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Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data

 

Quarterly Financial Data - UNAUDITED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended in 2021

 

 

 

Mar 31

 

 

June 30

 

 

Sep 30

 

 

Dec 31

 

Summary of Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

16,765

 

 

$

17,530

 

 

$

20,122

 

 

$

22,423

 

Interest expense

 

 

1,728

 

 

 

1,554

 

 

 

1,672

 

 

 

2,388

 

Net Interest Income

 

 

15,037

 

 

 

15,976

 

 

 

18,450

 

 

 

20,035

 

Provision for loan loss

 

 

1,700

 

 

 

641

 

 

 

659

 

 

 

444

 

Net interest income after provision of loan loss

 

 

13,337

 

 

 

15,335

 

 

 

17,791

 

 

 

19,591

 

Other income (expense)

 

 

(7,368

)

 

 

(9,033

)

 

 

(10,247

)

 

 

(9,909

)

Net income before income taxes

 

 

5,969

 

 

 

6,302

 

 

 

7,544

 

 

 

9,682

 

Income taxes

 

 

1,060

 

 

 

1,319

 

 

 

1,624

 

 

 

1,999

 

Net income

 

$

4,909

 

 

$

4,983

 

 

$

5,920

 

 

$

7,683

 

Earnings per Common Share

 

$

0.44

 

 

$

0.44

 

 

$

0.53

 

 

$

0.59

 

Average common shares outstanding

 

 

11,197,012

 

 

 

11,191,043

 

 

 

11,209,732

 

 

 

13,046,299

 

 

 

 

 

Quarter Ended in 2020

 

 

 

Mar 31

 

 

June 30

 

 

Sep 30

 

 

Dec 31

 

Summary of Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

17,464

 

 

$

17,273

 

 

$

17,293

 

 

$

18,139

 

Interest expense

 

 

3,411

 

 

 

2,698

 

 

 

2,269

 

 

 

2,015

 

Net Interest Income

 

 

14,053

 

 

 

14,575

 

 

 

15,024

 

 

 

16,124

 

Provision for loan loss

 

 

1,430

 

 

 

1,569

 

 

 

1,987

 

 

 

1,995

 

Net interest income after provision for loan loss

 

 

12,623

 

 

 

13,006

 

 

 

13,037

 

 

 

14,129

 

Other income (expense)

 

 

(7,546

)

 

 

(7,041

)

 

 

(7,340

)

 

 

(5,662

)

Net income before income taxes

 

 

5,077

 

 

 

5,965

 

 

 

5,697

 

 

 

8,467

 

Income taxes

 

 

972

 

 

 

1,161

 

 

 

1,287

 

 

 

1,691

 

Net income

 

$

4,105

 

 

$

4,804

 

 

$

4,410

 

 

$

6,776

 

Earnings per Common Share

 

$

0.37

 

 

$

0.43

 

 

$

0.40

 

 

$

0.60

 

Average common shares outstanding

 

 

11,134,870

 

 

 

11,129,341

 

 

 

11,142,797

 

 

 

11,177,765