XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
Condensed Consolidated Statements of Operations (Unaudited)) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Interest and fees on loans $ 20,969 $ 22,160
Interest and dividends on investment securities and restricted stock 4,018 2,456
Other interest 8,295 4,807
Total interest income 33,282 29,423 CloseClose
Interest expense    
Interest on deposits 18,100 9,809
Interest on Federal Home Loan Bank borrowings 248 245
Interest on Subordinated Notes   1,693
Total interest expense 18,348 11,747 Close
Net interest income 14,934 17,676
Provision for credit losses 41 674 Close
Net interest income after provision for (recovery of) credit losses 14,893 17,002
Non-interest income    
Service charges and fees $ 87 $ 94
Revenue, Product and Service [Extensible List] sbt:ServiceChargesAndFeesMember sbt:ServiceChargesAndFeesMember
Loss on the sale of investment securities   $ (2)
Loss on sale of loans held for sale   (25)
Unrealized gain (loss) on equity securities $ (47) 71 Close
Net servicing income 75 59
Income earned on company-owned life insurance 83 80 Close
Other 1 1
Total non-interest income 199 278
Non-interest expense    
Salaries and employee benefits 8,460 9,410
Occupancy and equipment 2,084 2,112
Professional fees 2,182 3,221
FDIC assessments 262 257
Data processing 733 738
Other 1,671 2,099
Total non-interest expense 15,392 17,837 Close
Loss before income taxes (300) (557) CloseClose
Income tax expense (benefit) (103) (54) CloseClose
Net loss $ (197) $ (503) CloseClose
Loss per share, basic (in $ per share) $ 0.00 $ (0.01)
Loss per share, diluted (in $ per share) $ 0.00 $ (0.01)
Weighted average common shares outstanding:    
Basic 50,843,106 50,444,463
Diluted 50,843,106 50,444,463