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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans, including fees $ 146,425 $ 98,886 $ 80,791
Investment securities available-for-sale 3,925 1,043 297
Federal funds sold and other 3,596 686 1,153
Total interest income 153,946 100,615 82,241
Interest expense:      
Deposit accounts 30,696 8,526 12,302
FHLB advances and notes payable 6,796 1,536 2,058
Total interest expense 37,492 10,062 14,360
Net interest income 116,454 90,553 67,881
Provision for loan losses 12,200 9,923 7,550
Net interest income after provision for loan losses 104,254 80,630 60,331
Noninterest income:      
Services charges and fees 2,714 2,367 1,709
Gain on sales of SBA loans 950 586 266
Earnings on bank-owned life insurance 1,312 567 354
Derivative fees 1,259 820  
Other 988 538 353
Total noninterest income 7,223 4,878 2,682
Noninterest expense:      
Salaries and employee benefits 56,510 48,642 29,262
Data processing and network expense 3,947 3,060 3,184
Occupancy and equipment expense 8,526 5,367 4,127
Legal and professional 6,987 5,293 3,962
Loan operations and other real estate owned expense 988 1,963 1,369
Advertising and marketing 1,912 1,889 1,326
Telephone and communications 496 595 605
Software purchases and maintenance 1,012 852 420
Regulatory assessments 3,464 1,101 1,303
Loss on sale of other real estate owned 350 344  
Other 4,117 1,919 1,845
Total noninterest expense 88,309 71,025 47,403
Net income before income tax expense 23,168 14,483 15,610
Income tax expense 4,509 3,059 3,495
Net income 18,659 11,424 12,115
Preferred stock dividends declared (1,418)    
Net income available to common shareholders $ 17,241 $ 11,424 $ 12,115
Earnings per common share:      
Basic earnings per share $ 1.28 $ 1.45 $ 1.94
Diluted earnings per share $ 1.25 $ 1.40 $ 1.91