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Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 12,853 $ 10,982
Interest on investment securities 865 683
Interest on deposits in banks 452 238
Other 107 57
Total interest income 14,277 11,960
Interest expense:    
Interest on deposits 5,099 2,137
Interest on borrowings 138 389
Total interest expense 5,237 2,526
Net interest income 9,040 9,434
Provision for credit losses   269
Net interest income after provision for credit losses 9,040 9,165
Non-interest income:    
Revenue from Contract with Customer, Including Assessed Tax $ 299 $ 285
Revenue, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember
Lease income $ 257 $ 231
Other income, net 309 313
Total non-interest income 865 829
Non-interest expense:    
Salaries and employee benefits 4,088 4,222
Net occupancy and equipment 894 835
Computer services 443 421
Insurance expense and assessments 391 327
Fees for professional services 341 245
Other expense 990 1,220
Total non-interest expense 7,147 7,270
Income before income taxes 2,758 2,724
Provision for income taxes 651 652
Net income $ 2,107 $ 2,072
Basic net income per share $ 0.36 $ 0.35
Diluted net income per share 0.34 0.33
Dividends per share $ 0.05 $ 0.05