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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans $ 23,868 $ 31,294
Interest and dividends on investment securities and restricted stock 835 390
Other interest 215 263
Total interest income 24,918 31,947
Interest expense    
Interest on deposits 2,330 6,702
Interest on Federal Home Loan Bank borrowings 352 838
Interest on subordinated notes 964 1,180
Total interest expense 3,646 8,720
Net interest income 21,272 23,227
Provision (recovery) for loan losses (4,289) (737)
Net interest income after provision (recovery) for loan losses 25,561 23,964
Non-interest income    
Service charges and fees $ 122 $ 159
Revenue, Product and Service [Extensible List] sbt:ServiceChargesAndFeesMember sbt:ServiceChargesAndFeesMember
Gain on sale of mortgage loans held for sale $ 197 $ 398
Unrealized losses on equity securities (236) (90)
Net servicing income (loss) 443 (430)
Income on cash surrender value of bank-owned life insurance 328 313
Other 557 103
Total non-interest income 1,411 453
Non-interest expense    
Salaries and employee benefits 9,617 7,848
Occupancy and equipment 2,142 2,196
Professional fees 5,157 8,755
FDIC assessments 369 719
Data processing 805 346
Net recovery of mortgage repurchase liability (213) (153)
Other 1,546 1,623
Total non-interest expense 19,423 21,334
Income before income taxes 7,549 3,083
Income tax expense 2,289 758
Net income $ 5,260 $ 2,325
Income per share, basic $ 0.10 $ 0.05
Income per share, diluted $ 0.10 $ 0.05
Weighted average common shares outstanding:    
Basic 50,191,288 49,851,202
Diluted 50,406,123 49,912,860