XML 43 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Earnings - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest income:    
Loans $ 31,759 $ 17,952
Debt securities 686 649
Other 3,335 1,281
Total interest income 35,780 19,882
Interest expense:    
Deposits 11,599 3,234
Borrowings 468 812
Total interest expense 12,067 4,046
Net interest income 23,713 15,836
Credit loss expense 4,047 3,466
Net interest income after credit loss expense 19,666 12,370
Noninterest income:    
Service charges and fees 3,329 2,550
Other 123 410
Total noninterest income 3,452 2,960
Noninterest expenses:    
Salaries and employee benefits 8,261 5,449
Professional fees 729 546
Occupancy and equipment 773 717
Data processing 1,699 1,227
Regulatory assessment 550 255
Litigation Settlement 375
Other 2,274 1,744
Total noninterest expenses 14,661 9,938
Net earnings before income taxes 8,457 5,392
Income taxes 2,174 1,369
Net earnings $ 6,283 $ 4,023
Net earnings per share - Basic $ 0.87 $ 0.68
Net earnings per share - Diluted $ 0.87 $ 0.68