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Summary of Quarterly Consolidated Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2021
Quarterly Financial Data [Abstract]  
Quarterly Condensed Financials

The following table presents summarized quarterly financial data for 2021 and 2020.  Due to the methodology and rounding of quarterly earnings per share versus full-year earnings per share calculations, the quarterly measures may not equal the full-year measurement disclosed on the respective year’s income statement.

 

(Dollars in thousands, except per share data)

2021 Quarter Ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest Income

$

29,168

 

 

$

30,729

 

 

$

30,740

 

 

$

32,685

 

Interest Expense

 

3,843

 

 

 

3,852

 

 

 

3,746

 

 

 

3,313

 

Net Interest Income

 

25,325

 

 

 

26,877

 

 

 

26,994

 

 

 

29,372

 

Provision for Loan and Lease Losses

 

1,000

 

 

 

1,150

 

 

 

425

 

 

 

370

 

Net Interest Income After Provision for Loan Losses

 

24,325

 

 

 

25,727

 

 

 

26,569

 

 

 

29,002

 

Noninterest Income

 

4,712

 

 

 

5,652

 

 

 

5,509

 

 

 

5,660

 

Noninterest Expense

 

17,558

 

 

 

19,456

 

 

 

20,019

 

 

 

34,072

 

Income Before Provision for Income Taxes

 

11,479

 

 

 

11,923

 

 

 

12,059

 

 

 

590

 

Provision for Income Taxes

 

2,167

 

 

 

2,310

 

 

 

2,272

 

 

 

(17

)

Net Income

$

9,312

 

 

$

9,613

 

 

$

9,787

 

 

$

607

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

$

1.11

 

 

$

0.93

 

 

$

0.86

 

 

$

0.05

 

Diluted Earnings Per Common Share

$

1.10

 

 

$

0.93

 

 

$

0.86

 

 

$

0.05

 

Cash Dividends Declared

 

0.19

 

 

 

0.20

 

 

 

0.20

 

 

 

0.20

 

 

 

 

(Dollars in thousands, except per share data)

2020 Quarter Ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest Income

$

23,699

 

 

$

26,188

 

 

$

26,122

 

 

$

31,926

 

Interest Expense

 

6,034

 

 

 

4,842

 

 

 

4,714

 

 

 

4,137

 

Net Interest Income

 

17,665

 

 

 

21,346

 

 

 

21,408

 

 

 

27,789

 

Provision for Loan and Lease Losses

 

550

 

 

 

1,050

 

 

 

1,100

 

 

 

1,500

 

Net Interest Income After Provision

   for Loan Losses

 

17,115

 

 

 

20,296

 

 

 

20,308

 

 

 

26,289

 

Noninterest Income

 

2,934

 

 

 

3,622

 

 

 

5,302

 

 

 

6,050

 

Noninterest Expense

 

15,581

 

 

 

15,403

 

 

 

18,174

 

 

 

21,419

 

Income Before Provision for Income

   Taxes

 

4,468

 

 

 

8,515

 

 

 

7,436

 

 

 

10,920

 

Provision for Income Taxes

 

650

 

 

 

1,682

 

 

 

889

 

 

 

1,909

 

Net Income

$

3,818

 

 

$

6,833

 

 

$

6,547

 

 

$

9,011

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

$

0.45

 

 

$

0.81

 

 

$

0.78

 

 

$

1.07

 

Diluted Earnings Per Common Share

$

0.45

 

 

$

0.81

 

 

$

0.78

 

 

$

1.06

 

Cash Dividends Declared

 

0.23

 

 

 

0.18

 

 

 

0.18

 

 

 

0.23