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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:    
Interest and fees on loans $ 73,577 $ 61,639
Interest on investments 10,671 7,758
Total interest and dividend income 84,248 69,397
Interest expense:    
Interest on deposits 25,749 6,429
Interest on FHLB borrowed funds 5,966 2,303
Interest on other borrowed funds 4,184 4,296
Total interest expense 35,899 13,028
Net interest income before provision for credit losses 48,349 56,369
Provision for credit losses (475) 1,475
Net interest income after provision for credit losses 48,824 54,894
Non-interest income:    
Service charges on deposit accounts 1,949 2,018
Interchange income 2,324 2,343
Loan servicing income 2,218 2,439
Gain on sale of loans 1,692 1,474
Loan fees and service charges 432 679
Net gains on investment securities 459 541
Other 1,176 936
Total non-interest income 10,250 10,430
Non-interest expense:    
Compensation and related benefits 21,106 22,128
Occupancy 5,431 5,490
Data processing 5,951 5,453
Amortization of intangible assets 755 1,449
Mortgage servicing rights expense, net 615 222
Advertising, marketing and public relations 734 1,017
FDIC premium assessment 812 470
Professional services 1,524 1,707
Losses (gains) on repossessed assets, net 62 (395)
New market tax credit depletion 0 650
Other 3,152 3,552
Total non-interest expense 40,142 41,743
Income before provision for income taxes 18,932 23,581
Provision for income taxes 5,873 5,820
Net income attributable to common stockholders $ 13,059 $ 17,761
Per share information:    
Basic earnings (USD per share) $ 1.25 $ 1.69
Diluted earnings (USD per share) 1.25 1.69
Cash dividends paid (USD per share) $ 0.29 $ 0.26