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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income        
Interest and fees on loans $ 14,355 $ 12,864 $ 26,697 $ 26,020
Interest on securities 77 44 149 83
Other interest income 1,437 105 2,424 133
Total interest income 15,869 13,013 29,270 26,236
Interest expense        
Interest on deposits 2,194 244 3,489 505
Interest on PPP Liquidity Facility 0 0 0 1
Total interest expense 2,194 244 3,489 506
Net interest income 13,675 12,769 25,781 25,730
Provision for credit losses 2,688 2,913 5,359 5,860
Net interest income after provision for loan losses 10,987 9,856 20,422 19,870
Non-interest income        
Strategic Program fees 4,054 6,221 7,739 12,844
Gain on sale of loans, net 700 2,412 887 7,464
SBA loan servicing fees 226 342 817 729
Change in fair value on investment in BFG 120 (575) 35 (973)
Other miscellaneous income 188 31 337 49
Total non-interest income 5,288 8,431 9,815 20,113
Non-interest expense        
Salaries and employee benefits 6,681 6,594 11,938 13,547
Professional services 1,305 1,511 2,779 2,145
Occupancy and equipment expenses 718 469 1,430 821
(Recovery) impairment of SBA servicing asset (339) 1,135 (592) 1,076
Other operating expenses 1,634 1,310 3,181 2,478
Total non-interest expense 9,999 11,019 18,736 20,067
Income before income tax expense 6,276 7,268 11,501 19,916
Provision for income taxes 1,638 1,786 3,002 5,000
Net income $ 4,638 $ 5,482 $ 8,499 $ 14,916
Earnings per share, basic (in dollars per share) $ 0.36 $ 0.43 $ 0.66 $ 1.17
Earnings per share, diluted (in dollars per share) $ 0.35 $ 0.41 $ 0.64 $ 1.10
Weighted average shares outstanding, basic (in shares) 12,603,463 12,716,010 12,655,605 12,698,714
Weighted average shares outstanding, diluted (in shares) 12,989,530 13,417,390 13,080,620 13,444,347