XML 46 R30.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Note 23 - Quarterly Financial Data (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2021
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | Note 23. Quarterly Financial Data (Unaudited) The following tables present selected financial data for the periods indicated:
|  | Year Ended December 31, 2021 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 27,151 |  |  | $ | 26,538 |  |  | $ | 25,789 |  |  | $ | 25,832 |
Interest expense |  |  | 869 |  |  |  | 724 |  |  |  | 643 |  |  |  | 600 |
Net interest income |  |  | 26,282 |  |  |  | 25,814 |  |  |  | 25,146 |  |  |  | 25,232 |
Recovery of loan losses |  |  | (4,001 | ) |  |  | (2,230 | ) |  |  | (1,394 | ) |  |  | (846 | )
Net interest income after provision |  |  | 30,283 |  |  |  | 28,044 |  |  |  | 26,540 |  |  |  | 26,078 |
Noninterest income, excluding net loss on sale of securities |  |  | 7,569 |  |  |  | 8,797 |  |  |  | 8,720 |  |  |  | 9,215 |
Noninterest expense |  |  | 18,820 |  |  |  | 19,361 |  |  |  | 18,836 |  |  |  | 21,701 |
Income before income taxes |  |  | 19,032 |  |  |  | 17,480 |  |  |  | 16,424 |  |  |  | 13,592 |
Income tax expense |  |  | 4,430 |  |  |  | 4,077 |  |  |  | 3,816 |  |  |  | 3,037 |
Net income |  | $ | 14,602 |  |  | $ | 13,403 |  |  | $ | 12,608 |  |  | $ | 10,555 |
Basic earnings per common share |  | $ | 0.83 |  |  | $ | 0.77 |  |  | $ | 0.73 |  |  | $ | 0.62 |
Diluted earnings per common share |  |  | 0.82 |  |  |  | 0.76 |  |  |  | 0.73 |  |  |  | 0.62 |
Dividends per common share |  |  | 0.25 |  |  |  | 0.25 |  |  |  | 0.27 |  |  |  | 0.27 |
Weighted average basic shares outstanding |  |  | 17,669,937 |  |  |  | 17,486,182 |  |  |  | 17,221,244 |  |  |  | 16,974,005 |
Weighted average diluted shares outstanding |  |  | 17,729,185 |  |  |  | 17,536,144 |  |  |  | 17,279,576 |  |  |  | 17,038,980 |
|  | Year Ended December 31, 2020 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 29,509 |  |  | $ | 27,786 |  |  | $ | 27,995 |  |  | $ | 28,746 |
Interest expense |  |  | 1,827 |  |  |  | 1,447 |  |  |  | 1,161 |  |  |  | 1,029 |
Net interest income |  |  | 27,682 |  |  |  | 26,339 |  |  |  | 26,834 |  |  |  | 27,717 |
Provision for loan losses |  |  | 3,500 |  |  |  | 3,831 |  |  |  | 4,703 |  |  |  | 634 |
Net interest income after provision |  |  | 24,182 |  |  |  | 22,508 |  |  |  | 22,131 |  |  |  | 27,083 |
Noninterest income, excluding net loss on sale of securities |  |  | 7,164 |  |  |  | 6,913 |  |  |  | 7,638 |  |  |  | 7,733 |
Net loss on sale of securities |  |  | 385 |  |  |  | — |  |  |  | — |  |  |  | — |
Noninterest expense |  |  | 21,664 |  |  |  | 18,913 |  |  |  | 19,171 |  |  |  | 19,877 |
Income before income taxes |  |  | 10,067 |  |  |  | 10,508 |  |  |  | 10,598 |  |  |  | 14,939 |
Income tax expense |  |  | 2,195 |  |  |  | 2,270 |  |  |  | 2,332 |  |  |  | 3,389 |
Net income |  | $ | 7,872 |  |  | $ | 8,238 |  |  | $ | 8,266 |  |  | $ | 11,550 |
Basic earnings per common share |  | $ | 0.44 |  |  | $ | 0.47 |  |  | $ | 0.47 |  |  | $ | 0.65 |
Diluted earnings per common share |  |  | 0.44 |  |  |  | 0.46 |  |  |  | 0.47 |  |  |  | 0.65 |
Dividends per common share |  |  | 0.25 |  |  |  | 0.25 |  |  |  | 0.25 |  |  |  | 0.25 |
Weighted average basic shares outstanding |  |  | 17,998,994 |  |  |  | 17,701,853 |  |  |  | 17,710,283 |  |  |  | 17,717,356 |
Weighted average diluted shares outstanding |  |  | 18,050,071 |  |  |  | 17,728,300 |  |  |  | 17,732,428 |  |  |  | 17,751,805 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration