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Summarized Quarterly Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
Summary Of Selected Quarterly Financial Information | A summary of selected quarterly financial information (unaudited) is presented below (in thousands, except for per share data):
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2022 |  |  |  |  |  |  |
Interest income | $ | 39,551 |  |  | $ | 42,742 |  |  | $ | 50,807 |  |  | $ | 56,588 |
Taxable equivalent adjustment | 323 |  |  | 321 |  |  | 326 |  |  | 336 |
Interest income (FTE) | 39,874 |  |  | 43,063 |  |  | 51,133 |  |  | 56,924 |
Interest expense | 1,635 |  |  | 1,452 |  |  | 2,025 |  |  | 4,543 |
Net interest income | 38,239 |  |  | 41,611 |  |  | 49,108 |  |  | 52,381 |
(Recovery of) Provision for credit losses | (756) |  |  | — |  |  | 730 |  |  | 500 |
Non-interest income | 17,448 |  |  | 17,849 |  |  | 18,244 |  |  | 18,536 |
Non-interest expense | 29,527 |  |  | 30,689 |  |  | 31,501 |  |  | 32,585 |
Income before income tax expense | 26,916 |  |  | 28,771 |  |  | 35,121 |  |  | 37,832 |
Income tax expense | 5,251 |  |  | 5,767 |  |  | 7,421 |  |  | 6,824 |
Taxable equivalent adjustment | (323) |  |  | (321) |  |  | (326) |  |  | (336) |
Net income available to common shareholders | $ | 21,342 |  |  | $ | 22,683 |  |  | $ | 27,374 |  |  | $ | 30,672 |
Net earnings allocated to common shareholders | $ | 21,142 |  |  | $ | 22,480 |  |  | $ | 27,119 |  |  | $ | 30,378 |
Basic earnings per common share | $ | 1.41 |  |  | $ | 1.51 |  |  | $ | 1.84 |  |  | $ | 2.06 |
Diluted earnings per common share | 1.41 |  |  | 1.51 |  |  | 1.83 |  |  | 2.05 |
Average common shares outstanding: |  |  |  |  |  |  |
Basic | 14,974 |  |  | 14,888 |  |  | 14,776 |  |  | 14,756 |
Diluted | 15,002 |  |  | 14,909 |  |  | 14,800 |  |  | 14,785 |
2021 |  |  |  |  |  |  |
Interest income | $ | 40,937 |  |  | $ | 40,499 |  |  | $ | 41,558 |  |  | $ | 42,473 |
Taxable equivalent adjustment | 331 |  |  | 343 |  |  | 334 |  |  | 325 |
Interest income (FTE) | 41,268 |  |  | 40,842 |  |  | 41,892 |  |  | 42,798 |
Interest expense | 3,397 |  |  | 2,585 |  |  | 2,070 |  |  | 1,842 |
Net interest income | 37,871 |  |  | 38,257 |  |  | 39,822 |  |  | 40,956 |
Recovery of credit losses | (440) |  |  | (2,000) |  |  | (725) |  |  | — |
Non-interest income | 16,630 |  |  | 17,448 |  |  | 17,947 |  |  | 17,616 |
Non-interest expense | 29,809 |  |  | 29,574 |  |  | 29,178 |  |  | 28,624 |
Income before income tax expense | 25,132 |  |  | 28,131 |  |  | 29,316 |  |  | 29,948 |
Income tax expense | 4,987 |  |  | 5,640 |  |  | 6,250 |  |  | 6,237 |
Taxable equivalent adjustment | (331) |  |  | (343) |  |  | (334) |  |  | (325) |
Net income available to common shareholders | $ | 19,814 |  |  | $ | 22,148 |  |  | $ | 22,732 |  |  | $ | 23,386 |
Net earnings allocated to common shareholders | $ | 19,635 |  |  | $ | 21,942 |  |  | $ | 22,499 |  |  | $ | 23,161 |
Basic earnings per common share | $ | 1.25 |  |  | $ | 1.41 |  |  | $ | 1.47 |  |  | $ | 1.54 |
Diluted earnings per common share | 1.25 |  |  | 1.41 |  |  | 1.47 |  |  | 1.54 |
Average common shares outstanding: |  |  |  |  |  |  |
Basic | 15,656 |  |  | 15,573 |  |  | 15,279 |  |  | 15,026 |
Diluted | 15,687 |  |  | 15,594 |  |  | 15,302 |  |  | 15,056 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126900988&loc=d3e1280-108306 + Details
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