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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income    
Loans, including fees $ 36,398 $ 21,038
Taxable securities 2,834 1,720
Tax-exempt securities 2,262 1,789
Deposits in other banks 45 119
Total interest and dividend income 41,539 24,666
Interest expense    
Deposits 3,232 705
Federal Home Loan Bank advances 4,277 190
Subordinated debentures 1,169 836
Securities sold under agreements to repurchase and other 260 3
Total interest expense 8,938 1,734
Net interest income 32,601 22,932
Provision for credit losses 620 300
Net interest income after provision for loan losses 31,981 22,632
Noninterest income    
Service charges 1,773 1,579
Net gain (loss) on equity securities (68) 50
Net gain on sale of loans 631 936
ATM/Interchange fees 1,353 1,241
Wealth management fees 1,193 1,277
Lease revenue and residual income 2,046  
Bank owned life insurance 253 244
Tax refund processing fees 1,900 1,900
Swap fees 61  
Other 1,926 416
Total noninterest income 11,068 7,643
Noninterest expense    
Compensation expense 15,105 12,223
Net occupancy expense 1,359 1,150
Equipment expense 2,761 495
Contracted data processing 520 620
FDIC assessment 248 203
State franchise tax 526 591
Professional services 1,555 1,049
Amortization of intangible assets 398 217
ATM/Interchange expense 580 513
Marketing 505 317
Software maintenance expense 878 708
Other operating expenses 3,198 2,172
Total noninterest expense 27,633 20,258
Income before taxes 15,416 10,017
Income tax expense 2,528 1,551
Net Income $ 12,888 $ 8,466
Earnings per common share, basic $ 0.82 $ 0.57
Earnings per common share, diluted $ 0.82 $ 0.57