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Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Interest and fees on loans $ 11,764 $ 8,742 $ 22,746 $ 17,589
Interest on investment securities 675 674 1,358 1,171
Interest on deposits in banks 526 100 764 129
Other 34 9 91 17
Total interest income 12,999 9,525 24,959 18,906
Interest expense:        
Interest on deposits 3,322 584 5,459 1,100
Interest on borrowings 354 115 743 271
Total interest expense 3,676 699 6,202 1,371
Net interest income 9,323 8,826 18,757 17,535
Provision for credit losses 300 895 569 1,616
Net interest income after provision for credit losses 9,023 7,931 18,188 15,919
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 282 $ 294 $ 567 $ 593
Revenue, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Lease income $ 235 $ 211 $ 466 $ 425
Other income, net 282 351 595 667
Total non-interest income 799 856 1,628 1,685
Non-interest expense:        
Salaries and employee benefits 3,968 4,052 8,190 8,382
Net occupancy and equipment 893 841 1,728 1,607
Computer services 430 430 851 807
Insurance expense and assessments 406 293 733 660
Fees for professional services 159 280 404 548
Other expense 1,295 982 2,515 1,930
Total non-interest expense 7,151 6,878 14,421 13,934
Income before income taxes 2,671 1,909 5,395 3,670
Provision for income taxes 648 494 1,300 894
Net income $ 2,023 $ 1,415 $ 4,095 $ 2,776
Basic net income per share $ 0.34 $ 0.23 $ 0.69 $ 0.45
Diluted net income per share 0.31 0.22 0.64 0.42
Dividends per share $ 0.05 $ 0.03 $ 0.10 $ 0.06