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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Loans, including fees $ 107,660 $ 107,153
Mortgage-backed securities 680 1,748
Other investment securities 3,274 1,690
FHLB stock dividends and other interest earning assets 959 2,835
Total interest and dividend income 112,573 113,426
Deposits:    
Demand 4,335 6,147
Savings and club 505 440
Certificates of deposit 6,160 19,360
Total deposits 11,000 25,947
Borrowings 4,180 7,069
Total interest expense 15,180 33,016
Net interest income 97,393 80,410
Provision for loan losses 3,855 9,441
Net interest income after provision for loan losses 93,538 70,969
Non-interest income:    
Fees and service charges 3,972 2,948
BOLI income 2,952 1,033
Gain on sales of loans 667 892
(Loss) gain on sale of impaired loans held in portfolio (64) 26
Gain (loss) on sales of other real estate owned 11 (38)
Gain on sales of premises 371 4,378
Gain on sale of investment securities   964
Realized and unrealized gains on equity investments 147 1,790
Other 639 497
Total non-interest income 8,695 12,490
Non-interest expense:    
Salaries and employee benefits 26,410 25,916
Occupancy and equipment 11,360 11,748
Data processing and service fees 6,024 5,676
Professional fees 1,919 1,682
Director fees 1,043 1,548
Regulatory assessments 1,310 1,344
Advertising and promotional 554 933
Other real estate owned, net 35 101
Loss from extinguishment of debt 1,597 1,150
Other 3,723 3,938
Total non-interest expense 53,975 54,036
Income before income tax provision 48,258 29,423
Income tax provision 14,018 8,566
Net Income 34,240 20,857
Preferred stock dividends 1,160 1,300
Net Income available to common stockholders $ 33,080 $ 19,557
Net Income per common share-basic and diluted    
Basic $ 1.94 $ 1.14
Diluted $ 1.92 $ 1.14
Weighted average number of common shares outstanding    
Basic 17,063 17,210
Diluted 17,239 17,226