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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest income    
Loans, including fees $ 60,112 $ 55,550
Deposits with other banks and short term investments 214 438
Investment securities 10,260 7,137
Total interest income 70,586 63,125
Interest expense    
Deposits 2,601 5,599
Federal Home Loan Bank advances 691 743
Paycheck Protection Program Liquidity Facility 93 205
Other borrowings 1,012 1,333
Total interest expense 4,397 7,880
Net interest income 66,189 55,245
Provision for loan losses 700 6,558
Net interest income after provision for loan losses 65,489 48,687
Noninterest income    
Gain on sales of SBA loans 7,547 1,600
Gain (loss) on sales of securities (87) 926
Gain on sales of assets 0 1,082
BOLI income 1,041 743
Other 1,434 463
Total noninterest income 36,290 24,244
Noninterest expenses    
Salaries and employee benefits 45,596 34,141
Occupancy and equipment 6,149 5,311
Acquisition related expenses 4,617 862
Information technology expense 7,673 5,746
Professional fees 2,951 2,250
Advertising and public relations 2,657 2,111
Communications 1,373 835
Writedown of building 90 582
FHLB prepayment penalty 0 925
Other 7,519 5,538
Total noninterest expense 78,625 58,301
Income before income taxes 23,154 14,630
Income taxes 4,495 2,815
Net income $ 18,659 $ 11,815
Net income per share of common stock    
Basic (in dollars per share) $ 1.66 $ 1.24
Diluted (in dollars per share) 1.66 1.24
Cash dividends declared per share of common stock (in dollars per share) $ 0.41 $ 0.40
Weighted average shares outstanding, basic (in shares) 11,254,130 9,498,783
Weighted average shares outstanding, diluted (in shares) 11,254,130 9,498,783
Service charges on deposits    
Noninterest income    
Non interest revenue from banking services $ 6,213 $ 5,293
Mortgage fee income    
Noninterest income    
Non interest revenue from banking services 13,213 9,149
Interchange fees    
Noninterest income    
Non interest revenue from banking services $ 6,929 $ 4,988