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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest income:    
Loans, including fees $ 29,933 $ 14,022
Investment securities, including dividends 487 356
Interest-earning deposits 212 619
Total interest income 30,632 14,997
Interest expense:    
Deposits 4,752 2,286
Borrowings 738 26
Total interest expense 5,490 2,312
Net interest income before provision for loan losses 25,142 12,685
Provision for loan losses 2,000  
Net interest income after provision for loan losses 23,142 12,685
Noninterest income:    
Service charges on deposit accounts 1,359 922
Small Business Administration (SBA) loan fees   65
Gain on sales of investment securities available-for-sale 20 147
Other 777 511
Total noninterest income 2,156 1,645
Noninterest expenses:    
Salaries and employee benefits 10,969 7,254
Deferred compensation 279 236
Occupancy 2,820 1,830
Advertising 200 147
Data processing 2,343 1,577
Other real estate owned 20 23
Net loss (gain) on sale and write-down of other real estate owned 289 (21)
Legal and accounting 1,447 1,213
Organizational dues and subscriptions 306 294
Director compensation 203 192
Federal deposit insurance premiums 401 48
Other 2,141 1,211
Total noninterest expenses 21,418 14,004
Income before income taxes 3,880 326
Income tax expense (benefit) 792 (29)
Net income (loss) $ 3,088 $ 355
Basic and diluted earnings per share $ 0.41 $ 0.05