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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (UNAUDITED) | Note 24—QUARTERLY FINANCIAL DATA (UNAUDITED) The following provides quarterly financial data for 2022, 2021 and 2020 (dollars in thousands, except per share amounts). Schedule of Unaudited Quarterly Financial Data
2022 |  | Total |  |  | Fourth Quarter |  |  | Third Quarter |  |  | Second Quarter |  |  | First Quarter |
Interest income |  | $ | 51,117 |  |  | $ | 15,057 |  |  | $ | 13,352 |  |  | $ | 11,513 |  |  | $ | 11,195 |
Interest expense |  |  | 3,174 |  |  |  | 1,692 |  |  |  | 558 |  |  |  | 462 |  |  |  | 462 |
Net interest income |  |  | 47,943 |  |  |  | 13,365 |  |  |  | 12,794 |  |  |  | 11,051 |  |  |  | 10,733 |
Provision for (release of) loan losses |  |  | (152 | ) |  |  | 25 |  |  |  | 18 |  |  |  | (70 | ) |  |  | (125 | )
Net interest income after provision |  |  | 48,095 |  |  |  | 13,340 |  |  |  | 12,776 |  |  |  | 11,121 |  |  |  | 10,858 |
Noninterest income |  |  | 11,569 |  |  |  | 2,513 |  |  |  | 2,673 |  |  |  | 3,009 |  |  |  | 3,374 |
Noninterest expense |  |  | 41,253 |  |  |  | 10,694 |  |  |  | 10,417 |  |  |  | 10,188 |  |  |  | 9,954 |
Income before income taxes |  |  | 18,411 |  |  |  | 5,159 |  |  |  | 5,032 |  |  |  | 3,942 |  |  |  | 4,278 |
Taxes |  |  | 3,798 |  |  |  | 1,116 |  |  |  | 1,081 |  |  |  | 812 |  |  |  | 789 |
Net income |  | $ | 14,613 |  |  |  | 4,043 |  |  |  | 3,951 |  |  |  | 3,130 |  |  |  | 3,489 |
Net income available to common shareholders |  | $ | 14,613 |  |  |  | 4,043 |  |  |  | 3,951 |  |  |  | 3,130 |  |  |  | 3,489 |
Net income per share, basic |  | $ | 1.94 |  |  | $ | 0.54 |  |  | $ | 0.52 |  |  | $ | 0.42 |  |  | $ | 0.46 |
Net income per share, diluted |  | $ | 1.92 |  |  | $ | 0.53 |  |  | $ | 0.52 |  |  | $ | 0.41 |  |  | $ | 0.46 |
2021 |  | Total |  |  | Fourth Quarter |  |  | Third Quarter |  |  | Second Quarter |  |  | First Quarter |
Interest income |  | $ | 47,520 |  |  | $ | 11,656 |  |  | $ | 12,982 |  |  | $ | 11,664 |  |  | $ | 11,218 |
Interest expense |  |  | 2,241 |  |  |  | 492 |  |  |  | 526 |  |  |  | 572 |  |  |  | 651 |
Net interest income |  |  | 45,279 |  |  |  | 11,164 |  |  |  | 12,456 |  |  |  | 11,092 |  |  |  | 10,567 |
Provision for (release of) loan losses |  |  | 335 |  |  |  | (59 | ) |  |  | 49 |  |  |  | 168 |  |  |  | 177 |
Net interest income after provision |  |  | 44,944 |  |  |  | 11,223 |  |  |  | 12,407 |  |  |  | 10,924 |  |  |  | 10,390 |
Noninterest income |  |  | 13,904 |  |  |  | 3,626 |  |  |  | 3,564 |  |  |  | 3,418 |  |  |  | 3,296 |
Noninterest expense |  |  | 39,201 |  |  |  | 9,878 |  |  |  | 9,905 |  |  |  | 9,878 |  |  |  | 9,540 |
Income before income taxes |  |  | 19,647 |  |  |  | 4,971 |  |  |  | 6,066 |  |  |  | 4,464 |  |  |  | 4,146 |
Taxes |  |  | 4,182 |  |  |  | 1,052 |  |  |  | 1,318 |  |  |  | 921 |  |  |  | 891 |
Net income |  | $ | 15,465 |  |  |  | 3,919 |  |  |  | 4,748 |  |  |  | 3,543 |  |  |  | 3,255 |
Net income available to common shareholders |  | $ | 15,465 |  |  |  | 3,919 |  |  |  | 4,748 |  |  |  | 3,543 |  |  |  | 3,255 |
Net income per share, basic |  | $ | 2.06 |  |  | $ | 0.52 |  |  | $ | 0.63 |  |  | $ | 0.47 |  |  | $ | 0.44 |
Net income per share, diluted |  | $ | 2.05 |  |  | $ | 0.52 |  |  | $ | 0.63 |  |  | $ | 0.47 |  |  | $ | 0.43 |
2020 |  | Total |  |  | Fourth Quarter |  |  | Third Quarter |  |  | Second Quarter |  |  | First Quarter |
Interest income |  | $ | 43,778 |  |  | $ | 11,426 |  |  | $ | 10,976 |  |  | $ | 10,666 |  |  | $ | 10,710 |
Interest expense |  |  | 3,755 |  |  |  | 739 |  |  |  | 800 |  |  |  | 923 |  |  |  | 1,293 |
Net interest income |  |  | 40,023 |  |  |  | 10,687 |  |  |  | 10,176 |  |  |  | 9,743 |  |  |  | 9,417 |
Provision for loan losses |  |  | 3,663 |  |  |  | 276 |  |  |  | 1,062 |  |  |  | 1,250 |  |  |  | 1,075 |
Net interest income after provision |  |  | 36,360 |  |  |  | 10,411 |  |  |  | 9,114 |  |  |  | 8,493 |  |  |  | 8,342 |
Noninterest income |  |  | 13,769 |  |  |  | 3,604 |  |  |  | 3,850 |  |  |  | 3,387 |  |  |  | 2,928 |
Noninterest expense |  |  | 37,534 |  |  |  | 9,651 |  |  |  | 9,714 |  |  |  | 9,131 |  |  |  | 9,038 |
Income before income taxes |  |  | 12,595 |  |  |  | 4,364 |  |  |  | 3,250 |  |  |  | 2,749 |  |  |  | 2,232 |
Taxes |  |  | 2,496 |  |  |  | 928 |  |  |  | 598 |  |  |  | 532 |  |  |  | 438 |
Net income |  | $ | 10,099 |  |  |  | 3,436 |  |  |  | 2,652 |  |  |  | 2,217 |  |  |  | 1,794 |
Net income available to common shareholders |  | $ | 10,099 |  |  |  | 3,436 |  |  |  | 2,652 |  |  |  | 2,217 |  |  |  | 1,794 |
Net income per share, basic |  | $ | 1.36 |  |  | $ | 0.46 |  |  | $ | 0.36 |  |  | $ | 0.30 |  |  | $ | 0.24 |
Net income per share, diluted |  | $ | 1.35 |  |  | $ | 0.46 |  |  | $ | 0.35 |  |  | $ | 0.30 |  |  | $ | 0.24 |

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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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