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Selected Condensed Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
Selected Condensed Quarterly Financial Data (Unaudited) | NOTE 25 – Selected Condensed Quarterly Financial Data (Unaudited)
|  | 2022 |
|  | For the quarters ended |
(dollars in thousands, except share data) |  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest income |  | $ | 24,464 |  |  |  | 27,238 |  |  |  | 30,934 |  |  |  | 35,026 |
Interest expense |  |  | 1,300 |  |  |  | 2,354 |  |  |  | 5,480 |  |  |  | 10,907 |
Net interest income |  |  | 23,164 |  |  |  | 24,884 |  |  |  | 25,454 |  |  |  | 24,119 |
Provision for credit losses |  |  | 1,105 |  |  |  | 1,775 |  |  |  | 950 |  |  |  | 2,325 |
Noninterest income |  |  | 2,927 |  |  |  | 2,265 |  |  |  | 2,680 |  |  |  | 1,707 |
Noninterest expenses |  |  | 14,685 |  |  |  | 15,788 |  |  |  | 16,046 |  |  |  | 16,413 |
Income before income tax expense |  |  | 10,301 |  |  |  | 9,586 |  |  |  | 11,138 |  |  |  | 7,088 |
Income tax expense |  |  | 2,331 |  |  |  | 2,346 |  |  |  | 2,725 |  |  |  | 1,596 |
Net income available to common shareholders |  | $ | 7,970 |  |  |  | 7,240 |  |  |  | 8,413 |  |  |  | 5,492 |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.00 |  |  |  | 0.91 |  |  |  | 1.06 |  |  |  | 0.69 |
Diluted |  | $ | 0.98 |  |  |  | 0.90 |  |  |  | 1.04 |  |  |  | 0.68 |
Weighted average common shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 7,932 |  |  |  | 7,958 |  |  |  | 7,972 |  |  |  | 7,971 |
Diluted |  |  | 8,096 |  |  |  | 8,055 |  |  |  | 8,065 |  |  |  | 8,072 |
|  | 2021 |
|  | For the quarters ended |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest income |  | $ | 22,813 |  |  |  | 22,731 |  |  |  | 23,486 |  |  |  | 24,137 |
Interest expense |  |  | 1,540 |  |  |  | 1,301 |  |  |  | 1,314 |  |  |  | 1,280 |
Net interest income |  |  | 21,273 |  |  |  | 21,430 |  |  |  | 22,172 |  |  |  | 22,857 |
Provision for credit losses |  |  | (300 | ) |  |  | (1,900 | ) |  |  | (6,000 | ) |  |  | (4,200 | )
Noninterest income |  |  | 5,904 |  |  |  | 3,622 |  |  |  | 4,239 |  |  |  | 3,336 |
Noninterest expenses |  |  | 14,162 |  |  |  | 13,495 |  |  |  | 14,039 |  |  |  | 14,734 |
Income before income tax expense |  |  | 13,315 |  |  |  | 13,457 |  |  |  | 18,372 |  |  |  | 15,659 |
Income tax expense |  |  | 2,949 |  |  |  | 3,134 |  |  |  | 4,355 |  |  |  | 3,654 |
Net income available to common shareholders |  | $ | 10,366 |  |  |  | 10,323 |  |  |  | 14,017 |  |  |  | 12,005 |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.33 |  |  |  | 1.32 |  |  |  | 1.78 |  |  |  | 1.52 |
Diluted |  | $ | 1.31 |  |  |  | 1.29 |  |  |  | 1.75 |  |  |  | 1.49 |
Weighted average common shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 7,775 |  |  |  | 7,848 |  |  |  | 7,874 |  |  |  | 7,877 |
Diluted |  |  | 7,909 |  |  |  | 7,988 |  |  |  | 8,001 |  |  |  | 8,057 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://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 https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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