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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Loans, including fees $ 48,657 $ 46,874 $ 26,777
Securities:      
Taxable 10,260 5,891 3,956
Tax exempt 5,617 2,684 1,472
Other 84 266 268
Total interest income 64,618 55,715 32,473
Interest expense      
Deposits 3,305 4,178 4,188
Advances from Federal Home Loan Bank 22 220 455
Other 650 246 57
Total interest expense 3,977 4,644 4,700
Net interest income 60,641 51,071 27,773
Provision for loan losses 416 4,000 0
Net interest income after provision for loan losses 60,225 47,071 27,773
Noninterest income      
Customer service charges 8,628 7,252 5,277
Insurance and investment commissions 765 541 310
Mortgage servicing rights (Note 4) 2,335 3,180 822
Gains on sales of loans (Note 4) 4,441 8,133 1,129
Net (losses) gains on sales of securities (Note 2) (40) 1,308 22
Net (losses) gains on sales and write-downs of other assets (Note 7) 6 (13) 55
Earnings on life insurance policies 809 772 773
Trust income 790 739 162
Change in market value of equity securities 479 (155) 0
Other 981 941 618
Total noninterest income 19,194 22,698 9,168
Noninterest expense      
Salaries and benefits (Note 13 and 14) 29,300 26,539 14,401
Occupancy and equipment (Note 5) 6,168 5,783 3,557
Data processing 6,189 6,765 3,210
Professional fees 3,009 3,716 3,112
Supplies and postage 614 844 407
Advertising and promotional 848 588 528
Intangible amortization (Note 6) 1,307 1,498 353
FDIC insurance 804 450 45
Other 4,682 4,701 2,863
Total noninterest expense 52,921 50,884 28,476
Income before income tax 26,498 18,885 8,465
Income tax expense 4,456 3,272 1,294
Net income $ 22,042 $ 15,613 $ 7,171
Basic earnings per share (Note 15) (in dollars per share) $ 2.87 $ 2.08 $ 1.58
Diluted earnings per share (Note 15) (in dollars per share) 2.86 2.07 1.58
Dividends declared, per share (in dollars per share) $ 0.94 $ 0.82 $ 1.40