XML 71 R54.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 22 - Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Quarterly Financial Information [Table Text Block]
  

Year Ended December 31, 2023

 
  

First

  

Second

  

Third

  

Fourth

 
  

Quarter

  

Quarter

  

Quarter

  

Quarter

 

(Amounts in thousands, except share and per share data)

                

Interest income

 $30,189  $34,869  $36,105  $36,002 

Interest expense

  777   2,007   2,758   3,939 

Net interest income

  29,412   32,862   33,347   32,063 

Provision for credit losses

  1,742   4,105   1,109   1,029 

Net interest income after provision

  27,670   28,757   32,238   31,034 

Noninterest income, excluding net loss on sale of securities

  8,583   8,785   9,622   10,462 

Noninterest expense

  20,813   24,671   22,913   26,780 

Income before income taxes

  15,440   12,871   18,947   14,716 

Income tax expense

  3,658   3,057   4,307   2,932 

Net income

 $11,782  $9,814  $14,640  $11,784 
                 

Adjustment to Net Income for Fair Value Changes to Restricted Stock Units (tax-effected)

 $20  $335  $215  $530 

Adjusted Net Income for diluted earnings per share

 $11,802  $10,149  $14,855  $12,314 
                 

Basic earnings per common share

 $0.73  $0.53  $0.78  $0.64 

Diluted earnings per common share

  0.72   0.55   0.79   0.66 

Dividends per common share

  0.29   0.29   0.29   0.29 
                 

Weighted average basic shares outstanding

  16,228,297   18,407,078   18,786,032   18,530,114 

Weighted average diluted shares outstanding

  16,289,489   18,431,598   18,831,836   18,575,226 
  

Year Ended December 31, 2022

 
  

First

  

Second

  

Third

  

Fourth

 
  

Quarter

  

Quarter

  

Quarter

  

Quarter

 

(Amounts in thousands, except share and per share data)

                

Interest income

 $25,639  $27,970  $29,722  $30,988 

Interest expense

  486   423   380   367 

Net interest income

  25,153   27,547   29,342   30,621 

Recovery of credit losses

  1,961   510   685   3,416 

Net interest income after provision

  23,192   27,037   28,657   27,205 

Noninterest income, excluding net loss on sale of securities

  9,194   8,854   9,950   9,184 

Noninterest expense

  19,986   21,255   21,145   20,730 

Income before income taxes

  12,400   14,636   17,462   15,659 

Income tax expense

  2,885   3,423   4,111   3,076 

Net income

 $9,515  $11,213  $13,351  $12,583 
                 

Basic earnings per common share

 $0.57  $0.67  $0.82  $0.78 

Diluted earnings per common share

  0.56   0.67   0.81   0.77 

Dividends per common share

  0.27   0.27   0.29   0.29 
                 

Weighted average basic shares outstanding

  16,817,284   16,662,817   16,378,022   16,229,289 

Weighted average diluted shares outstanding

  16,864,515   16,682,615   16,413,202   16,281,922