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v3.20.2

Business Combination (Details) - Schedule of pro forma financial information - Pro Forma Financial Information - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Business Combination (Details) - Schedule of pro forma financial information [Line Items] |  |  |  |  |
Net interest income |  | $ 9,033 | $ 9,196 | $ 17,919 | $ 17,916
Provision for loan losses |  | 1,300 | 200 | 1,900 | 200
Net interest income after provision |  | 7,733 | 8,996 | 16,019 | 17,716
Non interest income |  | 8,632 | 3,726 | 10,820 | 6,750
Non interest expense |  | 12,451 | 9,382 | 22,139 | 18,266
Income before income taxes |  | 3,914 | 3,340 | 4,700 | 6,200
Income tax expense | [1] | 742 | 614 | 781 | 1,133
Net income |  | 3,172 | 2,726 | 3,919 | 5,067
Preferred share dividends |  |  | 487 |  | 487
Net income to common shareholders |  | $ 3,172 | $ 2,239 | $ 3,919 | $ 4,580
Basic earnings per share (in Dollars per share) |  | $ 0.41 | $ 0.35 | $ 0.51 | $ 0.71
Diluted earnngs per share (in Dollars per share) |  | $ 0.41 | $ 0.34 | $ 0.51 | $ 0.63
[1] | Income tax expense for Edon calculated using a 21% statutory rate

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