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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income        
Interest and fees on loans $ 15,555 $ 12,481 $ 42,252 $ 38,501
Interest on securities 88 52 237 135
Other interest income 1,569 290 3,993 423
Total interest income 17,212 12,823 46,482 39,059
Interest expense        
Interest on deposits 2,801 303 6,290 808
Interest on PPP Liquidity Facility 0 1 0 2
Total interest expense 2,801 304 6,290 810
Net interest income 14,411 12,519 40,192 38,249
Provision for credit losses 3,070 4,457 8,429 10,317
Net interest income after provision for loan losses 11,341 8,062 31,763 27,932
Non-interest income        
Strategic Program fees 3,945 5,136 11,684 17,980
Gain on sale of loans, net 357 1,923 1,244 9,387
SBA loan servicing fees 199 327 1,016 1,056
Change in fair value on investment in BFG (500) (100) (800) (1,400)
Other miscellaneous income 1,228 237 1,900 613
Total non-interest income 5,229 7,523 15,044 27,636
Non-interest expense        
Salaries and employee benefits 6,416 5,137 18,354 18,684
Professional services 750 1,701 3,529 3,845
Occupancy and equipment expenses 958 540 2,388 1,261
(Recovery) impairment of SBA servicing asset 337 (127) (255) 949
Other operating expenses 1,609 1,218 4,790 3,797
Total non-interest expense 10,070 8,469 28,806 28,536
Income before income tax expense 6,500 7,116 18,001 27,032
Provision for income taxes 1,696 3,462 4,698 8,462
Net income $ 4,804 $ 3,654 $ 13,303 $ 18,570
Earnings per share, basic (in dollars per share) $ 0.38 $ 0.28 $ 1.04 $ 1.45
Earnings per share, diluted (in dollars per share) $ 0.37 $ 0.27 $ 1.01 $ 1.37
Weighted average shares outstanding, basic (in shares) 12,387,392 12,784,298 12,565,218 12,727,555
Weighted average shares outstanding, diluted (in shares) 12,868,207 13,324,059 13,008,833 13,404,564