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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 16,265 $ 13,484 $ 31,031 $ 26,505
Taxable securities 788 332 1,407 733
Nontaxable securities 309 255 608 462
Other interest and dividends 390 124 578 172
Total interest income 17,752 14,195 33,624 27,872
Interest expense:        
Deposits 889 1,131 1,762 2,321
Other borrowings 498 171 843 374
Total interest expense 1,387 1,302 2,605 2,695
Net interest income 16,365 12,893 31,019 25,177
Provision for loan losses 1,304 750 2,004 1,500
Net interest income after provision for loan losses 15,061 12,143 29,015 23,677
Noninterest income:        
Service charges on deposit accounts $ 480 $ 337 $ 925 $ 698
Revenue, Product and Service [Extensible Enumeration] Deposit Account [Member] Deposit Account [Member] Deposit Account [Member] Deposit Account [Member]
Swap fees $ 21 $ 279 $ 36 $ 836
SBA/USDA fees 93 439 481 3,304
Mortgage origination fees 213 396 499 802
Net gain (loss) on securities (42) 27 (403) (206)
Other operating income 639 567 1,199 1,108
Total noninterest income 1,404 2,045 2,737 6,542
Noninterest expenses:        
Salaries and employee benefits 5,982 5,530 11,707 10,587
Equipment and occupancy expenses 719 909 1,424 1,789
Data processing fees 570 527 1,134 1,042
Regulatory assessments 262 221 525 441
Other operating expenses 2,119 1,919 4,152 3,779
Total noninterest expenses 9,652 9,106 18,942 17,638
Income before income taxes 6,813 5,082 12,810 12,581
Income tax expense 1,590 1,176 3,030 2,993
Net Income $ 5,223 $ 3,906 $ 9,780 $ 9,588
Basic earnings per share (in dollars per share) $ 0.60 $ 0.51 $ 1.11 $ 1.25
Dilutive earnings per share (in dollars per share) $ 0.59 $ 0.50 $ 1.09 $ 1.23