XML 66 R52.htm IDEA: XBRL DOCUMENT v3.22.0.1
Selected Condensed Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Summary of selected quarterly financial information

 

2021

For the quarters ended

(dollars in thousands, except share data)

March 31

June 30

September 30

December 31

Interest income

$

22,813

22,731

23,486

24,137

Interest expense

1,540

1,301

1,314

1,280

Net interest income

21,273

21,430

22,172

22,857

Provision for loan losses

(300

)

(1,900

)

(6,000

)

(4,200

)

Noninterest income

5,904

3,622

4,239

3,336

Noninterest expenses

14,162

13,495

14,039

14,734

Income before income tax expense

13,315

13,457

18,372

15,659

Income tax expense

2,949

3,134

4,355

3,654

Net income available to common shareholders

$

10,366

10,323

14,017

12,005

Earnings per common share

Basic

$

1.33

1.32

1.78

1.52

Diluted

$

1.31

1.29

1.75

1.49

Weighted average common shares outstanding

Basic

7,774,515

7,847,516

7,873,868

7,877,408

Diluted

7,908,537

7,987,615

8,001,028

8,056,977

 

2020

For the quarters ended

March 31

June 30

September 30

December 31

Interest income

$

23,866

23,991

23,415

23,547

Interest expense

5,768

4,217

2,778

2,244

Net interest income

18,098

19,774

20,637

21,303

Provision for loan losses

6,000

10,200

11,100

2,300

Noninterest income

3,916

9,207

7,584

6,644

Noninterest expenses

12,372

12,644

14,183

14,544

Income before income tax expense

3,642

6,137

2,938

11,103

Income tax expense

810

1,459

721

2,502

Net income available to common shareholders

$

2,832

4,678

2,217

8,601

Earnings per common share

Basic

$

0.37

0.61

0.29

1.11

Diluted

$

0.36

0.60

0.28

1.10

Weighted average common shares outstanding

Basic

7,678,598

7,722,419

7,732,293

7,740,755

Diluted

7,827,173

7,818,651

7,815,265

7,835,739