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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME    
Interest and fees on loans $ 38,346 $ 37,131
Interest on securities, deposit accounts, and federal funds sold 4,185 3,759
Total interest income 42,531 40,890
INTEREST EXPENSE    
Interest on deposits 18,485 11,331
Interest on subordinated notes 560 553
Interest on FHLB and FRB borrowings 3,137 3,810
Total interest expense 22,182 15,694
Net interest income 20,349 25,196
(Recovery of) provision for credit losses - loans 0 (1,110)
(Recovery of) provision for credit losses - unfunded commitments (1,000) (400)
Total (recovery of) provision for credit losses (1,000) (1,510)
Net interest income after (recovery of) provision for credit losses 21,349 26,706
NONINTEREST INCOME    
Fair value adjustments of other equity investments (7) (51)
Residential mortgage banking income 2,664 3,199
Mortgage servicing rights 729 (1,896)
Gain on sale of guaranteed government loans 110 2,409
Wealth and trust management 520 432
Service charges on deposit accounts 398 343
Increase in cash surrender value of bank owned life insurance 337 282
Bank and purchase card, net 242 340
Other 2,832 2,225
Total noninterest income 7,825 7,283
NONINTEREST EXPENSE    
Salaries and employee benefits 16,045 15,289
Occupancy and equipment 1,524 1,569
Data processing 1,106 1,346
Legal and regulatory filings 447 1,234
Advertising and marketing 297 286
Communications 1,173 1,131
Audit and accounting fees 1,155 146
FDIC insurance 1,377 729
Intangible amortization 287 355
Other contractual services 1,717 939
Other taxes and assessments 943 802
Regulatory remediation 2,644 1,134
Other 3,759 3,887
Total noninterest expense 32,474 28,847
(Loss) income before income tax expense (3,300) 5,142
Income tax (benefit) expense (407) 1,172
Net (loss) income $ (2,893) $ 3,970
Basic (loss) earnings per share $ (0.15) $ 0.21
Diluted (loss) earnings per share $ (0.15) $ 0.21