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Interim Condensed 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 income:        
Interest and fees on loans $ 8,742 $ 9,668 $ 17,589 $ 19,158
Interest on investment securities 783 391 1,317 746
Total interest income 9,525 10,059 18,906 19,904
Interest expense:        
Interest on deposits 584 705 1,100 1,448
Interest on borrowings 115 42 271 80
Total interest expense 699 747 1,371 1,528
Net interest income 8,826 9,312 17,535 18,376
Provision for loan and lease losses 895 498 1,616 899
Net interest income after provision for loan and lease losses 7,931 8,814 15,919 17,477
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 294 $ 240 $ 593 $ 506
Revenue, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Net gain on sales and prepayments of investment securities   $ 22   $ 22
Lease income $ 211 202 $ 425 411
Other income, net 351 345 667 821
Total non-interest income 856 809 1,685 1,760
Non-interest expense:        
Salaries and employee benefits 4,052 4,992 8,382 9,906
Net occupancy and equipment 841 1,020 1,607 2,059
Computer services 430 485 807 950
Fees for professional services 280 354 548 711
Other expense 1,275 1,548 2,590 3,169
Total non-interest expense 6,878 8,399 13,934 16,795
Income before income taxes 1,909 1,224 3,670 2,442
Provision for income taxes 494 271 894 539
Net income $ 1,415 $ 953 $ 2,776 $ 1,903
Basic net income per share $ 0.23 $ 0.15 $ 0.45 $ 0.30
Diluted net income per share 0.22 0.14 0.42 0.28
Dividends per share $ 0.03 $ 0.03 $ 0.06 $ 0.06