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Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans $ 10,982 $ 8,847
Interest on investment securities 978 534
Total interest income 11,960 9,381
Interest expense:    
Interest on deposits 2,137 516
Interest on borrowings 389 156
Total interest expense 2,526 672
Net interest income 9,434 8,709
Provision for credit losses 269 721
Net interest income after provision for credit losses 9,165 7,988
Non-interest income:    
Revenue from Contract with Customer, Including Assessed Tax $ 285 $ 299
Revenue, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember
Lease income $ 231 $ 214
Other income, net 313 316
Total non-interest income 829 829
Non-interest expense:    
Salaries and employee benefits 4,222 4,330
Net occupancy and equipment 835 766
Computer services 421 377
Insurance expense and assessments 327 367
Fees for professional services 245 268
Other expense 1,220 948
Total non-interest expense 7,270 7,056
Income before income taxes 2,724 1,761
Provision for income taxes 652 400
Net income $ 2,072 $ 1,361
Basic net income per share $ 0.35 $ 0.22
Diluted net income per share 0.33 0.20
Dividends per share $ 0.05 $ 0.03