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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans $ 23,931 $ 22,465
Investment securities 474 301
Federal funds sold and interest-bearing deposits with banks 59 47
Total interest income 24,464 22,813
Interest expense    
Deposits 908 1,155
Borrowings 392 385
Total interest expense 1,300 1,540
Net interest income 23,164 21,273
Provision for (reversal of) credit losses 1,105 (300)
Net interest income after provision for credit losses 22,059 21,573
Noninterest income    
Mortgage banking income 1,494 4,633
Service fees on deposit accounts 191 185
ATM and debit card income 528 470
Income from bank owned life insurance 315 267
Other income 399 349
Total noninterest income 2,927 5,904
Noninterest expenses    
Compensation and benefits 8,144 6,683
Mortgage production costs 1,649 2,867
Occupancy 1,777 1,637
Other real estate owned expenses 387
Outside service and data processing costs 1,411 1,142
Insurance 261 301
Professional fees 496 421
Marketing 256 182
Other 691 542
Total noninterest expenses 14,685 14,162
Income before income tax expense 10,301 13,315
Income tax expense 2,331 2,949
Net income $ 7,970 $ 10,366
Earnings per common share    
Basic (in Dollars per share) $ 1 $ 1.33
Diluted (in Dollars per share) $ 0.98 $ 1.31
Weighted average common shares outstanding    
Basic (in Shares) 7,931,855 7,774,515
Diluted (in Shares) 8,096,310 7,908,537