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Note 23 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2024

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, 2024
		First				Second				Third				Fourth
		Quarter				Quarter				Quarter				Quarter
(Amounts in thousands, except share and per share data)
Interest income		$	36,029			$	36,789			$	36,892			$	36,432
Interest expense			4,400				4,877				5,298				5,099
Net interest income			31,629				31,912				31,594				31,333
Provision for credit losses			1,011				144				1,360				1,082
Net interest income after provision			30,618				31,768				30,234				30,251
Noninterest income, excluding net loss on sale of securities			9,259				9,342				10,452				10,337
Noninterest expense			23,386				24,897				24,177				24,107
Income before income taxes			16,491				16,213				16,509				16,481
Income tax expense			3,646				3,527				3,476				3,441
Net income		$	12,845			$	12,686			$	13,033			$	13,040
Basic earnings per common share		$	0.70			$	0.69			$	0.71			$	0.71
Diluted earnings per common share			0.71				0.71				0.71				0.71
Dividends per common share			0.29				0.29				0.31				0.31
Weighted average basic shares outstanding			18,476,128				18,343,958				18,279,612				18,299,612
Weighted average diluted shares outstanding			18,545,910				18,409,876				18,371,907				18,418,441

		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
Recovery of 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
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

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- 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://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1B

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 270
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/270/tableOfContent

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