Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information (Unaudited)

Schedule of Quarterly Financial Information

	2022
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	21,119	$	23,071	$	26,224	$	30,325
Total interest expense		1,215		1,314		2,486		5,616
Net interest income		19,904		21,757		23,738		24,709
Provision for loan losses		(178)		1,188		1,517		1,632
Net interest income after provision for loan losses		20,082		20,569		22,221		23,077
Total noninterest income		2,239		2,750		1,110		1,946
Total noninterest expense		10,410		10,710		10,064		11,389
Income before provision for income taxes		11,911		12,609		13,267		13,634
Provision for income taxes		2,803		3,158		3,325		3,678
Net income	$	9,108	$	9,451	$	9,942	$	9,956
Net income per common share - Basic	$	0.87	$	0.90	$	0.94	$	0.95
Net income per common share - Diluted		0.85		0.88		0.93		0.93

	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