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Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data

Quarterly Financial Data - UNAUDITED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended in 2022

 

 

 

Mar 31

 

 

June 30

 

 

Sep 30

 

 

Dec 31

 

Summary of Income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

21,899

 

 

$

23,911

 

 

$

25,847

 

 

$

29,492

 

Interest expense

 

 

2,116

 

 

 

2,047

 

 

 

3,264

 

 

 

6,935

 

Net Interest Income

 

 

19,783

 

 

 

21,864

 

 

 

22,583

 

 

 

22,557

 

Provision for loan loss

 

 

580

 

 

 

1,628

 

 

 

1,637

 

 

 

755

 

Net interest income after provision of loan loss

 

 

19,203

 

 

 

20,236

 

 

 

20,946

 

 

 

21,802

 

Other income (expense)

 

 

(9,150

)

 

 

(9,915

)

 

 

(9,739

)

 

 

(12,908

)

Net income before income taxes

 

 

10,053

 

 

 

10,321

 

 

 

11,207

 

 

 

8,894

 

Income taxes

 

 

1,951

 

 

 

2,050

 

 

 

2,253

 

 

 

1,706

 

Net income

 

$

8,102

 

 

$

8,271

 

 

$

8,954

 

 

$

7,188

 

Earnings per Common Share

 

$

0.62

 

 

$

0.63

 

 

$

0.68

 

 

$

0.53

 

Average common shares outstanding

 

 

12,955,107

 

 

 

12,957,126

 

 

 

12,983,307

 

 

 

13,606,876

 

 

 

 

 

Quarter Ended in 2021

 

 

 

Mar 31

 

 

June 30

 

 

Sep 30

 

 

Dec 31

 

Summary of Income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

16,765

 

 

$

17,530

 

 

$

20,122

 

 

$

22,423

 

Interest expense

 

 

1,728

 

 

 

1,554

 

 

 

1,672

 

 

 

2,388

 

Net Interest Income

 

 

15,037

 

 

 

15,976

 

 

 

18,450

 

 

 

20,035

 

Provision for loan loss

 

 

1,700

 

 

 

641

 

 

 

659

 

 

 

444

 

Net interest income after provision for loan loss

 

 

13,337

 

 

 

15,335

 

 

 

17,791

 

 

 

19,591

 

Other income (expense)

 

 

(7,368

)

 

 

(9,033

)

 

 

(10,247

)

 

 

(9,909

)

Net income before income taxes

 

 

5,969

 

 

 

6,302

 

 

 

7,544

 

 

 

9,682

 

Income taxes

 

 

1,060

 

 

 

1,319

 

 

 

1,624

 

 

 

1,999

 

Net income

 

$

4,909

 

 

$

4,983

 

 

$

5,920

 

 

$

7,683

 

Earnings per Common Share

 

$

0.44

 

 

$

0.44

 

 

$

0.53

 

 

$

0.59

 

Average common shares outstanding

 

 

11,197,012

 

 

 

11,191,043

 

 

 

11,209,732

 

 

 

13,046,299