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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income      
Loans and leases, including fees $ 51,256 $ 41,851 $ 33,778
Securities 756 161 172
FHLB and FRB stock dividends 234 199 207
Federal funds sold and other 102 175 947
Total interest and dividend income 52,348 42,386 35,104
Interest expense      
Deposits 8,014 11,911 11,684
FHLB advances and other debt 1,398 1,729 704
Subordinated debentures 897 938 1,016
Total interest expense 10,309 14,578 13,404
Net interest income 42,039 27,808 21,700
Provision for loan and lease losses (1,600) 10,915  
Net interest income after provision for loan and lease losses 43,639 16,893 21,700
Noninterest income      
Service charges on deposit accounts 845 633 553
Net gains on sales of residential mortgage loans 5,916 58,298 10,767
Net gains on sales of SBA loans 1,443 68 313
Gain on redemption of life insurance policies 383    
Earnings on bank owned life insurance 532 145 142
Gain on sale of deposits 1,893    
Swap fee income 194 651  
Other 434 198 258
Total noninterest income 11,640 59,993 11,720
Noninterest expense      
Salaries and employee benefits 16,948 21,987 11,170
Occupancy and equipment 1,120 1,077 965
Data processing 2,086 1,812 1,350
Franchise and other taxes 975 740 454
Professional fees 4,348 5,070 1,855
Director fees 622 648 547
Postage, printing and supplies 146 172 225
Advertising and marketing 3,061 5,624 2,829
Telephone 263 219 201
Loan expenses 352 304 232
Foreclosed assets, net   (9)
Depreciation 435 381 316
FDIC premiums 1,238 588 529
Regulatory assessment 261 181 165
Other insurance 158 106 99
Other 448 1,694 451
Total noninterest expense 32,461 40,603 21,379
Income before incomes taxes 22,818 36,283 12,041
Income tax expense 4,365 6,675 2,440
Net income 18,453 29,608 9,601
Accretion of discount and value of warrants exercised related to Series B preferred stock     219
Earnings allocated to participating securities (Series C preferred stock)   (2,280) (430)
Net income attributable to common stockholders $ 18,453 $ 27,328 $ 9,390
Earnings per common share:      
Basic $ 2.84 $ 4.53 $ 2.05
Diluted $ 2.77 $ 4.47 $ 2.03