Quarterly Financial Data (UNAUDITED) |
21.Quarterly Financial Data (UNAUDITED) The summary quarterly financial information set forth below for each of the last eight quarters has been derived from the Company's unaudited interim consolidated financial statements and other financial information. The summary historical quarterly financial information includes all adjustments consisting of normal recurring accruals that the Company considers necessary for a fair presentation of the financial position and the results of operations for the periods. The information below is only a summary and should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated historical financial statements and the related notes thereto included in this Annual Report on Form 10-K.
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For the Quarters Ended December 31, 2021 |
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(Dollars in thousands) |
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Q4 |
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Q3 |
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Q2 |
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Q1 |
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Selected income statement data: |
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Interest income |
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$ |
26,660 |
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$ |
24,399 |
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$ |
23,931 |
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$ |
25,625 |
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Interest expense |
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2,041 |
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2,397 |
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2,717 |
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2,907 |
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Net interest income |
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24,619 |
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22,002 |
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21,214 |
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22,718 |
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Provision for loan losses |
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6,100 |
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2,323 |
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- |
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1,500 |
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Net interest income after provision for loan losses |
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18,519 |
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19,679 |
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21,214 |
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21,218 |
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Noninterest income |
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2,055 |
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964 |
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1,109 |
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|
750 |
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Noninterest expense |
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20,087 |
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17,641 |
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17,779 |
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15,518 |
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Income before income tax expense |
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487 |
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3,002 |
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4,544 |
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6,450 |
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Income tax expense |
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133 |
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617 |
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|
955 |
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1,354 |
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Net income |
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$ |
354 |
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$ |
2,385 |
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$ |
3,589 |
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$ |
5,096 |
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For the Quarters Ended December 31, 2020 |
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(Dollars in thousands) |
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Q4 |
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Q3 |
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Q2 |
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Q1 |
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Selected income statement data: |
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Interest income |
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$ |
22,854 |
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$ |
19,242 |
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$ |
22,725 |
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$ |
17,420 |
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Interest expense |
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3,182 |
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3,544 |
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3,585 |
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4,049 |
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Net interest income |
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19,672 |
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15,698 |
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19,140 |
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13,371 |
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Provision for loan losses |
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5,000 |
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— |
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2,000 |
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550 |
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Net interest income after provision for loan losses |
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14,672 |
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15,698 |
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17,140 |
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12,821 |
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Noninterest income |
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579 |
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633 |
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685 |
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785 |
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Noninterest expense |
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11,768 |
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11,099 |
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14,659 |
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9,877 |
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Income before income tax expense |
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3,483 |
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5,232 |
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3,166 |
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3,729 |
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Income tax expense |
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948 |
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1,099 |
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665 |
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|
783 |
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Net income |
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$ |
2,535 |
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$ |
4,133 |
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$ |
2,501 |
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$ |
2,946 |
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