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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Interest and fees on loans $ 30,487 $ 26,731
Interest and dividends on investments securities    
Mortgage-backed securities 102 118
Other 269 336
Interest on federal funds sold and interest-bearing deposits 1,182 1,132
Total Interest Income 32,374 28,645 CloseClose
Interest Expense    
Interest on interest bearing DDA deposits 1,860 343
Interest on savings and NOW deposits 157 108
Interest on money market deposits 5,178 1,203
Interest on time deposits 8,833 4,144
Interest on federal funds purchased 107 38
Interest on Federal Home Loan Bank advances 46 906
Interest on subordinated debt 820 812
Total Interest Expense 17,001 7,554 Close
Net Interest Income 15,373 21,091 Close
Provision For Credit Losses - Loans 164 415 CloseCloseCloseClose
Recovery of off-balance sheet credit losses, net (359) (132) CloseCloseCloseClose
Net Interest Income After Provision For (Recovery of) Credit Losses 15,568 20,808 CloseCloseCloseClose
Non-Interest Income     CloseCloseCloseClose
Deposit account service charges 469 590 CloseCloseCloseClose
Bank owned life insurance income 292 255 CloseCloseCloseClose
Other fee income 130 158 CloseCloseCloseClose
Total Non-Interest Income 891 1,003 CloseCloseCloseCloseClose
Non-Interest Expense     CloseCloseCloseClose
Salaries and employee benefits 7,488 7,621 CloseCloseCloseClose
Furniture and equipment expenses 935 498 CloseCloseCloseClose
Advertising and marketing 454 797 CloseCloseCloseClose
Occupancy expenses 435 486 CloseCloseCloseClose
Outside services 774 490 CloseCloseCloseClose
Administrative expenses 242 215 CloseCloseCloseClose
Other operating expenses 1,996 1,596 CloseCloseCloseClose
Total Non-Interest Expense 12,324 11,703 CloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 42193.0 45937.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 41803.0 46503.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 41475.0 45673.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 42521.0 46767.0 0.0 0.0 0 Close Close
Income Before Income Taxes 4,135 10,108 CloseCloseClose
Total NonInterest Income Expenses -11433.0 -10700.0 0.0 0 0 Close
Income Tax Expense 830 1,957 Close
Net Income 3,305 8,151 Close
Preferred Stock Dividends 539 539
Net Income Available to Common Shareholders $ 2,766 $ 7,612
Earnings Per Common Share:    
Basic (in dollars per share) $ 0.36 $ 1.01
Diluted (in dollars per share) $ 0.36 $ 1.01
US States and Political Subdivisions Debt Securities [Member]    
Interest and dividends on investments securities    
Tax-exempt securities $ 270 $ 264
Taxable securities $ 64 $ 64