Summarized Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

Summary Of Selected Quarterly Financial Information

A summary of selected quarterly financial information (unaudited) is presented below (in thousands, except for per share data):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2022
Interest income	$	39,551	$	42,742	$	50,807	$	56,588
Taxable equivalent adjustment	323		321		326		336
Interest income (FTE)	39,874		43,063		51,133		56,924
Interest expense	1,635		1,452		2,025		4,543
Net interest income	38,239		41,611		49,108		52,381
(Recovery of) Provision for credit losses	(756)		—		730		500
Non-interest income	17,448		17,849		18,244		18,536
Non-interest expense	29,527		30,689		31,501		32,585
Income  before income tax expense	26,916		28,771		35,121		37,832
Income tax expense	5,251		5,767		7,421		6,824
Taxable equivalent adjustment	(323)		(321)		(326)		(336)
Net income available to common shareholders	$	21,342	$	22,683	$	27,374	$	30,672
Net earnings allocated to common  shareholders	$	21,142	$	22,480	$	27,119	$	30,378
Basic earnings  per common share	$	1.41	$	1.51	$	1.84	$	2.06
Diluted earnings per common share	1.41		1.51		1.83		2.05
Average common shares outstanding:
Basic	14,974		14,888		14,776		14,756
Diluted	15,002		14,909		14,800		14,785
2021
Interest income	$	40,937	$	40,499	$	41,558	$	42,473
Taxable equivalent adjustment	331		343		334		325
Interest income (FTE)	41,268		40,842		41,892		42,798
Interest expense	3,397		2,585		2,070		1,842
Net interest income	37,871		38,257		39,822		40,956
Recovery of credit losses	(440)		(2,000)		(725)		—
Non-interest income	16,630		17,448		17,947		17,616
Non-interest expense	29,809		29,574		29,178		28,624
Income  before income tax expense	25,132		28,131		29,316		29,948
Income tax expense	4,987		5,640		6,250		6,237
Taxable equivalent adjustment	(331)		(343)		(334)		(325)
Net income available to common shareholders	$	19,814	$	22,148	$	22,732	$	23,386
Net earnings allocated to common  shareholders	$	19,635	$	21,942	$	22,499	$	23,161
Basic earnings  per common share	$	1.25	$	1.41	$	1.47	$	1.54
Diluted earnings per common share	1.25		1.41		1.47		1.54
Average common shares outstanding:
Basic	15,656		15,573		15,279		15,026
Diluted	15,687		15,594		15,302		15,056