Note 23 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Quarterly Financial Information [Text Block]

Note 23. Quarterly Financial Data (Unaudited)

The following tables present selected financial data for the periods indicated:

	Year Ended December 31, 2021
	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
(Amounts in thousands, except share and per share data)
Interest income	$	27,151		$	26,538		$	25,789		$	25,832
Interest expense		869			724			643			600
Net interest income		26,282			25,814			25,146			25,232
Recovery of loan losses		(4,001	)		(2,230	)		(1,394	)		(846	)
Net interest income after provision		30,283			28,044			26,540			26,078
Noninterest income, excluding net loss on sale of securities		7,569			8,797			8,720			9,215
Noninterest expense		18,820			19,361			18,836			21,701
Income before income taxes		19,032			17,480			16,424			13,592
Income tax expense		4,430			4,077			3,816			3,037
Net income	$	14,602		$	13,403		$	12,608		$	10,555
Basic earnings per common share	$	0.83		$	0.77		$	0.73		$	0.62
Diluted earnings per common share		0.82			0.76			0.73			0.62
Dividends per common share		0.25			0.25			0.27			0.27
Weighted average basic shares outstanding		17,669,937			17,486,182			17,221,244			16,974,005
Weighted average diluted shares outstanding		17,729,185			17,536,144			17,279,576			17,038,980

	Year Ended December 31, 2020
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
(Amounts in thousands, except share and per share data)
Interest income	$	29,509	$	27,786	$	27,995	$	28,746
Interest expense		1,827		1,447		1,161		1,029
Net interest income		27,682		26,339		26,834		27,717
Provision for loan losses		3,500		3,831		4,703		634
Net interest income after provision		24,182		22,508		22,131		27,083
Noninterest income, excluding net loss on sale of securities		7,164		6,913		7,638		7,733
Net loss on sale of securities		385		—		—		—
Noninterest expense		21,664		18,913		19,171		19,877
Income before income taxes		10,067		10,508		10,598		14,939
Income tax expense		2,195		2,270		2,332		3,389
Net income	$	7,872	$	8,238	$	8,266	$	11,550
Basic earnings per common share	$	0.44	$	0.47	$	0.47	$	0.65
Diluted earnings per common share		0.44		0.46		0.47		0.65
Dividends per common share		0.25		0.25		0.25		0.25
Weighted average basic shares outstanding		17,998,994		17,701,853		17,710,283		17,717,356
Weighted average diluted shares outstanding		18,050,071		17,728,300		17,732,428		17,751,805