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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Loans $ 55,435 $ 43,843
Securities – taxable 5,694 3,606
Securities – non-taxable 969 798
Other earning assets 6,067 3,786
Total interest income 68,165 52,033 CloseClose
Interest Expense    
Deposits 42,129 27,270
Other borrowed funds 5,302 5,189
Total interest expense 47,431 32,459 Close
Net Interest Income 20,734 19,574 Close
Provision for credit losses 2,582 9,373 CloseCloseCloseCloseClose
Benefit for credit losses - debt securities held to maturity (62) 0 CloseCloseCloseClose
(Benefit) provision for credit losses - off-balance sheet commitments (72) 42 CloseCloseCloseClose
Net Interest Income After Provision for Credit Losses 18,286 10,159 CloseCloseCloseClose
Noninterest Income     CloseCloseCloseClose
Gain on sale of loans 6,536 4,061 CloseCloseCloseClose
Other 702 370 CloseCloseCloseClose
Total noninterest income 8,347 5,446 CloseCloseCloseCloseClose
Noninterest Expense     CloseCloseCloseClose
Salaries and employee benefits 11,796 11,794 CloseCloseCloseClose
Marketing, advertising and promotion 736 844 CloseCloseCloseClose
Consulting and professional services 853 926 CloseCloseCloseClose
Data processing 564 659 CloseCloseCloseClose
Loan expenses 1,445 1,977 CloseCloseCloseClose
Premises and equipment 2,826 2,777 CloseCloseCloseClose
Deposit insurance premium 1,145 543 CloseCloseCloseClose
Other 1,658 1,434 CloseCloseCloseClose
Total noninterest expense 21,023 20,954 CloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 73469.0 52613.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 78509.0 71359.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 73345.0 52613.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 78633.0 71359.0 0.0 0.0 0 Close Close
Income (Loss) Before Income Taxes 5,610 (5,349) CloseCloseClose
Total NonInterest Income Expenses -12676.0 -15508.0 0.0 0 0 Close
Income Tax Provision (Benefit) 429 (2,332) Close
Net Income (Loss) $ 5,181 $ (3,017) Close
Income (Loss) Per Share of Common Stock    
Basic (in dollars per share) $ 0.60 $ (0.33)
Diluted (in dollars per share) $ 0.59 $ (0.33)
Weighted-Average Number of Common Shares Outstanding    
Basic (in shares) 8,679,429 9,024,072
Diluted (in shares) 8,750,297 9,024,072
Dividends Declared Per Share (in dollars per share) $ 0.06 $ 0.06
Service charges and fees    
Noninterest Income    
Noninterest income $ 220 $ 209
Loan servicing revenue    
Noninterest Income    
Noninterest income 1,323 785
Loan servicing asset revaluation    
Noninterest Income    
Noninterest income (434) (55)
Mortgage banking activities    
Noninterest Income    
Noninterest income $ 0 $ 76