XML 68 R52.htm IDEA: XBRL DOCUMENT

Note 23 - Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2022

	*Year Ended December 31, 2022*
	*First*		*Second*		*Third*		*Fourth*
	*Quarter*		*Quarter*		*Quarter*		*Quarter*
(Amounts in thousands, except share and per share data)
Interest income	$	25,639	$	27,970	$	29,722	$	30,988
Interest expense		486		423		380		367
Net interest income		25,153		27,547		29,342		30,621
Provision for credit losses		1,961		510		685		3,416
Net interest income after provision		23,192		27,037		28,657		27,205
Noninterest income, excluding net loss on sale of securities		9,194		8,854		9,950		9,184
Noninterest expense		19,986		21,255		21,145		20,730
Income before income taxes		12,400		14,636		17,462		15,659
Income tax expense		2,885		3,423		4,111		3,076
Net income	$	9,515	$	11,213	$	13,351	$	12,583

Basic earnings per common share	$	0.57	$	0.67	$	0.82	$	0.78
Diluted earnings per common share		0.56		0.67		0.81		0.77
Dividends per common share		0.27		0.27		0.29		0.29

Weighted average basic shares outstanding		16,817,284		16,662,817		16,378,022		16,229,289
Weighted average diluted shares outstanding		16,864,515		16,682,615		16,413,202		16,281,922

	*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 credit 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