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Note 21 - Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Quarterly Financial Information [Text Block] |
21. | SELECTED QUARTERLY FINANCIAL DATA (Unaudited)
(Dollar amounts in thousands) |  | Three Months Ended |
|  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
|  | 2021 |  |  | 2021 |  |  | 2021 |  |  | 2021 |
Total interest and dividend income |  | $ | 13,142 |  |  | $ | 12,936 |  |  | $ | 13,447 |  |  | $ | 12,810 |
Total interest expense |  |  | 1,244 |  |  |  | 1,049 |  |  |  | 952 |  |  |  | 820 |
Net interest income |  |  | 11,898 |  |  |  | 11,887 |  |  |  | 12,495 |  |  |  | 11,990 |
Provision for loan losses |  |  | 700 |  |  |  | 200 |  |  |  | - |  |  |  | (200 | )
Net interest income after |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
provision for loan losses |  |  | 11,198 |  |  |  | 11,687 |  |  |  | 12,495 |  |  |  | 12,190 |
Total noninterest income |  |  | 2,218 |  |  |  | 1,632 |  |  |  | 1,821 |  |  |  | 1,535 |
Total noninterest expense |  |  | 8,353 |  |  |  | 7,926 |  |  |  | 7,938 |  |  |  | 7,861 |
Income before income taxes |  |  | 5,063 |  |  |  | 5,393 |  |  |  | 6,378 |  |  |  | 5,864 |
Income taxes |  |  | 896 |  |  |  | 968 |  |  |  | 1,174 |  |  |  | 1,027 |
Net income |  | $ | 4,167 |  |  | $ | 4,425 |  |  | $ | 5,204 |  |  | $ | 4,837 |
Per share data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.65 |  |  | $ | 0.70 |  |  | $ | 0.85 |  |  | $ | 0.81 |
Diluted |  |  | 0.65 |  |  |  | 0.70 |  |  |  | 0.85 |  |  |  | 0.81 |
Average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 6,364,132 |  |  |  | 6,297,071 |  |  |  | 6,136,648 |  |  |  | 5,951,838 |
Diluted |  |  | 6,378,493 |  |  |  | 6,312,230 |  |  |  | 6,157,181 |  |  |  | 5,975,333 |
(Dollar amounts in thousands) |  | Three Months Ended |
|  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2020 |  |  | 2020 |  |  | 2020 |
Total interest and dividend income |  | $ | 13,009 |  |  | $ | 13,155 |  |  | $ | 13,507 |  |  | $ | 12,967 |
Total interest expense |  |  | 2,976 |  |  |  | 2,430 |  |  |  | 2,148 |  |  |  | 1,696 |
Net interest income |  |  | 10,033 |  |  |  | 10,725 |  |  |  | 11,359 |  |  |  | 11,271 |
Provision for loan losses |  |  | 2,740 |  |  |  | 1,000 |  |  |  | 4,000 |  |  |  | 2,100 |
Net interest income after |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
provision for loan losses |  |  | 7,293 |  |  |  | 9,725 |  |  |  | 7,359 |  |  |  | 9,171 |
Total noninterest income |  |  | 1,074 |  |  |  | 1,495 |  |  |  | 1,811 |  |  |  | 1,610 |
Total noninterest expense |  |  | 7,252 |  |  |  | 7,689 |  |  |  | 7,022 |  |  |  | 7,825 |
Income before income taxes |  |  | 1,115 |  |  |  | 3,531 |  |  |  | 2,148 |  |  |  | 2,956 |
Income taxes |  |  | 74 |  |  |  | 565 |  |  |  | 295 |  |  |  | 467 |
Net income |  | $ | 1,041 |  |  | $ | 2,966 |  |  | $ | 1,853 |  |  | $ | 2,489 |
Per share data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.16 |  |  | $ | 0.47 |  |  | $ | 0.29 |  |  | $ | 0.39 |
Diluted |  |  | 0.16 |  |  |  | 0.46 |  |  |  | 0.29 |  |  |  | 0.39 |
Average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 6,417,109 |  |  |  | 6,369,467 |  |  |  | 6,376,291 |  |  |  | 6,378,706 |
Diluted |  |  | 6,429,443 |  |  |  | 6,388,118 |  |  |  | 6,385,765 |  |  |  | 6,397,681 |

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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 http://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 http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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