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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans, including fees $ 20,442 $ 16,032 $ 58,084 $ 45,475
Interest-bearing deposits in banks and other 1,000 1,588 2,972 4,188
Total interest income 21,442 17,620 61,056 49,663
Interest expense:        
Deposits 11,609 9,055 32,272 21,076
Borrowings 384 172 1,411 1,033
Total interest expense 11,993 9,227 33,683 22,109
Net interest income 9,449 8,393 27,373 27,554
Provision for credit losses 3,122 3,001 10,180 7,708
Net interest income after provision for credit losses 6,327 5,392 17,193 19,846
Noninterest income:        
Loan servicing income, net 918 760 2,518 2,149
Gain on sale of government guaranteed loans, net 6,143 7,139 19,827 17,576
Service charges and fees 447 408 1,343 1,166
Government guaranteed loans fair value gain 3,416 4,543 9,923 11,021
Government guaranteed loan packaging fees 903 1,158 3,332 2,076
Other noninterest income 445 671 1,250 1,076
Total noninterest income 12,272 14,679 38,193 35,064
Noninterest expense:        
Salaries and benefits 7,878 7,912 23,712 23,527
Bonus, commissions, and incentives 1,141 1,406 3,371 3,515
Occupancy and equipment 1,248 1,262 3,631 3,608
Data processing 1,789 1,526 4,996 4,189
Marketing and business development 532 929 1,660 2,696
Professional services 853 816 3,079 2,587
Loan origination and collection 1,956 1,981 5,633 4,697
Employee recruiting and development 595 543 1,741 1,667
Regulatory assessments 309 284 870 615
Other noninterest expense 763 768 2,754 2,140
Total noninterest expense 17,064 17,427 51,447 49,241
Income from continuing operations before income taxes 1,535 2,644 3,939 5,669
Income tax expense from continuing operations 398 674 1,043 1,415
Net income from continuing operations 1,137 1,970 2,896 4,254
Loss from discontinued operations before income taxes 0 (62) (92) (275)
Income tax benefit from discontinued operations 0 (15) (23) (68)
Net loss from discontinued operations 0 (47) (69) (207)
Net income 1,137 1,923 2,827 4,047
Preferred stock dividends 385 208 1,156 624
Net income available to common shareholders $ 752 $ 1,715 $ 1,671 $ 3,423
Basic earnings (loss) per common share:        
Continuing operations (in dollars per share) $ 0.18 $ 0.43 $ 0.42 $ 0.89
Discontinued operations (in dollars per share) 0 (0.01) (0.02) (0.05)
Total basic earnings per common share (in dollars per share) 0.18 0.42 0.40 0.84
Diluted earnings (loss) per common share:        
Continuing operations (in dollars per share) 0.18 0.42 0.42 0.88
Discontinued operations (in dollars per share) 0 (0.01) (0.02) (0.05)
Total diluted earnings per common share (in dollars per share) $ 0.18 $ 0.41 $ 0.40 $ 0.83