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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 15,954 $ 12,538 $ 42,989 $ 35,944
Investment securities 2,201 1,858 7,040 5,670
Interest-bearing deposits in financial institutions 322 38 474 77
Total interest income 18,477 14,434 50,503 41,691
Interest expense:        
Interest-bearing checking 19 16 52 45
Savings and money market accounts 1,141 501 2,307 1,572
Time deposits 363 306 893 1,239
Federal Home Loan Bank advances 180 140 456 415
Total interest expense 1,703 963 3,708 3,271
Net interest income before provision for credit losses 16,774 13,471 46,795 38,420
Provision for credit losses 910   1,615 (160)
Net interest income after provision for credit losses 15,864 13,471 45,180 38,580
Non-interest income:        
Service fees 934 856 2,917 2,648
(Loss) gain on sale of securities available for sale, net (558) (70) (540) 179
Gain on sale of loans held for sale, net 330 532 686 1,519
Loan settlement   2,500 161 2,500
Other non-interest income 1,083 399 2,127 1,208
Total non-interest income 1,789 4,217 5,351 8,054
Non-interest expense:        
Salaries and employee benefits 6,075 5,313 17,863 15,804
Occupancy 1,281 1,192 3,802 3,990
Regulatory assessment and fees 269 317 708 690
Consulting and legal fees 604 357 1,519 915
Network and information technology services 488 358 1,323 1,198
Other operating expense 1,415 1,470 4,080 3,761
Total non -interest expense 10,132 9,007 29,295 26,358
Income before income tax expense 7,521 8,681 21,236 20,276
Income tax expense 1,963 2,088 5,529 4,849
Net income 5,558 6,593 15,707 15,427
Less: Preferred stock dividends   542   2,077
Less: Exchange and redemption of preferred shares   89,585   89,585
Net income (loss) available to common stockholders 5,558 (83,534) 15,707 (76,235)
Common Class A [Member]        
Non-interest expense:        
Net income (loss) available to common stockholders $ 5,558 $ (83,534) $ 15,707 $ (76,235)
Per share information:        
Net income (loss) per share, basic [1],[2] $ 0.28 $ (5.11) $ 0.79 $ (8.57)
Net income (loss) per share, diluted [1],[2] $ 0.28 $ (5.11) $ 0.78 $ (8.57)
Common Class B [Member]        
Non-interest expense:        
Net income (loss) available to common stockholders   $ (83,534)   $ (76,235)
Per share information:        
Net income (loss) per share, basic [2]   $ (1.02)   $ (1.71)
Net income (loss) per share, diluted [2]   $ (1.02)   $ (1.71)
[1] <div></div>
[2] <div>(1) For further details on the allocation of net income available to common stockholders and per share information, see Note ##eps "Earnings per Share".</div>