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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income    
Loans, including fees $ 45,188 $ 50,467
Securities 232 854
Other 1,146 1,554
Total interest income 46,566 52,875
Interest expense    
Deposits 2,227 6,988
Subordinated notes 567 0
Total interest expense 2,794 6,988
Net interest income 43,772 45,887
(Recovery of) provision for loan losses (1,240) 55
Net interest income after (recovery of) provision for loan losses 45,012 45,832
Noninterest income    
Deposit service charges and fees 3,184 3,196
Loan servicing fees [1] 731 552
Mortgage brokerage and banking fees [1] 35 98
Trust and insurance commissions and annuities income 1,136 961
Earnings on bank-owned life insurance [1] 114 70
Other [1] 489 489
Total noninterest income 5,689 5,366
Noninterest expense    
Compensation and benefits 22,638 21,323
Office occupancy and equipment 7,524 7,271
Advertising and public relations 742 591
Information technology 3,083 3,360
Professional fees 1,336 1,356
Supplies, telephone, and postage 1,615 1,232
Nonperforming asset management 52 146
Operations of foreclosed assets, net 364 17
FDIC insurance premiums 478 348
Other 3,111 2,794
Total noninterest expense 40,943 38,438
Income before income taxes 9,758 12,760
Income tax expense 2,348 3,597
Net income $ 7,410 $ 9,163
Basic and diluted earnings per common share (in dollars per share) $ 0.53 $ 0.61
Basic and diluted weighted average common shares outstanding (in shares) 14,031,198 14,951,656
[1] Not within the scope of ASC 606