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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans $ 11,836 $ 6,589
Debt securities 170 178
Other 1,459 749
Total interest income 13,465 7,516
Interest expense:    
Deposits 5,077 2,432
Borrowings 637 25
Total interest expense 5,714 2,457
Net interest income 7,751 5,059
Credit loss expense 1,057 820
Net interest income after credit loss expense 6,694 4,239
Noninterest income:    
Service charges and fees 968 719
Other 271 10
Total noninterest income 1,239 729
Noninterest expenses:    
Salaries and employee benefits 2,849 1,966
Professional fees 195 197
Occupancy and equipment 205 189
Data processing 554 366
Regulatory assessment 123 209
Other 783 495
Total noninterest expenses 4,709 3,422
Net earnings before income taxes 3,224 1,546
Income taxes 847 393
Net earnings $ 2,377 $ 1,153
Net earnings per share - Basic $ 0.31 $ 0.16
Net earnings per share - Diluted $ 0.31 $ 0.16