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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans $ 14,584 $ 11,783
Federal funds sold 88 329
Investment securities 360 191
Total interest income 15,032 12,303
Interest expense    
Deposits 1,191 1,994
Borrowings and subordinated debt 505 127
Total interest expense 1,696 2,121
Net interest income 13,336 10,182
Provision for loan losses 300 400
Net interest income after provision for loan losses 13,036 9,782
Non-interest income    
Service charges and other fees 641 970
Other 280 320
Total non-interest income 921 1,290
Non-interest expense    
Salaries and benefits 6,367 6,477
Premises and equipment 1,197 1,139
Professional fees 589 955
Data processing 580 526
Other 1,347 1,310
Total non-interest expense 10,080 10,407
Income before provision for income taxes 3,877 665
Provision for income taxes 1,068 192
Net income $ 2,809 $ 473
Earnings per common share    
Basic $ 0.34 $ 0.06
Diluted $ 0.34 $ 0.06
Average common shares outstanding 8,179,667 8,103,248
Average common and equivalent shares outstanding 8,242,467 8,169,898