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Consolidated Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Summary of Consolidated Quarterly Results of Operations


(dollars in thousands, except per share data)						First Quarter						Second Quarter						Third Quarter						Fourth Quarter
Year Ended December 31, 2023
Total interest income						$	38,115					$	40,071					$	42,078					$	43,399
Total interest expense						6,520						9,765						12,569						14,117
Net interest income						31,595						30,306						29,509						29,282
Provision for loan losses						814						511						351						665
Net interest income after provision for loan losses						30,781						29,795						29,158						28,617
Noninterest income						3,311						3,448						4,399						3,478
Noninterest expense						19,940						20,959						21,338						20,604
Income before income taxes						14,152						12,284						12,219						11,491
Income tax expense						2,832						2,503						2,465						2,106
Net income						$	11,320					$	9,781					$	9,754					$	9,385
Earnings per share – basic						$	1.40					$	1.22					$	1.22					$	1.18
Earnings per share – diluted						$	1.39					$	1.21					$	1.22					$	1.17

Year Ended December 31, 2022
Total interest income						$	24,566					$	30,505					$	34,264					$	36,595
Total interest expense						1,055						1,264						2,287						3,309
Net interest income						23,511						29,241						31,977						33,286
Provision for loan losses						3,215						591						1,696						1,987
Net interest income after provision for loan losses						20,296						28,650						30,281						31,299
Noninterest income						3,386						3,686						3,474						3,339
Noninterest expense						18,240						21,765						20,723						21,181
Income before income taxes						5,442						10,571						13,032						13,457
Income tax expense						1,041						2,110						2,598						2,681
Net income						$	4,401					$	8,461					$	10,434					$	10,776
Earnings per share – basic						$	0.53					$	1.04					$	1.29					$	1.33
Earnings per share – diluted						$	0.53					$	1.03					$	1.28					$	1.32

(dollars in thousands, except per share data)						First Quarter						Second Quarter						Third Quarter						Fourth Quarter
Year Ended December 31, 2021
Total interest income						$	26,928					$	25,763					$	28,423					$	25,788
Total interest expense						1,833						1,653						1,289						1,138
Net interest income						25,095						24,110						27,134						24,650
Provision for loan losses						(1,703)						(3,425)						(2,385)						(2,648)
Net interest income after provision for loan losses						26,798						27,535						29,519						27,298
Noninterest income						4,060						3,294						5,383						3,534
Noninterest expense						15,966						16,568						16,431						18,017
Income before income taxes						14,892						14,261						18,471						12,815
Income tax expense						2,964						2,865						3,412						2,577
Net income						$	11,928					$	11,396					$	15,059					$	10,238
Earnings per share – basic						$	1.41					$	1.35					$	1.80					$	1.24
Earnings per share – diluted						$	1.41					$	1.34					$	1.79					$	1.23