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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:      
Loans, including fees $ 169,559 $ 123,577 $ 107,660
Mortgage-backed securities 880 564 680
Other investment securities 4,226 4,167 3,274
FHLB stock dividends and other interest-earning assets 13,695 3,133 959
Total interest and dividend income 188,360 131,441 112,573
Deposits:      
Demand 16,915 5,283 4,335
Savings and club 620 449 505
Certificates of deposit 39,157 6,889 6,160
Total deposits 56,692 12,621 11,000
Borrowings 27,606 4,875 4,180
Total interest expense 84,298 17,496 15,180
Net interest income 104,062 113,945 97,393
Provision (benefit) for credit losses 6,104 (3,075) 3,855
Net interest income after provision (benefit) for credit losses 97,958 117,020 93,538
Non-interest income:      
Fees and service charges 5,334 4,816 3,972
BOLI income 1,751 2,671 2,952
Gain on sales of loans 36 129 667
(Loss) gain on sale of impaired loans held in portfolio     (64)
Gain on sales of other real estate owned 77   11
Gain on sale of premises     371
Realized and unrealized (loss) gain on equity investments (3,361) (6,269) 147
Other 251 248 639
Total non-interest income 4,088 1,595 8,695
Non-interest expense:      
Salaries and employee benefits 30,827 28,021 26,410
Occupancy and equipment 10,340 10,627 11,360
Data processing service fees 6,968 6,033 6,024
Professional fees 2,735 3,766 1,919
Director fees 1,083 1,253 1,043
Regulatory assessments 3,585 1,243 1,310
Advertising and promotional 1,348 941 554
Other real estate owned, net 7 10 35
Loss from extinguishment of debt     1,597
Other 3,698 3,611 3,723
Total non-interest expense 60,591 55,505 53,975
Income before income tax provision 41,455 63,110 48,258
Income tax provision 11,972 17,531 14,018
Net Income 29,483 45,579 34,240
Preferred stock dividends 702 796 1,160
Net Income available to common stockholders $ 28,781 $ 44,783 $ 33,080
Net Income per common share-basic and diluted      
Basic $ 1.71 $ 2.64 $ 1.94
Diluted $ 1.70 $ 2.58 $ 1.92
Weighted average number of common shares outstanding      
Basic 16,870 16,969 17,063
Diluted 16,932 17,349 17,239