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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and dividend income:        
Interest and fees on loans $ 19,652 $ 18,558 $ 39,658 $ 36,770
Interest and dividends on debt securities available-for-sale 246 194 484 373
Interest on short-term investments 2,978 400 3,361 459
Total interest and dividend income 22,876 19,152 43,503 37,602
Interest expense:        
Interest on deposits 7,670 476 11,571 931
Interest on short-term borrowings 230   1,054  
Interest on long-term borrowings 74 71 160 141
Total interest expense 7,974 547 12,785 1,072
Net interest and dividend income 14,902 18,605 30,718 36,530
Credit loss (benefit) expense - loans (740) 1,005 2,195 1,088
Credit loss (benefit) expense - off - balance sheet credit exposures (327) 36 (1,483) 36
Total credit loss (benefit) expense (1,067) 1,041 712 1,124
Net interest and dividend income after credit loss (benefit) expense 15,969 17,564 30,006 35,406
Noninterest income:        
Customer service fees on deposit accounts 769 619 1,748 1,200
Service charges and fees - other 527 452 978 828
Bank owned life insurance income 272 258 538 514
Gain on loans sold, net   187   284
Other income 134 36 385 46
Total noninterest income 1,702 1,552 3,649 2,872
Noninterest expense:        
Salaries and employee benefits 8,109 7,322 16,653 14,511
Occupancy expense 421 398 842 837
Equipment expense 151 143 295 281
Deposit insurance 368 154 646 305
Data processing 374 344 735 679
Marketing expense 161 70 244 197
Professional fees 919 709 2,322 1,437
Directors' compensation 164 267 364 521
Software depreciation and implementation 483 327 900 621
Insurance expense 450 448 902 895
Service fees 281 225 517 433
Write down of other assets and receivables       395
Other 870 900 1,542 1,606
Total noninterest expense 12,751 11,307 25,962 22,718
Income before income tax expense 4,920 7,809 7,693 15,560
Income tax expense 1,459 2,190 2,129 4,416
Net income $ 3,461 $ 5,619 $ 5,564 $ 11,144
Earnings per share:        
Basic $ 0.21 $ 0.34 $ 0.34 $ 0.68
Diluted $ 0.21 $ 0.33 $ 0.34 $ 0.66
Weighted Average Shares:        
Basic 16,568,664 16,460,248 16,549,751 16,488,941
Diluted 16,570,017 16,882,933 16,550,666 16,957,186