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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Interest and fees on loans $ 17,257 $ 13,284
Interest on available-for-sale debt securities 530 236
Other interest income 157 112
Total interest income 17,944 13,632
Interest expense    
Interest on deposits 654 877
Total interest expense 654 877
Net interest income 17,290 12,755
Provision for loan losses 341 620
Net interest income after provision for loan losses 16,949 12,135
NONINTEREST INCOME    
Service charges on deposits 388 355
Loan servicing fees, net of amortization 447 531
Gain on sale of loans 3,238 1,882
Other income 143 198
Total noninterest income 4,216 2,966
NONINTEREST EXPENSE    
Salaries and employee benefits 5,657 4,662
Occupancy and equipment 1,378 1,235
Data processing and communication 493 448
Professional fees 324 314
FDIC insurance and regulatory assessments 207 132
Promotion and advertising 189 177
Directors’ fees 177 116
Foundation donation and other contributions 815 507
Other expenses 422 375
Total noninterest expense 9,662 7,966
INCOME BEFORE INCOME TAX EXPENSE 11,503 7,135
Income tax expense 3,351 2,058
NET INCOME $ 8,152 $ 5,077
EARNINGS PER SHARE - BASIC (in dollars per share) $ 0.53 $ 0.33
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 0.53 $ 0.33