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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest income    
Loans $ 74,240 $ 58,677
Federal funds sold 3,519 587
Investment securities 4,519 2,029
Total interest income 82,278 61,293
Interest expense    
Deposits 7,810 4,418
Borrowings and subordinated debt 3,496 2,145
Total interest expense 11,306 6,563
Net interest income 70,972 54,730
Provision for loan losses 3,775 4
Net interest income after provision for loan losses 67,197 54,726
Non-interest income    
Service charges and other fees 4,913 3,222
Gain on the sale of loans 1,393 0
Other 1,068 951
Total non-interest income 7,374 4,173
Non-interest expense    
Salaries and benefits 29,097 26,031
Premises and equipment 5,093 5,098
Professional fees 2,179 1,986
Data processing 2,647 1,934
Other 5,649 5,388
Total non-interest expense 44,665 40,437
Income (loss) before provision for income taxes 29,906 18,462
Provision for income taxes 8,798 5,094
Net income $ 21,108 $ 13,368
Earnings per common share    
Basic $ 2.54 $ 1.63
Diluted $ 2.51 $ 1.61
Average common shares outstanding 8,306,282 8,222,749
Average common and equivalent shares outstanding 8,404,317 8,292,942