Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information [Abstract]

Quarterly Financial Information (Unaudited)

Supplementary Data (Unaudited)

Quarterly Financial Information

The following quarterly financial information for the years ended December 31, 2021, 2020 and 2019 is unaudited. However, in the opinion of management, all adjustments, which include normal recurring adjustments necessary to present fairly the results of operations for the periods, are reflected.

	2021
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	20,576	$	20,680	$	21,254	$	22,270
Total interest expense		2,558		2,231		1,531		1,421
Net interest income		18,018		18,449		19,723		20,849
Provision for loan losses		500		—		—		(319)
Net interest income after provision for loan losses		17,518		18,449		19,723		21,168
Total noninterest income		3,726		2,895		2,809		2,624
Total noninterest expense		9,802		10,460		9,860		10,660
Income before provision for income taxes		11,442		10,884		12,672		13,132
Provision for income taxes		2,946		2,466		3,213		3,386
Net income	$	8,496	$	8,418	$	9,459	$	9,746
Net income per common share - Basic	$	0.81	$	0.81	$	0.91	$	0.94
Net income per common share - Diluted		0.80		0.80		0.90		0.93

	2020
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	19,585	$	19,278	$	19,764	$	20,288
Total interest expense		4,341		3,753		3,437		2,949
Net interest income		15,244		15,525		16,327		17,339
Provision for loan losses		1,500		2,500		2,000		1,000
Net interest income after provision for loan losses		13,744		13,025		14,327		16,339
Total noninterest income		2,545		2,811		3,336		4,254
Total noninterest expense		9,323		9,177		10,037		10,725
Income before provision for income taxes		6,966		6,659		7,626		9,868
Provision for income taxes		1,598		1,488		1,866		2,523
Net income	$	5,368	$	5,171	$	5,760	$	7,345
Net income per common share - Basic	$	0.49	$	0.48	$	0.54	$	0.70
Net income per common share - Diluted		0.49		0.47		0.54		0.69

	2019
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	18,500	$	18,781	$	19,055	$	19,312
Total interest expense		4,284		4,571		4,651		4,549
Net interest income		14,216		14,210		14,404		14,763
Provision for loan losses		500		350		750		500
Net interest income after provision for loan losses		13,716		13,860		13,654		14,263
Total noninterest income		2,020		2,411		2,710		2,398
Total noninterest expense		8,476		8,791		8,729		8,721
Income before provision for income taxes		7,260		7,480		7,635		7,940
Provision for income taxes		1,520		1,646		1,676		1,820
Net income	$	5,740	$	5,834	$	5,959	$	6,120
Net income per common share - Basic	$	0.53	$	0.54	$	0.55	$	0.56
Net income per common share - Diluted		0.52		0.53		0.54		0.55