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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Loans $ 43,843 $ 33,188
Securities – taxable 3,606 2,221
Securities – non-taxable 798 249
Other earning assets 3,786 376
Total interest income 52,033 36,034
Interest Expense    
Deposits 27,270 6,097
Other borrowed funds 5,189 4,187
Total interest expense 32,459 10,284
Net Interest Income 19,574 25,750
Provision for credit losses 9,415 791
Net Interest Income After Provision for Credit Losses 10,159 24,959
Noninterest Income    
Gain on sale of loans 4,061 3,845
Other 370 498
Total noninterest income 5,446 6,820
Noninterest Expense    
Salaries and employee benefits 11,794 9,878
Marketing, advertising and promotion 844 756
Consulting and professional services 926 1,925
Data processing 659 449
Loan expenses 1,977 1,582
Premises and equipment 2,777 2,540
Deposit insurance premium 543 281
Other 1,434 1,369
Total noninterest expense 20,954 18,780
(Loss) Income Before Income Taxes (5,349) 12,999
Income Tax (Benefit) Provision (2,332) 1,790
Net (Loss) Income $ (3,017) $ 11,209
(Loss) Income Per Share of Common Stock    
Basic (in dollars per share) $ (0.33) $ 1.14
Diluted (in dollars per share) $ (0.33) $ 1.14
Weighted-Average Number of Common Shares Outstanding    
Basic (in shares) 9,024,072,000 9,790,122,000
Diluted (in shares) 9,024,072,000 9,870,394,000
Dividends Declared Per Share (in dollars per share) $ 0.06 $ 0.06
Service charges and fees    
Noninterest Income    
Noninterest income $ 209 $ 316
Loan servicing revenue    
Noninterest Income    
Noninterest income 785 585
Loan servicing asset revaluation    
Noninterest Income    
Noninterest income (55) (297)
Mortgage banking activities    
Noninterest Income    
Noninterest income $ 76 $ 1,873