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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income    
Loans and leases, including fees $ 12,641 $ 9,752
Securities 133 43
FHLB and FRB stock dividends 55 44
Federal funds sold and other 28 107
Total interest and dividend income 12,857 9,946
Interest expense    
Deposits 2,497 3,316
FHLB advances and other debt 519 260
Subordinated debentures 224 247
Total interest expense 3,240 3,823
Net interest income 9,617 6,123
Provision for loan and lease losses
Net interest income after provision for loan and lease losses 9,617 6,123
Noninterest income    
Service charges on deposit accounts 193 151
Net gains on sales of loans 6,360 2,844
Swap fee income 182 393
Gain on redemption of life insurance policies 380  
Earnings on bank owned life insurance 90 36
Other 25 20
Total noninterest income 7,230 3,444
Noninterest expense    
Salaries and employee benefits 4,609 3,045
Occupancy and equipment 322 253
Data processing 536 447
Franchise and other taxes 239 179
Professional fees 1,215 1,005
Director fees 152 158
Postage, printing and supplies 39 58
Advertising and marketing 1,244 1,275
Telephone 59 54
Loan expenses 57 97
Depreciation 97 86
FDIC premiums 239 157
Regulatory assessment 65 45
Other insurance 28 27
Other 68 158
Total noninterest expense 8,969 7,044
Income before incomes taxes 7,878 2,523
Income tax expense 1,457 517
Net income 6,421 2,006
Earnings allocated to participating securities (Series C preferred stock)   (377)
Net income attributable to common stockholders $ 6,421 $ 1,629
Earnings per common share:    
Basic $ 0.98 $ 0.31
Diluted $ 0.96 $ 0.30