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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and Dividend Income        
Interest and fees on loans $ 11,250 $ 7,189 $ 27,958 $ 22,199
Interest on investment securities 555 692 1,635 1,422
Dividends on investment securities 99 59 229 150
Other interest income 135 20 224 67
Total interest and dividend income 12,039 7,960 30,046 23,838
Interest Expense        
Interest on deposits 1,493 448 2,659 1,856
Interest on Federal Home Loan Bank borrowings 806 756 2,290 2,230
Interest on senior debt 218 229 638 686
Interest on subordinated debt 276 233 761 700
Interest on note payable and other 3 4 9 12
Total interest expense 2,796 1,670 6,357 5,484
Net interest income 9,243 6,290 23,689 18,354
Provision (credit) for loan losses 200 (300) 475 (300)
Net interest income after provision for loan losses 9,043 6,590 23,214 18,654
Non-interest Income        
Loan application, inspection and processing fees 102 79 278 203
Deposit fees and service charges 67 61 191 190
Gains on sales of loans 182 0 691 352
Rental income 124 130 448 400
Gain on sale of investment securities 0 26 0 119
Other income 179 627 658 854
Total non-interest income 654 923 2,266 2,118
Non-interest Expense        
Salaries and benefits 4,330 2,843 11,439 7,506
Occupancy and equipment expense 862 832 2,579 2,530
Data processing expense 297 376 910 1,088
Professional and other outside services 541 633 1,889 2,199
Project expenses, net 50 4 131 15
Advertising and promotional expense 50 57 191 196
Loan administration and processing expense 37 23 184 61
Regulatory assessments 245 213 598 649
Insurance expense, net 54 79 207 214
Communications, stationery and supplies 208 161 482 450
Other operating expense 540 490 1,535 1,484
Total non-interest expense 7,214 5,711 20,145 16,392
Income before income taxes 2,483 1,802 5,335 4,380
Provision for income taxes 157 479 944 1,181
Net income $ 2,326 $ 1,323 $ 4,391 $ 3,199
Basic earnings per share (in dollars per share) $ 0.59 $ 0.34 $ 1.11 $ 0.81
Diluted earnings per share (in dollars per share) $ 0.59 $ 0.34 $ 1.11 $ 0.81