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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest income    
Loans $ 58,677 $ 51,401
Federal funds sold 587 685
Investment securities 2,029 933
Total interest income 61,293 53,019
Interest expense    
Deposits 4,418 6,341
Borrowings and subordinated debt 2,145 1,761
Total interest expense 6,563 8,102
Net interest income 54,730 44,917
Provision for loan losses 4 4,880
Net interest income after provision for loan losses 54,726 40,037
Non-interest income    
Service charges and other fees 3,222 2,949
Other 951 1,063
Total non-interest income 4,173 4,012
Non-interest expense    
Salaries and benefits 26,031 22,122
Premises and equipment 5,098 4,755
Professional fees 1,986 3,558
Data processing 1,934 2,366
Other 5,388 5,008
Total non-interest expense 40,437 37,809
Income (loss) before provision for income taxes 18,462 6,240
Provision for income taxes 5,094 1,937
Net income $ 13,368 $ 4,303
Earnings per common share    
Basic $ 1.63 $ 0.53
Diluted $ 1.61 $ 0.53
Average common shares outstanding 8,222,749 8,131,325
Average common and equivalent shares outstanding 8,292,942 8,169,082