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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income:    
Interest and fees on loans $ 12,653 $ 10,311
Interest and fees on loans held for sale 41 305
Interest on investment securities 3,728 1,531
Other 1,365 168
Total interest income 17,787 12,315
Interest Expense:    
Interest on deposits 466 194
Interest on junior subordinated deferrable interest debentures 141 88
Other 31 18
Total interest expense 638 300
Net interest income before provision for credit losses 17,149 12,015
Provision for Credit Losses 1,525 300
Net interest income after provision for credit losses 15,624 11,715
Non-Interest Income:    
Gain on termination of swaps 1,707 0
Interchange revenue 718 762
Service charges 617 566
Gain on sale of loans 230 1,701
Other 653 621
Total non-interest income 3,925 3,650
Non-Interest Expenses:    
Salaries and employee benefits 5,067 4,082
Occupancy and equipment 1,340 1,137
Other 2,817 2,454
Total non-interest expenses 9,224 7,673
Income before provision for income taxes 10,325 7,692
Provision for Income Taxes 2,699 1,974
Net income $ 7,626 $ 5,718
Basic earnings per share (in dollars per share) $ 1.30 $ 0.98
Diluted earnings per share (in dollars per share) $ 1.28 $ 0.97