XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Interim Condensed 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 income:        
Interest and fees on loans $ 9,750 $ 9,568 $ 27,339 $ 28,726
Interest on investment securities 920 462 2,237 1,208
Total interest income 10,670 10,030 29,576 29,934
Interest expense:        
Interest on deposits 864 652 1,964 2,100
Interest on borrowings 291 43 562 123
Total interest expense 1,155 695 2,526 2,223
Net interest income 9,515 9,335 27,050 27,711
Provision for loan and lease losses 1,165 618 2,781 1,517
Net interest income after provision for loan and lease losses 8,350 8,717 24,269 26,194
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 311 $ 271 $ 904 $ 777
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
Lease income $ 210 $ 208 $ 635 619
Other income, net 567 417 1,234 1,238
Total non-interest income 1,088 896 2,773 2,656
Non-interest expense:        
Salaries and employee benefits 4,007 5,045 12,389 14,951
Net occupancy and equipment 861 1,259 2,468 3,318
Computer services 417 461 1,224 1,411
Fees for professional services 263 292 811 1,003
Other expense 1,484 1,490 4,074 4,659
Total non-interest expense 7,032 8,547 20,966 25,342
Income before income taxes 2,406 1,066 6,076 3,508
Provision for income taxes 546 229 1,440 768
Net income $ 1,860 $ 837 $ 4,636 $ 2,740
Basic net income per share $ 0.31 $ 0.13 $ 0.76 $ 0.43
Diluted net income per share 0.29 0.13 0.71 0.41
Dividends per share $ 0.03 $ 0.03 $ 0.09 $ 0.09