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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans, including fees $ 25,335 $ 14,766
Taxable securities 1,383 619
Nontaxable securities 291 299
Other interest and dividends 1,690 188
Total interest income 28,699 15,872
Interest expense:    
Deposits 7,768 873
Other borrowings 1,385 345
Total interest expense 9,153 1,218
Net interest income 19,546 14,654
Provision for credit losses 1,181 700
Net interest income after provision for credit losses 18,365 13,954
Noninterest income:    
Service charges on deposit accounts $ 450 $ 445
Revenue, Product and Service [Extensible Enumeration] Deposit Account [Member] Deposit Account [Member]
Swap (expense) fees $ (4) $ 15
SBA/USDA fees 134 388
Mortgage origination fees 100 286
Net gain (loss) on securities 514 (361)
Other operating income 592 560
Total noninterest income 1,786 1,333
Noninterest expenses:    
Salaries and employee benefits 6,311 5,725
Equipment and occupancy expenses 683 705
Data processing fees 593 564
Regulatory assessments 342 263
Other operating expenses 2,229 2,033
Total noninterest expenses 10,158 9,290
Income before income taxes 9,993 5,997
Income tax expense 2,322 1,440
Net Income $ 7,671 $ 4,557
Basic earnings per share (in dollars per share) $ 0.87 $ 0.51
Dilutive earnings per share (in dollars per share) $ 0.85 $ 0.50