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Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Interest and fees on loans $ 12,930 $ 11,764 $ 25,783 $ 22,746
Interest on investment securities 1,108 675 1,973 1,358
Interest on deposits in banks 423 526 875 764
Other 85 34 192 91
Total interest income 14,546 12,999 28,823 24,959
Interest expense:        
Interest on deposits 5,210 3,322 10,309 5,459
Interest on borrowings 160 354 298 743
Total interest expense 5,370 3,676 10,607 6,202
Net interest income 9,176 9,323 18,216 18,757
Provision for credit losses   300   569
Net interest income after provision for credit losses 9,176 9,023 18,216 18,188
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 298 $ 282 $ 597 $ 567
Revenue, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Lease income $ 253 $ 235 $ 510 $ 466
Other income, net 284 282 593 595
Total non-interest income 835 799 1,700 1,628
Non-interest expense:        
Salaries and employee benefits 3,890 3,968 7,978 8,190
Net occupancy and equipment 954 893 1,848 1,728
Computer services 444 430 887 851
Insurance expense and assessments 414 406 805 733
Fees for professional services 364 159 705 404
Other expense 1,206 1,295 2,196 2,515
Total non-interest expense 7,272 7,151 14,419 14,421
Income before income taxes 2,739 2,671 5,497 5,395
Provision for income taxes 612 648 1,263 1,300
Net income $ 2,127 $ 2,023 $ 4,234 $ 4,095
Basic net income per share $ 0.36 $ 0.34 $ 0.72 $ 0.69
Diluted net income per share 0.34 0.31 0.68 0.64
Dividends per share $ 0.05 $ 0.05 $ 0.10 $ 0.10