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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Interest and dividend income:            
Loans, including fees $ 44,036 $ 42,644 $ 28,781 $ 87,758 $ 81,533 $ 55,102
Mortgage-backed securities 297 184 47 602 370 206
Other investment securities 1,006 1,070 939 1,981 2,190 1,887
FHLB stock and other interest earning assets 4,106 3,339 694 8,389 5,496 990
Total interest income 49,445 47,237 30,461 98,730 89,589 58,185
Deposits:            
Demand 5,349 4,190 946 10,606 7,344 1,704
Savings and club 152 143 110 318 261 218
Certificates of deposit 14,571 8,474 849 29,554 14,927 1,829
Total deposits 20,072 12,807 1,905 40,478 22,532 3,751
Borrowings 5,734 7,441 815 11,470 12,597 1,621
Total interest expense 25,806 20,248 2,720 51,948 35,129 5,372
Net interest income 23,639 26,989 27,741 46,782 54,460 52,813
Provision (benefit) for credit losses [1] 2,438 1,350   4,526 1,972 (2,575)
Net interest income after provision (benefit) for credit losses 21,201 25,639 27,741 42,256 52,488 55,388
Non-interest (loss) income:            
Fees and service charges 1,119 1,442 1,213 2,334 2,540 2,427
BOLI income 671 267 686 1,346 688 1,441
(Loss) gain on sales of loans (4,851)   43 (4,806) 6 108
Realized and unrealized (losses) on equity investments (222) (669) (2,302) (92) (3,896) (4,987)
Other 49 78 47 93 116 98
Total non-interest (loss) income (3,234) 1,118 (313) (1,125) (546) (913)
Non-interest expense:            
Salaries and employee benefits 6,992 7,711 6,715 13,973 15,329 13,451
Occupancy and equipment 2,529 2,560 2,673 5,173 5,112 5,368
Data processing and communications 1,672 1,795 1,469 3,525 3,460 2,934
Professional fees 604 622 489 1,199 1,188 983
Director fees 254 270 296 531 535 617
Regulatory assessments 953 796 244 2,095 1,332 548
Advertising and promotional 253 350 254 469 628 395
Other real estate owned, net   1 4   2 5
Other 730 601 912 1,860 974 1,714
Total non-interest expense 13,987 14,706 13,056 28,825 28,560 26,015
Income before income tax provision 3,980 12,051 14,372 12,306 23,382 28,460
Income tax provision 1,163 3,447 4,209 3,623 6,672 8,345
Net Income 2,817 8,604 10,163 8,683 16,710 20,115
Preferred stock dividends 448 174 138 882 347 414
Net Income available to common stockholders $ 2,369 $ 8,430 $ 10,025 $ 7,801 $ 16,363 $ 19,701
Net Income per common share-basic and diluted            
Basic $ 0.14 $ 0.50 $ 0.59 $ 0.46 $ 0.97 $ 1.16
Diluted $ 0.14 $ 0.50 $ 0.58 $ 0.46 $ 0.96 $ 1.13
Weighted average number of common shares outstanding            
Basic 17,005 16,824 16,997 16,968 16,886 16,989
Diluted 17,005 16,831 17,404 16,968 17,010 17,375
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.