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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans $ 42,344,000 $ 30,400,000
Securities available-for-sale 3,672,000 4,068,000
FHLB and FRB dividends 408,000 322,000
Other interest income 87,000 53,000
Total interest and dividend income 46,511,000 34,843,000
INTEREST EXPENSE:    
Deposits 3,893,000 2,056,000
FHLB advances and other borrowings 2,387,000 1,614,000
Other long-term debt 1,446,000 1,432,000
Total interest expense 7,726,000 5,102,000
NET INTEREST INCOME 38,785,000 29,741,000
Loan loss provision 2,627,000 980,000
NET INTEREST INCOME AFTER LOAN LOSS PROVISION 36,158,000 28,761,000
NONINTEREST INCOME:    
Net gain on sale of loans 16,675,000 7,743,000
Appreciation in cash surrender value of life insurance 720,000 609,000
Net gain (loss) on sale of available-for-sale securities 69,000 (187,000)
Net gain on sale/disposal of premises and equipment 486,000 9,000
Other noninterest income 766,000 335,000
Total noninterest income 23,841,000 12,122,000
NONINTEREST EXPENSE:    
Salaries and employee benefits 27,633,000 20,899,000
Occupancy and equipment expense 4,422,000 3,355,000
Data processing 3,722,000 2,842,000
Advertising 1,028,000 1,158,000
Amortization 812,000 700,000
Loan costs 805,000 632,000
Federal Deposit Insurance Corporation ("FDIC") insurance premiums 81,000 246,000
Postage 289,000 248,000
Professional and examination fees 1,052,000 767,000
Acquisition costs 2,198,000 1,169,000
Other noninterest expense 3,989,000 2,971,000
Total noninterest expenses 46,031,000 34,987,000
INCOME BEFORE PROVISION FOR INCOME TAXES 13,968,000 5,896,000
Provision for income taxes 3,096,000 914,000
NET INCOME $ 10,872,000 $ 4,982,000
BASIC EARNINGS PER SHARE (in dollars per share) $ 1.69 $ 0.92
DILUTED EARNINGS PER SHARE (in dollars per share) $ 1.69 $ 0.91
Deposit Account [Member]    
NONINTEREST INCOME:    
Noninterest income revenue $ 1,219,000 $ 943,000
Bank Servicing [Member]    
NONINTEREST INCOME:    
Noninterest income revenue 2,321,000 1,092,000
Investment Advisory, Management and Administrative Service [Member]    
NONINTEREST INCOME:    
Noninterest income revenue 258,000 536,000
Debit Card [Member]    
NONINTEREST INCOME:    
Noninterest income revenue $ 1,327,000 $ 1,042,000