XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and Dividend Income        
Interest and fees on loans $ 10,759 $ 9,215 $ 30,218 $ 23,432
Interest on deposits in banks 380 79 701 149
Interest on federal funds sold 0 8 0 8
Interest and dividends on securities:        
Taxable interest 1,323 766 3,750 2,180
Tax-exempt interest 307 242 921 637
Dividends 23 21 65 65
Total interest and dividend income 12,792 10,331 35,655 26,471
Interest Expense        
Interest on deposits 927 369 1,680 1,060
Interest on subordinated debt 70 156 208 464
Interest on junior subordinated debt 68 68 202 202
Total interest expense 1,065 593 2,090 1,726
Net interest income 11,727 9,738 33,565 24,745
Provision for (recovery of) loan losses 200 0 600 (1,000)
Net interest income after provision for (recovery of) loan losses 11,527 9,738 32,965 25,745
Noninterest Income        
Noninterest income 2,614 2,430 7,604 6,495
Income from bank owned life insurance 166 162 441 374
Net gains on securities available for sale 0 0 0 37
Net gains on sale of mortgage loans held for sale 0 0 0 25
Other operating income 247 56 473 295
Total noninterest income 3,027 2,648 8,518 7,226
Noninterest Expense        
Salaries and employee benefits 5,174 5,446 15,384 12,694
Occupancy 539 500 1,656 1,346
Equipment 546 519 1,725 1,383
Marketing 211 243 585 487
Supplies 117 176 384 341
Legal and professional fees 361 586 1,075 1,806
ATM and check card expense 332 329 982 828
FDIC assessment 109 87 393 234
Bank franchise tax 238 153 692 493
Data processing expense 243 465 700 885
Amortization expense 6 5 15 24
Other real estate owned expense, net 14 0 83 0
Other operating expense 1,193 917 2,971 2,185
Total noninterest expense 9,083 9,426 26,645 22,706
Income before income taxes 5,471 2,960 14,838 10,265
Income tax expense 1,017 562 2,820 2,089
Net income $ 4,454 $ 2,398 $ 12,018 $ 8,176
Earnings per common share        
Basic (in dollars per share) $ 0.71 $ 0.39 $ 1.92 $ 1.54
Diluted (in dollars per share) $ 0.71 $ 0.38 $ 1.92 $ 1.53
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 708 $ 547 $ 2,015 $ 1,436
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 915 753 2,462 2,036
Asset Management [Member]        
Noninterest Income        
Noninterest income 739 696 2,302 1,996
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income 180 279 601 611
Mortgage Banking [Member]        
Noninterest Income        
Noninterest income $ 72 $ 155 $ 224 $ 416