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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans $ 8,201 $ 6,762
Investment securities 932 727
Federal funds sold 202 94
Total interest income 9,335 7,583
Interest expense    
Deposits 2,096 624
Borrowed funds 843 594
Total interest expense 2,939 1,218
Net interest income 6,396 6,365
Provision for credit losses, after ASU 2016-13 150  
Net interest income after provision for credit losses 6,246 6,365
Noninterest income    
Service charges and fees 641 669
Mortgage banking income, net 850 478
Other 113 109
Total noninterest income (loss) 1,604 1,256
Noninterest expense    
Salaries and benefits 3,464 3,448
Occupancy 332 311
Equipment 278 285
Supplies 49 49
Data processing 439 440
Professional and outside services 418 372
Advertising and marketing 83 111
FDIC insurance premium 92 50
Other operating expense 474 690
Total noninterest expense 5,629 5,756
Income before income tax expense 2,221 1,865
Income tax expense 449 325
Net income $ 1,772 $ 1,540
Earnings (loss) per share, basic $ 1.19 $ 1.04
Earnings (loss) per share, diluted $ 1.19 $ 1.04