In millions, except per share items | Jun-30-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 8-K | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Interest Income | | | | | | | | |
Loans, including fees | 36.5 | | | 27.3 | 22.7 | 24.2 | 27.0 | 24.5 |
|
Investment securities: | | | | | | | | |
Taxable interest | 2.9 | | | 2.2 | 1.5 | 1.2 | 1.1 | 1.0 |
Tax-exempt interest | 0.1 | | | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Other investments and deposits | 0.6 | | | 0.9 | 0.3 | 0.3 | 0.2 | 0.1 |
Total interest income | 40.1 | 36.6 | 34.3 | 30.5 | 24.6 | 25.8 | 28.4 | 25.8 |
|
Interest Expense | | | | | | | | |
Deposits | 5.5 | | | 1.1 | 0.9 | 1.0 | 1.1 | 1.5 |
Other borrowings | 0.1 | | | 0.1 | | | | |
Subordinated debt expense | 0.9 | | | | | | | |
Short-term Federal Home Loan Bank advances | 3.0 | | | | | | | |
Long-term Federal Home Loan Bank advances | 0.3 | | | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Total interest expense | 9.8 | 3.3 | 2.3 | 1.3 | 1.1 | 1.1 | 1.3 | 1.7 |
Net interest income | 30.3 | 33.3 | 32.0 | 29.2 | 23.5 | 24.7 | 27.1 | 24.1 |
Provision for loan losses | 0.5 | | | 0.6 | | | | |
Net interest income after provision for loan losses | 29.8 | 31.3 | 30.3 | 28.7 | 20.3 | 27.3 | 29.5 | 27.5 |
|
Noninterest Income | | | | | | | | |
Fees and charges | | | | | | | | |
Gain on sale of loans, net | 0.0 | | | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 |
Income from bank-owned life insurance | 0.3 | | | 0.2 | 0.2 | 0.2 | 1.9 | 0.2 |
Loss on sale of assets, net | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | -0.5 |
Other income | 0.2 | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 |
Total noninterest income | 3.4 | 0.3 | 0.2 | 3.7 | 3.4 | 3.5 | 5.4 | 3.3 |
|
Noninterest Expense | | | | | | | | |
Compensation and benefits | 12.6 | | | 12.6 | 10.2 | 10.0 | 9.8 | 9.7 |
Occupancy | 2.4 | | | 2.4 | 1.8 | 1.8 | 1.7 | 1.7 |
Marketing and advertising | 0.4 | 0.6 | 0.7 | 0.6 | 0.4 | 1.0 | 0.4 | 0.3 |
Data processing and communication | 2.1 | | | 2.5 | 2.2 | 2.2 | 2.1 | 2.2 |
Professional services | 0.5 | | | 0.5 | 0.5 | 0.5 | 0.2 | 0.2 |
Forms, printing and supplies | 0.2 | | | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 |
Franchise and shares tax | 0.5 | | | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
Regulatory fees | 0.4 | 0.5 | 0.5 | 0.7 | 0.4 | 0.3 | 0.3 | 0.3 |
Foreclosed assets and ORE, net | 0.1 | | | 0.0 | | | | |
Amortization of acquisition intangible | 0.4 | | | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 |
Provision for credit losses on unfunded commitments | 0.2 | | | | 0.3 | 0.0 | | 0.4 |
Other expenses | 1.1 | | | 1.4 | 1.2 | 1.1 | 1.0 | 0.9 |
Total noninterest expense | 21.0 | 21.2 | 20.7 | 21.8 | 18.2 | 18.0 | 16.4 | 16.6 |
Income before income tax expense | 12.3 | | | 10.6 | 5.4 | 12.8 | 18.5 | 14.3 |
Income tax expense | 2.5 | 2.7 | 2.6 | 2.1 | 1.0 | 2.6 | 3.4 | 2.9 |
Net Income | 9.8 | 10.8 | 10.4 | 8.5 | 4.4 | 10.2 | 15.1 | 11.4 |
|
Earnings per share: | | | | | | | | |
Basic (in usd per share) | $1.22 | $1.33 | $1.29 | $1.04 | $0.53 | $1.24 | $1.80 | $1.35 |
Diluted (in usd per share) | $1.21 | $1.32 | $1.28 | $1.03 | $0.53 | $1.23 | $1.79 | $1.34 |
|
Cash dividends declared per common share (in usd per share) | $0.25 | $240.00 | $230.00 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 |