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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Loans, including fees $ 43,899 $ 24,945
Federal funds sold 139 104
Other interest-bearing deposits 233  
Investment securities:    
Taxable 2,810 1,602
Tax exempt 1,021 475
Dividends 170 104
Total interest and dividend income 48,272 27,230
Interest expense:    
Demand and savings deposits 2,308 1,824
Certificates and other time deposits 1,108 1,454
Borrowings (132) 73
Total interest expense 3,284 3,351
Net interest income 44,988 23,879
Provision for loan losses 1,014 1,622
Net interest income after provision for loan losses 43,974 22,257
Noninterest income:    
Wealth management fees 3,508 1,133
Advisory and brokerage income 1,154 700
Deposit account fees 1,459 651
Debit/credit card and ATM fees 2,070 612
Bank owned life insurance income 708 437
Gains on sales of securities   743
Loan swap fee income 81 1,313
Other 1,485 976
Total noninterest income 10,465 6,565
Noninterest expense:    
Salaries and employee benefits 16,129 9,466
Net occupancy 3,575 1,908
Equipment 966 463
Bank franchise tax 1,136 649
Computer software 1,020 579
Data processing 2,793 1,106
FDIC deposit insurance assessment 858 187
Marketing, advertising and promotion 922 409
Merger and merger-related expenses 7,423 988
Plastics expense 978 180
Professional fees 1,117 723
Core deposit intangible amortization 1,389  
Other 4,216 2,121
Total noninterest expense 42,522 18,779
Income before income taxes 11,917 10,043
Provision for income taxes 1,846 2,065
Net income $ 10,071 $ 7,978
Net income per common share, basic $ 2.16 $ 2.95
Net income per common share, diluted $ 2.14 $ 2.95