)
Available for sale, fair value	21,979	18,893
Held-to-maturity, amortized cost	1,743	3,399
Held-to-maturity, gross unrealized gains	68	150
Held-to-maturity, gross unrealized losses
Held-to-maturity, fair value	1,811	3,549
Taxable Municipal Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale, amortized cost	10,241	5,063
Available for sale, gross unrealized gains	4	29
Available for sale, gross unrealized losses	(263)	(7)
Available for sale, fair value	9,982	5,085
SBA Pool Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale, amortized cost	1,219	1,338
Available for sale, gross unrealized gains	1
Available for sale, gross unrealized losses	(29)	(41)
Available for sale, fair value	1,191	1,297
Collateralized Mortgage Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale, amortized cost	296	458
Available for sale, gross unrealized gains	17	27
Available for sale, gross unrealized losses
Available for sale, fair value	313	485
Held-to-maturity, amortized cost	1,369	2,420
Held-to-maturity, gross unrealized gains	59	116
Held-to-maturity, gross unrealized losses
Held-to-maturity, fair value	1,428	2,536
Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale, amortized cost	10,746	11,984
Available for sale, gross unrealized gains	29	53
Available for sale, gross unrealized losses	(282)	(11)
Available for sale, fair value	10,493	12,026
Held-to-maturity, amortized cost	374	979
Held-to-maturity, gross unrealized gains	9	34
Held-to-maturity, gross unrealized losses
Held-to-maturity, fair value	$ 383	$ 1,013

Schedule of Debt Securities wit

Schedule of Debt Securities with Gross Unrealized Losses, by Investment Category (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses	$ 29	$ 41
Available for Sale, Securities Position Over 12 Months, Fair Value	975	1,297
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses	545	18
Available for Sale, Securities Position Less than 12 Month, Fair Value	17,922	4,996
Taxable Municipal Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses
Available for Sale, Securities Position Over 12 Months, Fair Value
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses	263	7
Available for Sale, Securities Position Less than 12 Month, Fair Value	8,484	1,413
SBA Pool Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses	29	41
Available for Sale, Securities Position Over 12 Months, Fair Value	975	1,297
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses
Available for Sale, Securities Position Less than 12 Month, Fair Value
Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses
Available for Sale, Securities Position Over 12 Months, Fair Value
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses	282	11
Available for Sale, Securities Position Less than 12 Month, Fair Value	$ 9,438	$ 3,583

Debt Securities (Details Narrat

Debt Securities (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Debt Securities
Available for sale debt securities	$ 0		$ 0
Debt securities in unrealized loss position	twenty-three	eleven

Schedule of Components of Loans

Schedule of Components of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total loans	$ 194,160		$ 154,919
Net deferred loan fees, costs and premiums	(1,124)		(544)
Allowance for loan losses	(2,231)	$ (1,890)	(1,906)	$ (2,664)	$ (2,198)	$ (2,009)
Loans, net	190,805		152,469
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	33,517		28,997
Allowance for loan losses	(472)	(396)	(463)	(717)	(582)	(531)
Multi-Family Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total loans	31,210		19,210
Allowance for loan losses	(392)	(238)	(253)	(153)	(123)	(82)
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	79,402		74,398
Allowance for loan losses	(938)	(843)	(884)	(888)	(729)	(624)
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,553		4,750
Allowance for loan losses	(57)	(46)	(52)	(50)	(50)	(21)
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	34,777		21,849
Allowance for loan losses	(58)	(99)	(103)	(620)	(578)	(573)
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	10,701		5,715
Allowance for loan losses	$ (314)	$ (268)	$ (151)	$ (236)	$ (136)	$ (152)

Schedule of Change in Allowance

Schedule of Change in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Beginning balance	$ 1,890	$ 2,198	$ 1,906	$ 2,009
(Credit) provision for loan losses	397	523	373	712
Charge-offs	(70)	(67)	(90)	(77)
Recoveries	14	10	42	20
Ending balance	2,231	2,664	2,231	2,664
Recorded investment					$ 2,193
Balance in allowance for loan losses
Recorded investment	194,160		194,160		152,726
Balance in allowance for loan losses	2,231		2,231		1,906
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	396	582	463	531
(Credit) provision for loan losses	74	132	(17)	179
Charge-offs
Recoveries	2	3	26	7
Ending balance	472	717	472	717
Recorded investment
Balance in allowance for loan losses
Recorded investment	33,517		33,517		28,997
Balance in allowance for loan losses	472		472		463
Multi-Family Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	238	123	253	82
(Credit) provision for loan losses	154	30	139	71
Charge-offs
Recoveries
Ending balance	392	153	392	153
Recorded investment
Balance in allowance for loan losses
Recorded investment	31,210		31,210		19,210
Balance in allowance for loan losses	392		392		253
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	843	729	884	624
(Credit) provision for loan losses	95	159	54	264
Charge-offs
Recoveries
Ending balance	938	888	938	888
Recorded investment					2,193
Balance in allowance for loan losses
Recorded investment	79,402		79,402		72,205
Balance in allowance for loan losses	938		938		884
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	46	50	52	21
(Credit) provision for loan losses	7	(6)	(3)	17
Charge-offs
Recoveries	4	6	8	12
Ending balance	57	50	57	50
Recorded investment
Balance in allowance for loan losses
Recorded investment	4,553		4,553		4,750
Balance in allowance for loan losses	57		57		52
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	99	578	103	573
(Credit) provision for loan losses	(31)	42	(35)	47
Charge-offs	(10)		(10)
Recoveries
Ending balance	58	620	58	620
Recorded investment
Balance in allowance for loan losses
Recorded investment	34,777		34,777		21,849
Balance in allowance for loan losses	58		58		103
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	268	136	151	152
(Credit) provision for loan losses	98	166	235	160
Charge-offs	(60)	(67)	(80)	(77)
Recoveries	8	1	8	1
Ending balance	314	236	314	236
Recorded investment
Balance in allowance for loan losses
Recorded investment	10,701		10,701		5,715
Balance in allowance for loan losses	314		314		151
Unallocated Financing Receivables [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance				26
(Credit) provision for loan losses				(26)
Charge-offs
Recoveries
Ending balance
Recorded investment
Balance in allowance for loan losses
Recorded investment
Balance in allowance for loan losses

Schedule of Loans by Credit Qua

Schedule of Loans by Credit Quality (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Risk rated loans	$ 194,160	$ 154,919
Pass [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	186,781	144,650
Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	4,869	5,563
Substandard [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	2,510	4,706
Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Loss [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	33,517	28,997
Residential Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	31,007	28,151
Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	2,510	846
Residential Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Residential Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Multi-Family Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	31,210	19,210
Multi-Family Real Estate [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	31,210	19,210
Multi-Family Real Estate [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Multi-Family Real Estate [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Multi-Family Real Estate [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Multi-Family Real Estate [Member] | Loss [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	79,402	74,398
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	74,886	66,089
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	4,516	4,449
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans		3,860
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Commercial Real Estate Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	4,553	4,750
Construction Loans [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	4,553	4,750
Construction Loans [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Construction Loans [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Construction Loans [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Construction Loans [Member] | Loss [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	34,777	21,849
Commercial Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	34,424	20,735
Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	353	1,114
Commercial Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Commercial Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Commercial Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	10,701	5,715
Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans	10,701	5,715
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans
Consumer Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Past Due [Line Items]
Risk rated loans

Schedule of Age Analysis of Pas

Schedule of Age Analysis of Past-due Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans		$ 2,193
Total Loans	194,160	154,919
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	41	983
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	29
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	70	983
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	194,090	151,743
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans
Total Loans	33,517	28,997
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans		977
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans		977
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	33,517	28,020
Multi-Family Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans
Total Loans	31,210	19,210
Multi-Family Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Multi-Family Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Multi-Family Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Multi-Family Real Estate [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Multi-Family Real Estate [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	31,210	19,210
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans		2,193
Total Loans	79,402	74,398
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	79,402	72,205
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans
Total Loans	4,553	4,750
Construction Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Construction Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Construction Loans [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Construction Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	4,553	4,750
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans
Total Loans	34,777	21,849
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	34,777	21,849
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans
Total Loans	10,701	5,715
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	41	6
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	29
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	70	6
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due loans	$ 10,631	$ 5,709

Schedule of Impaired Loans (Det

Schedule of Impaired Loans (Details) - Commercial Real Estate Portfolio Segment [Member] $ in Thousands	Dec. 31, 2020USD ($)
Financing Receivable, Past Due [Line Items]
Recorded Investment , With no related allowance recorded	$ 2,193
Unpaid Principal Balance, With no related allowance recorded	2,193
Related Allowance, With no related allowance recorded

Schedule of Interest Income Rec

Schedule of Interest Income Recognized and Received on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Past Due [Line Items]
Impaired loans - Average Recorded Investment		$ 3,944	$ 940	$ 3,945
Impaired loans - Interest Income Recognized		26	7	70
Impaired loans - Interest Income Received		30	7	89
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Impaired loans - Average Recorded Investment		940		940
Impaired loans - Interest Income Recognized				18
Impaired loans - Interest Income Received				11
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Impaired loans - Average Recorded Investment		2,193	940	2,194
Impaired loans - Interest Income Recognized		26	7	52
Impaired loans - Interest Income Received		30	7	60
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Impaired loans - Average Recorded Investment		811		811
Impaired loans - Interest Income Recognized
Impaired loans - Interest Income Received				$ 18

Loans (Details Narrative)

Loans (Details Narrative) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)NumberOfLoans
P P P Loan [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Debt instrument face amount	$ 37.4
Loans payable	$ 32
Paycheck Protection Program [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Number of loans originated | NumberOfLoans	502

Schedule of Basic and Diluted L

Schedule of Basic and Diluted Loss Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Weighted-average number of common shares outstanding used to calculate basic and diluted loss per common share	3,273,098	2,951,353	3,239,615	2,905,599

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other Liabilities	$ 612,000	$ 386,000
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services	62,112
Share-based Payment Arrangement, Expense	$ 200,000
2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation remain available for grant	250,096
Other Liabilities	$ 200,000
2018 Equity Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation number of shares authorized	550,000

Schedule of Debt Securities Ava

Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	$ 21,979	$ 18,893
SBA Pool Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	1,191	1,297
Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	313	485
Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	10,493	12,026
Fair Value Measured at Net Asset Value Per Share [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	21,979	18,893
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	21,979	18,893
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | SBA Pool Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	1,191	1,297
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	313	485
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Taxable Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	9,982	5,085
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	10,493	12,026
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | SBA Pool Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Taxable Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | SBA Pool Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	1,191	1,297
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	313	485
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Taxable Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	9,982	5,085
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale	10,493	12,026
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | SBA Pool Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Taxable Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities available for sale

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities transferred in or out	$ 0	$ 0

Schedule of Estimated Fair Valu

Schedule of Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities available for sale		$ 21,979	$ 18,893
Debt securities held-to-maturity		1,743	3,399
Accrued interest receivable		1,091	1,336
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities available for sale
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities available for sale		21,979	18,893
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities available for sale
Reported Value Measurement [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents		74,147	54,629
Debt securities available for sale		21,979	18,893
Debt securities held-to-maturity		1,743	3,399
Loans		190,805	152,469
Federal Home Loan Bank stock		793	1,092
Accrued interest receivable		1,091	1,336
Deposit liabilities		244,005	190,759
Federal Home Loan Bank advances		18,000	23,000
Junior subordinated debenture		1,228	2,068
Off-balance sheet financial instruments
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents		74,147	54,629
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities available for sale		21,979	18,893
Debt securities held-to-maturity		1,811	3,549
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans		190,762	153,276
Federal Home Loan Bank stock		793	1,092
Accrued interest receivable		1,091	1,336
Deposit liabilities		244,101	191,011
Federal Home Loan Bank advances		18,055	23,254
Junior subordinated debenture	[1]	0	0
Off-balance sheet financial instruments
[1]	The Company is unable to determine value based on significant unobservable inputs required in the calculation.

Schedule of Off-Balance Sheet R

Schedule of Off-Balance Sheet Risks of Financial Instruments (Details) $ in Thousands	Jun. 30, 2021USD ($)
Off- Balance Sheet Financial Instruments
Commitments to extend credit	$ 13,388
Unused lines of credit	9,338
Standby letters of credit	$ 4,550

Schedule of Capital Amounts, Ra

Schedule of Capital Amounts, Ratios and Regulatory Thresholds (Details) $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Line of Credit Facility [Abstract]
Tier I Capital to Total Assets	$ 30,751	$ 19,261
Tier I Capital to Total Assets, Ratio	11.3	9
Tier I Capital to Total Assets To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework)	$ 23,130	$ 17,116
Tier I Capital to Total Assets To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework), Ratio	8.5	8

Regulatory Matters (Details Nar

Regulatory Matters (Details Narrative)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility [Abstract]
Community bank leverage ratio		8.00%
Community bank leverage ratio 2021	8.50%
Community bank leverage ratio 2022 and beyond	9.00%
Bank leverage ratio		7.00%
Bank leverage ratio 2021	7.50%
Bank leverage ratio 2022 and beyond	8.00%

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued during the period, amount	$ 1,176,000		$ 539,000
Preferred Stock, No Par Value	$ 0			$ 0	$ 0
Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued
Shares issued during the period, amount
Preferred Stock, No Par Value	$ 0			$ 0
Preferred Stock, Shares Outstanding	760			760
[custom:StockholdersBeneficialOwnershipPercentageOfOutstandingSharesOfCommonStock]				9.90%
Preferred Stock, Liquidation Preference Per Share	$ 25,000			$ 25,000
Preferred Stock, Voting Rights				The Preferred Stock generally has no voting rights except as provided in the Certificate of Designation.
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion of shares, shares issued				7,600,000
Series B Participating Preferred Stock [Member] | Related Party [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued		160
Shares issued price per shares		$ 25,000
Shares issued during the period, amount		$ 4,000,000
Series B Participating Preferred Stock [Member] | Non Related Party [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued	200
Shares issued price per shares	$ 25,000			$ 25,000
Shares issued during the period, amount	$ 5,000,000