| Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
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Interest and fees on loans | 70 | 97 | 135 | 134 | 142 | 171 |
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Interest on interest-earning deposits | 1 | 1 | 2 | 1 | 1 | 1 |
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Interest on investment securities | 1 | 2 | 3 | 3 | 3 | 6 |
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Dividend income on FHLB stock | - | - | - | 1 | 1 | 1 |
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Interest on federal funds sold and other | 1 | 1 | 1 | 1 | 1 | 1 |
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Total interest income | 74 | 102 | 142 | 139 | 147 | 181 |
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Interest on savings deposits, now and money market accounts | 2 | 4 | 5 | 4 | 3 | 6 |
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Interest on time deposits | 8 | 13 | 29 | 22 | 9 | 13 |
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Interest on subordinated debentures and long-term debt | - | - | 8 | 8 | 9 | 10 |
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Interest on other borrowed funds | - | - | 3 | - | - | 3 |
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Total interest expense | 14 | 24 | 45 | 34 | 23 | 31 |
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Net interest income | 60 | 78 | 97 | 105 | 124 | 150 |
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Provision for credit losses | -1 | 4 | 2 | 12 | 4 | 5 |
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Net interest income after provision for credit losses | 61 | 74 | 94 | 93 | 120 | 145 |
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Service charges, fees and other | - | 3 | 4 | 5 | 7 | 5 |
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Gain on sale of loans | 9 | 7 | 10 | 6 | 10 | 2 |
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Loan servicing fees, net of amortization | - | 850,000 | 3 | 2 | 1 | 2 |
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Recoveries on loans acquired in business combinations | 0 | 1 | 0 | 0 | 0 | 0 |
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Unrealized loss on equity investments | - | - | 0 | - | -0 | - |
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(Loss)/gain on derivatives | - | - | - | 0 | 0 | -0 |
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Increase in cash surrender value of life insurance | 1 | 1 | 1 | 1 | 1 | 1 |
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Gain on sale of securities | - | - | 7,000 | 0 | - | - |
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Gain on sale of fixed assets | - | - | 0 | - | - | 1 |
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Noninterest Income, Total | 13 | 13 | 18 | 14 | - | 11 |
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Salaries and employee benefits | 17 | 23 | 33 | 33 | 34 | 35 |
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Occupancy and equipment expenses | 3 | 5 | 10 | 10 | 9 | 9 |
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Data processing | 2 | 2 | 4 | 4 | 4 | 5 |
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Legal and professional | 0 | 2 | 2 | 3 | 4 | 5 |
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Office expenses | 1 | 1 | 1 | 1 | 1 | 1 |
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Marketing and business promotion | 1 | 1 | 1 | 1 | 1 | 2 |
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Insurance and regulatory assessments | - | 1 | 1 | 1 | 2 | 2 |
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Core deposit premium | - | - | 2 | 1 | 1 | 1 |
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Merger expenses | - | 2 | 0 | 1 | 0 | 0 |
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Other expenses | 3 | 4 | 4 | 4 | 2 | 3 |
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Noninterest Expense, Total | 28 | 41 | 57 | 60 | - | 65 |
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Income before income taxes | 47 | 46 | 55 | 47 | 81 | 91 |
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Income tax expense | 21 | 10 | 16 | 15 | 24 | 27 |
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Net income | - | 36 | 39 | 33 | 57 | 64 |
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Basic (in dollars per share) | 1.81 | 2.11 | 1.96 | 1.66 | 2.92 | 3.37 |
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Diluted (in dollars per share) | 1.68 | 2.01 | 1.92 | 1.65 | 2.86 | 3.33 |
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