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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income:            
Loans, including fees $ 42,857 $ 44,133 $ 32,302 $ 130,615 $ 125,666 $ 87,404
Mortgage-backed securities 303 217 173 905 587 379
Other investment securities 994 1,045 1,103 2,975 3,235 2,990
FHLB stock and other interest earning assets 4,472 3,672 822 12,861 9,168 1,812
Total interest income 48,626 49,067 34,400 147,356 138,656 92,585
Deposits:            
Demand 5,686 4,556 1,169 16,292 11,900 2,873
Savings and club 146 182 113 464 443 331
Certificates of deposit 13,670 10,922 1,087 43,224 25,849 2,916
Total deposits 19,502 15,660 2,369 59,980 38,192 6,120
Borrowings 6,079 7,727 1,080 17,549 20,324 2,701
Total interest expense 25,581 23,387 3,449 77,529 58,516 8,821
Net interest income 23,045 25,680 30,951 69,827 80,140 83,764
Provision (benefit) for credit losses [1] 2,890 2,205   7,416 4,177 (2,575)
Net interest income after provision (benefit) for credit losses 20,155 23,475 30,951 62,411 75,963 86,339
Non-interest income:            
Fees and service charges 1,196 1,349 1,251 3,530 3,889 3,678
BOLI income 652 466 646 1,998 1,154 2,087
Gain (loss) gain on sales of loans 35 19 18 (4,771) 25 126
Realized and unrealized gain (loss) on equity investments 1,132 (494) (559) 1,040 (4,390) (5,546)
Other 112 66 90 205 182 188
Total non-interest income 3,127 1,406 1,446 2,002 860 533
Non-interest expense:            
Salaries and employee benefits 7,139 7,524 6,944 21,112 22,853 20,395
Occupancy and equipment 2,591 2,622 2,608 7,764 7,734 7,976
Data processing and communications 1,681 1,787 1,520 5,206 5,247 4,454
Professional fees 618 560 614 1,817 1,748 1,597
Director fees 351 274 375 882 809 992
Regulatory assessments 666 1,111 264 2,761 2,443 812
Advertising and promotional 182 317 286 651 945 681
Other real estate owned, net   1 1   3 6
Other 701 1,267 841 2,561 2,241 2,555
Total non-interest expense 13,929 15,463 13,453 42,754 44,023 39,468
Income before income tax provision 9,353 9,418 18,944 21,659 32,800 47,404
Income tax provision 2,685 2,707 5,552 6,308 9,379 13,897
Net Income 6,668 6,711 13,392 15,351 23,421 33,507
Preferred stock dividends 475 173 174 1,357 520 624
Net Income available to common stockholders $ 6,193 $ 6,538 $ 13,218 $ 13,994 $ 22,901 $ 32,883
Net Income per common share-basic and diluted            
Basic $ 0.36 $ 0.39 $ 0.78 $ 0.82 $ 1.36 $ 1.94
Diluted $ 0.36 $ 0.39 $ 0.76 $ 0.82 $ 1.35 $ 1.89
Weighted average number of common shares outstanding            
Basic 17,039 16,830 16,982 16,991 16,868 16,986
Diluted 17,064 16,854 17,356 16,992 16,951 17,369
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.