XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Loans, including fees $ 26,321 $ 26,863
Mortgage-backed securities 159 206
Other investment securities 948 784
FHLB stock dividends and other interest earning assets 296 222
Total interest income 27,724 28,075
Deposits:    
Demand 758 1,198
Savings and club 108 118
Certificates of deposit 980 1,992
Total deposits 1,846 3,308
Borrowings 806 1,205
Total interest expense 2,652 4,513
Net interest income 25,072 23,562
(Reversal) provision for loan losses (2,575) 1,865
Net interest income after (reversal) provision for loan losses 27,647 21,697
Non-interest income:    
Fees and service charges 1,214 1,111
BOLI income 755 701
Gain on sales of loans 65 274
Realized and unrealized (losses) on equity investments (2,685) (196)
Other 51 60
Total non-interest income (600) 1,950
Non-interest expense:    
Salaries and employee benefits 6,736 6,545
Occupancy and equipment 2,695 2,953
Data processing and communications 1,465 1,456
Professional fees 494 412
Director fees 321 247
Regulatory assessments 304 376
Advertising and promotional 141 83
Other real estate owned, net 1 4
Loss from extinguishment of debt   540
Other 802 967
Total non-interest expense 12,959 13,583
Income before income tax provision 14,088 10,064
Income tax provision 4,136 2,947
Net Income 9,952 7,117
Preferred stock dividends 276 283
Net Income available to common stockholders $ 9,676 $ 6,834
Net Income per common share-basic and diluted    
Basic $ 0.57 $ 0.40
Diluted $ 0.56 $ 0.40
Weighted average number of common shares outstanding    
Basic 16,980 17,115
Diluted 17,343 17,232