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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and Dividend Income        
Interest and fees on loans $ 9,963 $ 7,074 $ 19,459 $ 14,217
Interest on deposits in banks 251 37 321 70
Interest and dividends on securities:        
Taxable interest 1,295 697 2,427 1,414
Tax-exempt interest 309 215 614 395
Dividends 21 22 42 44
Total interest and dividend income 11,839 8,045 22,863 16,140
Interest Expense        
Interest on deposits 413 328 753 691
Interest on subordinated debt 69 154 138 308
Interest on junior subordinated debt 67 68 134 134
Total interest expense 549 550 1,025 1,133
Net interest income 11,290 7,495 21,838 15,007
Provision for (recovery of) loan losses 400 (1,000) 400 (1,000)
Net interest income after provision for (recovery of) loan losses 10,890 8,495 21,438 16,007
Noninterest Income        
Noninterest income 2,501 2,093 4,990 4,065
Income from bank owned life insurance 131 99 275 212
Net gains on securities available for sale 0 0 0 37
Net gains on sale of mortgage loans held for sale 0 18 0 25
Other operating income 148 225 226 239
Total noninterest income 2,780 2,435 5,491 4,578
Noninterest Expense        
Salaries and employee benefits 5,086 3,693 10,210 7,248
Occupancy 545 399 1,117 846
Equipment 620 433 1,179 864
Marketing 223 138 374 244
Supplies 131 77 267 165
Legal and professional fees 381 483 714 1,220
ATM and check card expense 347 268 650 499
FDIC assessment 132 78 284 147
Bank franchise tax 238 172 454 340
Data processing expense 221 216 457 420
Amortization expense 5 5 9 19
Other real estate owned expense, net 41 0 69 0
Other operating expense 948 668 1,778 1,268
Total noninterest expense 8,918 6,630 17,562 13,280
Income before income taxes 4,752 4,300 9,367 7,305
Income tax expense 917 958 1,803 1,527
Net income $ 3,835 $ 3,342 $ 7,564 $ 5,778
Earnings per common share        
Basic (in dollars per share) $ 0.61 $ 0.69 $ 1.21 $ 1.19
Diluted (in dollars per share) $ 0.61 $ 0.69 $ 1.21 $ 1.19
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 698 $ 447 $ 1,307 $ 889
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 797 682 1,547 1,283
Asset Management [Member]        
Noninterest Income        
Noninterest income 760 657 1,563 1,300
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income 188 150 421 331
Mortgage Banking [Member]        
Noninterest Income        
Noninterest income $ 58 $ 157 $ 152 $ 262