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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income:    
Loans, including fees $ 38,889 $ 26,321
Mortgage-backed securities 186 159
Other investment securities 1,120 948
FHLB stock and other interest earning assets 2,157 296
Total interest income 42,352 27,724
Deposits:    
Demand 3,154 758
Savings and club 118 108
Certificates of deposit 6,453 980
Total deposits 9,725 1,846
Borrowings 5,156 806
Total interest expense 14,881 2,652
Net interest income 27,471 25,072
Provision (credit) for loan losses [1] 622 (2,575)
Net interest income after provision (credit) for loan losses 26,849 27,647
Non-interest income:    
Fees and service charges 1,098 1,214
BOLI income 421 755
Gain on sales of loans 6 65
Realized and unrealized (losses) on equity investments (3,227) (2,685)
Other 38 51
Total non-interest income (1,664) (600)
Non-interest expense:    
Salaries and employee benefits 7,618 6,736
Occupancy and equipment 2,552 2,695
Data processing and communications 1,665 1,465
Professional fees 566 494
Director fees 265 321
Regulatory assessments 536 304
Advertising and promotional 278 141
Other real estate owned, net 1 1
Other 373 802
Total non-interest expense 13,854 12,959
Income before income tax provision 11,331 14,088
Income tax provision 3,225 4,136
Net Income 8,106 9,952
Preferred stock dividends 173 276
Net Income available to common stockholders $ 7,933 $ 9,676
Net Income per common share-basic and diluted    
Basic $ 0.47 $ 0.57
Diluted $ 0.46 $ 0.56
Weighted average number of common shares outstanding    
Basic 16,949 16,980
Diluted 17,208 17,343
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.