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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 23,503 $ 18,336 $ 64,914 $ 51,596
Securities available-for-sale:        
Taxable 357 242 927 698
Tax-exempt 285 286 853 882
Securities held-to-maturity 3 2 8 8
Other interest and dividend income 2,852 225 3,924 441
TOTAL INTEREST AND DIVIDEND INCOME 27,000 19,091 70,626 53,625
INTEREST EXPENSE        
Deposits 10,316 1,392 21,502 3,785
Borrowings 0 3 118 3
TOTAL INTEREST EXPENSE 10,316 1,395 21,620 3,788
NET INTEREST INCOME 16,684 17,696 49,006 49,837
(Credit) provision for credit losses (182) 200 2,546 200
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 16,866 17,496 46,460 49,637
NON-INTEREST INCOME        
(Loss) gain on call/sale of securities available-for-sale (6) 0 (6) 2
Income from bank-owned life insurance 331 287 916 852
Fees and service charges 479 469 1,391 1,441
Loan fees, including preypayment penalties 1,184 850 2,565 1,248
Gain on bargain purchase 0 0 9,696 0
Gain on sale of other real estate owned 203 0 203 0
Other 212 101 577 322
TOTAL NON-INTEREST INCOME 2,403 1,707 15,342 3,865
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,177 5,442 17,352 15,251
Occupancy and equipment 2,142 1,539 5,188 4,446
Professional fees 614 786 1,635 1,929
Data processing and communications 1,242 1,043 3,860 3,134
Federal deposit insurance 258 249 701 788
Advertising and promotion 139 140 375 379
Office expense 117 52 392 168
Other real estate expenses 0 0 1 112
Core deposit intangible 116 135 378 434
Acquisition-related expenses (1,391) 0 5,635 0
Other 745 739 2,228 2,180
TOTAL NON-INTEREST EXPENSE 10,159 10,125 37,745 28,821
INCOME BEFORE INCOME TAX EXPENSE 9,110 9,078 24,057 24,681
INCOME TAX EXPENSE 1,512 2,103 3,574 5,358
NET INCOME $ 7,598 $ 6,975 $ 20,483 $ 19,323
Earnings per common share-basic $ 1.21 $ 1.12 $ 3.26 $ 3.05
Earnings per common share-diluted 1.19 1.09 3.21 2.98
Dividends declared per common share $ 0.3 $ 0.25 $ 0.9 $ 0.75