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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Unaudited Quarterly Financial Data

The following provides quarterly financial data for 2022, 2021 and 2020 (dollars in thousands, except per share amounts).

 

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