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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Interest and fees on loans $ 58,172 $ 59,763
Interest on investments 5,863 4,764
Total interest and dividend income 64,035 64,527
Interest expense:    
Interest on deposits 5,850 10,000
Interest on FHLB and FRB borrowed funds 1,572 1,814
Interest on other borrowed funds 2,946 2,458
Total interest expense 10,368 14,272
Net interest income before provision for loan losses 53,667 50,255
Provision for loan losses 0 7,750
Net interest income after provision for loan losses 53,667 42,505
Non-interest income:    
Service charges on deposit accounts 1,726 1,832
Interchange income 2,354 2,029
Loan servicing income 3,322 4,158
Gain on sale of loans 5,399 6,693
Loan fees and service charges 705 1,383
Insurance commission income 0 475
Net gains (losses) on investment securities 1,224 110
Net gain on sale of acquired business lines 0 432
Settlement proceeds 0 131
Other 1,094 1,205
Total non-interest income 15,824 18,448
Non-interest expense:    
Compensation and related benefits 22,723 22,256
Occupancy 5,327 5,523
Data processing 5,560 5,193
Amortization of intangible assets 1,596 1,622
Mortgage servicing rights expense, net 191 3,050
Advertising, marketing and public relations 986 967
FDIC premium assessment 551 584
Professional services 1,542 1,757
Gain on repossessed assets, net (199) (259)
Other 2,255 2,980
Total non-interest expense 40,532 43,673
Income before provision for income tax 28,959 17,280
Provision for income taxes 7,693 4,555
Net income attributable to common stockholders $ 21,266 $ 12,725
Per share information:    
Basic earnings (USD per share) $ 1.98 $ 1.14
Diluted earnings (USD per share) 1.98 1.14
Cash dividends paid (USD per share) $ 0.23 $ 0.21