XML 37 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:    
Interest and fees on loans $ 61,639 $ 58,172
Interest on investments 7,758 5,863
Total interest and dividend income 69,397 64,035
Interest expense:    
Interest on deposits 6,429 5,850
Interest on FHLB borrowed funds 2,303 1,572
Interest on other borrowed funds 4,296 2,946
Total interest expense 13,028 10,368
Net interest income before provision for loan losses 56,369 53,667
Provision for loan losses 1,475 0
Net interest income after provision for loan losses 54,894 53,667
Non-interest income:    
Service charges on deposit accounts 2,018 1,726
Interchange income 2,343 2,354
Loan servicing income 2,439 3,322
Gain on sale of loans 1,474 5,399
Loan fees and service charges 679 705
Net gains on investment securities 541 1,224
Other 936 1,094
Total non-interest income 10,430 15,824
Non-interest expense:    
Compensation and related benefits 22,128 22,723
Occupancy 5,490 5,327
Data processing 5,453 5,560
Amortization of intangible assets 1,449 1,596
Mortgage servicing rights expense, net 222 191
Advertising, marketing and public relations 1,017 986
FDIC premium assessment 470 551
Professional services 1,707 1,542
Gain on repossessed assets, net (395) (199)
New market tax credit depletion 650 0
Other 3,552 2,255
Total non-interest expense 41,743 40,532
Income before provision for income taxes 23,581 28,959
Provision for income taxes 5,820 7,693
Net income attributable to common stockholders $ 17,761 $ 21,266
Per share information:    
Basic earnings (USD per share) $ 1.69 $ 1.98
Diluted earnings (USD per share) 1.69 1.98
Cash dividends paid (USD per share) $ 0.26 $ 0.23