Schedule of Unaudited Quarterly Financial Data |
The following
provides quarterly financial data for 2022, 2021 and 2020 (dollars in thousands, except per share amounts).
Schedule
of Unaudited Quarterly Financial Data
2022 | |
Total | | |
Fourth
Quarter | | |
Third
Quarter | | |
Second
Quarter | | |
First
Quarter | |
Interest
income | |
$ | 51,117 | | |
$ | 15,057 | | |
$ | 13,352 | | |
$ | 11,513 | | |
$ | 11,195 | |
Interest
expense | |
| 3,174 | | |
| 1,692 | | |
| 558 | | |
| 462 | | |
| 462 | |
Net
interest income | |
| 47,943 | | |
| 13,365 | | |
| 12,794 | | |
| 11,051 | | |
| 10,733 | |
Provision
for (release of) loan losses | |
| (152 | ) | |
| 25 | | |
| 18 | | |
| (70 | ) | |
| (125 | ) |
Net
interest income after provision | |
| 48,095 | | |
| 13,340 | | |
| 12,776 | | |
| 11,121 | | |
| 10,858 | |
Noninterest
income | |
| 11,569 | | |
| 2,513 | | |
| 2,673 | | |
| 3,009 | | |
| 3,374 | |
Noninterest
expense | |
| 41,253 | | |
| 10,694 | | |
| 10,417 | | |
| 10,188 | | |
| 9,954 | |
Income
before income taxes | |
| 18,411 | | |
| 5,159 | | |
| 5,032 | | |
| 3,942 | | |
| 4,278 | |
Taxes | |
| 3,798 | | |
| 1,116 | | |
| 1,081 | | |
| 812 | | |
| 789 | |
Net
income | |
$ | 14,613 | | |
| 4,043 | | |
| 3,951 | | |
| 3,130 | | |
| 3,489 | |
Net
income available to common shareholders | |
$ | 14,613 | | |
| 4,043 | | |
| 3,951 | | |
| 3,130 | | |
| 3,489 | |
Net
income per share, basic | |
$ | 1.94 | | |
$ | 0.54 | | |
$ | 0.52 | | |
$ | 0.42 | | |
$ | 0.46 | |
Net
income per share, diluted | |
$ | 1.92 | | |
$ | 0.53 | | |
$ | 0.52 | | |
$ | 0.41 | | |
$ | 0.46 | |
2021 | |
Total | | |
Fourth
Quarter | | |
Third
Quarter | | |
Second
Quarter | | |
First
Quarter | |
Interest
income | |
$ | 47,520 | | |
$ | 11,656 | | |
$ | 12,982 | | |
$ | 11,664 | | |
$ | 11,218 | |
Interest
expense | |
| 2,241 | | |
| 492 | | |
| 526 | | |
| 572 | | |
| 651 | |
Net
interest income | |
| 45,279 | | |
| 11,164 | | |
| 12,456 | | |
| 11,092 | | |
| 10,567 | |
Provision
for (release of) loan losses | |
| 335 | | |
| (59 | ) | |
| 49 | | |
| 168 | | |
| 177 | |
Net
interest income after provision | |
| 44,944 | | |
| 11,223 | | |
| 12,407 | | |
| 10,924 | | |
| 10,390 | |
Noninterest
income | |
| 13,904 | | |
| 3,626 | | |
| 3,564 | | |
| 3,418 | | |
| 3,296 | |
Noninterest
expense | |
| 39,201 | | |
| 9,878 | | |
| 9,905 | | |
| 9,878 | | |
| 9,540 | |
Income
before income taxes | |
| 19,647 | | |
| 4,971 | | |
| 6,066 | | |
| 4,464 | | |
| 4,146 | |
Taxes | |
| 4,182 | | |
| 1,052 | | |
| 1,318 | | |
| 921 | | |
| 891 | |
Net
income | |
$ | 15,465 | | |
| 3,919 | | |
| 4,748 | | |
| 3,543 | | |
| 3,255 | |
Net
income available to common shareholders | |
$ | 15,465 | | |
| 3,919 | | |
| 4,748 | | |
| 3,543 | | |
| 3,255 | |
Net
income per share, basic | |
$ | 2.06 | | |
$ | 0.52 | | |
$ | 0.63 | | |
$ | 0.47 | | |
$ | 0.44 | |
Net
income per share, diluted | |
$ | 2.05 | | |
$ | 0.52 | | |
$ | 0.63 | | |
$ | 0.47 | | |
$ | 0.43 | |
2020 | |
Total | | |
Fourth
Quarter | | |
Third
Quarter | | |
Second
Quarter | | |
First
Quarter | |
Interest
income | |
$ | 43,778 | | |
$ | 11,426 | | |
$ | 10,976 | | |
$ | 10,666 | | |
$ | 10,710 | |
Interest
expense | |
| 3,755 | | |
| 739 | | |
| 800 | | |
| 923 | | |
| 1,293 | |
Net
interest income | |
| 40,023 | | |
| 10,687 | | |
| 10,176 | | |
| 9,743 | | |
| 9,417 | |
Provision
for loan losses | |
| 3,663 | | |
| 276 | | |
| 1,062 | | |
| 1,250 | | |
| 1,075 | |
Net
interest income after provision | |
| 36,360 | | |
| 10,411 | | |
| 9,114 | | |
| 8,493 | | |
| 8,342 | |
Noninterest
income | |
| 13,769 | | |
| 3,604 | | |
| 3,850 | | |
| 3,387 | | |
| 2,928 | |
Noninterest
expense | |
| 37,534 | | |
| 9,651 | | |
| 9,714 | | |
| 9,131 | | |
| 9,038 | |
Income
before income taxes | |
| 12,595 | | |
| 4,364 | | |
| 3,250 | | |
| 2,749 | | |
| 2,232 | |
Taxes | |
| 2,496 | | |
| 928 | | |
| 598 | | |
| 532 | | |
| 438 | |
Net
income | |
$ | 10,099 | | |
| 3,436 | | |
| 2,652 | | |
| 2,217 | | |
| 1,794 | |
Net
income available to common shareholders | |
$ | 10,099 | | |
| 3,436 | | |
| 2,652 | | |
| 2,217 | | |
| 1,794 | |
Net
income per share, basic | |
$ | 1.36 | | |
$ | 0.46 | | |
$ | 0.36 | | |
$ | 0.30 | | |
$ | 0.24 | |
Net
income per share, diluted | |
$ | 1.35 | | |
$ | 0.46 | | |
$ | 0.35 | | |
$ | 0.30 | | |
$ | 0.24 | |
|
[custom:DisclosureQuarterlyFinancialDataUnauditedDetailsAbstract] |
2022 | |
Total | | |
Fourth
Quarter | | |
Third
Quarter | | |
Second
Quarter | | |
First
Quarter | |
Interest
income | |
$ | 51,117 | | |
$ | 15,057 | | |
$ | 13,352 | | |
$ | 11,513 | | |
$ | 11,195 | |
Interest
expense | |
| 3,174 | | |
| 1,692 | | |
| 558 | | |
| 462 | | |
| 462 | |
Net
interest income | |
| 47,943 | | |
| 13,365 | | |
| 12,794 | | |
| 11,051 | | |
| 10,733 | |
Provision
for (release of) loan losses | |
| (152 | ) | |
| 25 | | |
| 18 | | |
| (70 | ) | |
| (125 | ) |
Net
interest income after provision | |
| 48,095 | | |
| 13,340 | | |
| 12,776 | | |
| 11,121 | | |
| 10,858 | |
Noninterest
income | |
| 11,569 | | |
| 2,513 | | |
| 2,673 | | |
| 3,009 | | |
| 3,374 | |
Noninterest
expense | |
| 41,253 | | |
| 10,694 | | |
| 10,417 | | |
| 10,188 | | |
| 9,954 | |
Income
before income taxes | |
| 18,411 | | |
| 5,159 | | |
| 5,032 | | |
| 3,942 | | |
| 4,278 | |
Taxes | |
| 3,798 | | |
| 1,116 | | |
| 1,081 | | |
| 812 | | |
| 789 | |
Net
income | |
$ | 14,613 | | |
| 4,043 | | |
| 3,951 | | |
| 3,130 | | |
| 3,489 | |
Net
income available to common shareholders | |
$ | 14,613 | | |
| 4,043 | | |
| 3,951 | | |
| 3,130 | | |
| 3,489 | |
Net
income per share, basic | |
$ | 1.94 | | |
$ | 0.54 | | |
$ | 0.52 | | |
$ | 0.42 | | |
$ | 0.46 | |
Net
income per share, diluted | |
$ | 1.92 | | |
$ | 0.53 | | |
$ | 0.52 | | |
$ | 0.41 | | |
$ | 0.46 | |
2021 | |
Total | | |
Fourth
Quarter | | |
Third
Quarter | | |
Second
Quarter | | |
First
Quarter | |
Interest
income | |
$ | 47,520 | | |
$ | 11,656 | | |
$ | 12,982 | | |
$ | 11,664 | | |
$ | 11,218 | |
Interest
expense | |
| 2,241 | | |
| 492 | | |
| 526 | | |
| 572 | | |
| 651 | |
Net
interest income | |
| 45,279 | | |
| 11,164 | | |
| 12,456 | | |
| 11,092 | | |
| 10,567 | |
Provision
for (release of) loan losses | |
| 335 | | |
| (59 | ) | |
| 49 | | |
| 168 | | |
| 177 | |
Net
interest income after provision | |
| 44,944 | | |
| 11,223 | | |
| 12,407 | | |
| 10,924 | | |
| 10,390 | |
Noninterest
income | |
| 13,904 | | |
| 3,626 | | |
| 3,564 | | |
| 3,418 | | |
| 3,296 | |
Noninterest
expense | |
| 39,201 | | |
| 9,878 | | |
| 9,905 | | |
| 9,878 | | |
| 9,540 | |
Income
before income taxes | |
| 19,647 | | |
| 4,971 | | |
| 6,066 | | |
| 4,464 | | |
| 4,146 | |
Taxes | |
| 4,182 | | |
| 1,052 | | |
| 1,318 | | |
| 921 | | |
| 891 | |
Net
income | |
$ | 15,465 | | |
| 3,919 | | |
| 4,748 | | |
| 3,543 | | |
| 3,255 | |
Net
income available to common shareholders | |
$ | 15,465 | | |
| 3,919 | | |
| 4,748 | | |
| 3,543 | | |
| 3,255 | |
Net
income per share, basic | |
$ | 2.06 | | |
$ | 0.52 | | |
$ | 0.63 | | |
$ | 0.47 | | |
$ | 0.44 | |
Net
income per share, diluted | |
$ | 2.05 | | |
$ | 0.52 | | |
$ | 0.63 | | |
$ | 0.47 | | |
$ | 0.43 | |
2020 | |
Total | | |
Fourth
Quarter | | |
Third
Quarter | | |
Second
Quarter | | |
First
Quarter | |
Interest
income | |
$ | 43,778 | | |
$ | 11,426 | | |
$ | 10,976 | | |
$ | 10,666 | | |
$ | 10,710 | |
Interest
expense | |
| 3,755 | | |
| 739 | | |
| 800 | | |
| 923 | | |
| 1,293 | |
Net
interest income | |
| 40,023 | | |
| 10,687 | | |
| 10,176 | | |
| 9,743 | | |
| 9,417 | |
Provision
for loan losses | |
| 3,663 | | |
| 276 | | |
| 1,062 | | |
| 1,250 | | |
| 1,075 | |
Net
interest income after provision | |
| 36,360 | | |
| 10,411 | | |
| 9,114 | | |
| 8,493 | | |
| 8,342 | |
Noninterest
income | |
| 13,769 | | |
| 3,604 | | |
| 3,850 | | |
| 3,387 | | |
| 2,928 | |
Noninterest
expense | |
| 37,534 | | |
| 9,651 | | |
| 9,714 | | |
| 9,131 | | |
| 9,038 | |
Income
before income taxes | |
| 12,595 | | |
| 4,364 | | |
| 3,250 | | |
| 2,749 | | |
| 2,232 | |
Taxes | |
| 2,496 | | |
| 928 | | |
| 598 | | |
| 532 | | |
| 438 | |
Net
income | |
$ | 10,099 | | |
| 3,436 | | |
| 2,652 | | |
| 2,217 | | |
| 1,794 | |
Net
income available to common shareholders | |
$ | 10,099 | | |
| 3,436 | | |
| 2,652 | | |
| 2,217 | | |
| 1,794 | |
Net
income per share, basic | |
$ | 1.36 | | |
$ | 0.46 | | |
$ | 0.36 | | |
$ | 0.30 | | |
$ | 0.24 | |
Net
income per share, diluted | |
$ | 1.35 | | |
$ | 0.46 | | |
$ | 0.35 | | |
$ | 0.30 | | |
$ | 0.24 | |
|