XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and Dividend Income    
Interest and fees on loans $ 9,496 $ 7,143
Interest on deposits in banks 70 33
Interest and dividends on securities:    
Taxable interest 1,132 717
Tax-exempt interest 305 180
Dividends 21 22
Total interest and dividend income 11,024 8,095
Interest Expense    
Interest on deposits 340 363
Interest on subordinated debt 69 154
Interest on junior subordinated debt 67 66
Total interest expense 476 583
Net interest income 10,548 7,512
Provision for loan losses 0 0
Net interest income after provision for loan losses 10,548 7,512
Noninterest Income    
Noninterest income 2,489 1,972
Income from bank owned life insurance 144 113
Net gains on securities available for sale 0 37
Net gains on sale of mortgage loans held for sale 0 7
Other operating income 78 14
Total noninterest income 2,711 2,143
Noninterest Expense    
Salaries and employee benefits 5,124 3,555
Occupancy 572 447
Equipment 559 431
Marketing 151 106
Supplies 136 88
Legal and professional fees 333 737
ATM and check card expense 303 231
FDIC assessment 152 69
Bank franchise tax 216 168
Data processing expense 236 204
Amortization expense 4 14
Other real estate owned expense, net 28 0
Other operating expense 830 600
Total noninterest expense 8,644 6,650
Income before income taxes 4,615 3,005
Income tax expense 886 569
Net income $ 3,729 $ 2,436
Earnings per common share    
Basic (in dollars per share) $ 0.60 $ 0.50
Diluted (in dollars per share) $ 0.60 $ 0.50
Deposit Account [Member]    
Noninterest Income    
Noninterest income $ 609 $ 442
Credit and Debit Card [Member]    
Noninterest Income    
Noninterest income 750 601
Asset Management [Member]    
Noninterest Income    
Noninterest income 803 643
Financial Service, Other [Member]    
Noninterest Income    
Noninterest income 233 182
Mortgage Banking [Member]    
Noninterest Income    
Noninterest income $ 94 $ 104