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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Loans, including fees $ 11,433 $ 10,585 $ 22,289 $ 21,249
Investment securities and other 218 192 417 503
Total interest income 11,651 10,777 22,706 21,752
Interest expense:        
Deposits 771 1,500 1,513 3,622
Other borrowings 194 496 465 886
Total interest expense 965 1,996 1,978 4,508
Net interest income 10,686 8,781 20,728 17,244
Provision for loan losses (41) 762 (214) 1,154
Net interest income after provision for loan losses 10,727 8,019 20,942 16,090
Non-interest income:        
Other loan fees 310 283 623 624
Gains from loan sales, net 130 97 248 287
Document processing fees 138 108 244 232
Service charges 74 62 141 196
Other 220 90 513 251
Total non-interest income 872 640 1,769 1,590
Non-interest expenses:        
Salaries and employee benefits 4,379 4,574 8,944 8,972
Occupancy, net 780 776 1,559 1,534
Professional services 430 559 770 942
Data processing 332 260 672 543
Depreciation 198 206 403 414
FDIC assessment 121 133 212 277
Advertising and marketing 164 265 347 418
Stock based compensation 58 95 126 180
Other 207 135 496 452
Total non-interest expenses 6,669 7,003 13,529 13,732
Income before provision for income taxes 4,930 1,656 9,182 3,948
Provision for income taxes 1,379 496 2,610 1,190
Net income $ 3,551 $ 1,160 $ 6,572 $ 2,758
Earnings per share:        
Basic (in dollars per share) $ 0.42 $ 0.14 $ 0.77 $ 0.33
Diluted (in dollars per share) $ 0.41 $ 0.14 $ 0.76 $ 0.32
Weighted average number of common shares outstanding:        
Basic (in shares) 8,549 8,472 8,522 8,472
Diluted (in shares) 8,717 8,498 8,661 8,541
Dividends declared per common share (in dollars per share) $ 0.070 $ 0.045 $ 0.130 $ 0.100