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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and Dividend Income        
Interest and fees on loans $ 9,044 $ 7,267 $ 16,708 $ 15,010
Interest on investment securities 510 420 1,080 730
Dividends on investment securities 65 57 130 91
Other interest income 68 23 89 47
Total interest and dividend income 9,687 7,767 18,007 15,878
Interest Expense        
Interest on deposits 757 623 1,166 1,408
Interest on Federal Home Loan Bank borrowings 747 741 1,484 1,474
Interest on senior debt 210 228 420 457
Interest on subordinated debt 251 233 485 467
Interest on note payable and other 2 4 6 8
Total interest expense 1,967 1,829 3,561 3,814
Net interest income 7,720 5,938 14,446 12,064
Provision for loan losses 275 0 275 0
Net interest income after provision for loan losses 7,445 5,938 14,171 12,064
Non-interest Income        
Loan application, inspection and processing fees 89 61 176 124
Deposit fees and service charges 60 64 124 129
Gains on sales of loans 301 258 509 352
Rental income 132 140 324 270
Gain on sale of investment securities 0 93 0 93
Other income 216 137 479 227
Total non-interest income 798 753 1,612 1,195
Non-interest Expense        
Salaries and benefits 3,763 2,447 7,109 4,663
Occupancy and equipment expense 881 778 1,717 1,698
Data processing expense 283 362 613 712
Professional and other outside services 559 714 1,348 1,566
Project expenses, net 29 1 81 11
Advertising and promotional expense 73 77 141 139
Loan administration and processing expense 42 14 147 38
Regulatory assessments 179 208 353 436
Insurance expense, net 76 75 153 135
Communications, stationery and supplies 139 144 274 289
Other operating expense 478 466 995 994
Total non-interest expense 6,502 5,286 12,931 10,681
Income before income taxes 1,741 1,405 2,852 2,578
Provision for income taxes 476 383 787 702
Net income $ 1,265 $ 1,022 $ 2,065 $ 1,876
Basic earnings per share (in dollars per share) $ 0.32 $ 0.26 $ 0.52 $ 0.48
Diluted earnings per share (in dollars per share) $ 0.32 $ 0.26 $ 0.52 $ 0.47