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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans $ 36,748 $ 23,931
Investment securities 613 474
Federal funds sold and interest-bearing deposits with banks 969 59
Total interest income 38,330 24,464
Interest expense    
Deposits 17,179 908
Borrowings 727 392
Total interest expense 17,906 1,300
Net interest income 20,424 23,164
Provision for credit losses 1,825 1,105
Net interest income after provision for credit losses 18,599 22,059
Noninterest income    
Mortgage banking income 622 1,494
Service fees on deposit accounts 325 303
ATM and debit card income 555 514
Income from bank owned life insurance 332 315
Other income 210 301
Total noninterest income 2,044 2,927
Noninterest expenses    
Compensation and benefits 10,356 9,455
Occupancy 2,457 1,779
Outside service and data processing costs 1,629 1,534
Insurance 689 261
Professional fees 660 599
Marketing 366 266
Other 947 791
Total noninterest expenses 17,104 14,685
Income before income tax expense 3,539 10,301
Income tax expense 836 2,331
Net income $ 2,703 $ 7,970
Earnings per common share    
Basic (in Dollars per share) $ 0.34 $ 1
Diluted (in Dollars per share) $ 0.33 $ 0.98
Weighted average common shares outstanding    
Basic (in Shares) 8,025,876 7,931,855
Diluted (in Shares) 8,092,270 8,096,310