XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 28,083 $ 24,545
Interest and dividends on investments 249 210
Interest on deposits with banks 1,145 1,269
Total interest income 29,477 26,024
Interest expense:    
Interest on deposits 13,457 7,582
Interest on borrowings 1,966 1,293
Total interest expense 15,423 8,875
Net interest income 14,054 17,149
Provision for (recovery of) credit losses 204 (2,400)
Net interest income after provision for (recovery of) credit losses 13,850 19,549
Non-interest income    
Service fees on deposit accounts 379 1,215
Other loan fees 238 178
Bank owned life insurance income 160 143
Other 285 246
Total non-interest income 1,062 1,782
Non-interest expense    
Compensation and benefits 3,218 3,641
Professional services 445 593
Occupancy and equipment 641 644
Data processing 366 301
FDIC insurance and other assessments 331 225
OREO expense 353 172
Other operating expense 1,181 1,185
Total non-interest expense 6,535 6,761
Income before income tax expense 8,377 14,570
Income tax expense 2,226 3,440
Net income attributable to Company 6,151 11,130
Less: Preferred stock dividend (6) (7)
Net income available to common shareholders $ 6,145 $ 11,123
Earnings per common share    
Basic (in dollars per share) $ 0.51 $ 0.93
Diluted (in dollars per share) $ 0.51 $ 0.92
Weighted average common shares outstanding    
Basic (in shares) 11,958,776 11,944,163
Diluted (in shares) 12,138,613 12,160,793