Selected Condensed Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

Selected Condensed Quarterly Financial Data (Unaudited)

NOTE 25 – Selected Condensed Quarterly Financial Data (Unaudited)

	2022
	For the quarters ended
(dollars in thousands, except share data)	March 31		June 30		September 30		December 31
Interest income	$	24,464		27,238		30,934		35,026
Interest expense		1,300		2,354		5,480		10,907
Net interest income		23,164		24,884		25,454		24,119
Provision for credit losses		1,105		1,775		950		2,325
Noninterest income		2,927		2,265		2,680		1,707
Noninterest expenses		14,685		15,788		16,046		16,413
Income before income tax expense		10,301		9,586		11,138		7,088
Income tax expense		2,331		2,346		2,725		1,596
Net income available to common shareholders	$	7,970		7,240		8,413		5,492
Earnings per common share
Basic	$	1.00		0.91		1.06		0.69
Diluted	$	0.98		0.90		1.04		0.68
Weighted average common shares outstanding
Basic		7,932		7,958		7,972		7,971
Diluted		8,096		8,055		8,065		8,072

	2021
	For the quarters ended
	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 credit 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		7,775			7,848			7,874			7,877
Diluted		7,909			7,988			8,001			8,057