XML 41 R31.htm IDEA: XBRL DOCUMENT v3.24.1

Quarterly Condensed Statements of Income

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Quarterly Condensed Statements of Income

NOTE 20. Quarterly Condensed Statements of Income - Unaudited

The Company’s quarterly net income, net income per common share and dividends per common share during 2023 and 2022 are summarized as follows:

		2023
		March 31				June 30				September 30				December 31
		(in thousands, except per share amounts)
Total interest and dividend income		$	18,558			$	20,364			$	22,191			$	22,015
Net interest income after provision for credit losses			11,980				12,039				12,700				11,923
Noninterest income			3,526				3,357				4,209				3,653
Noninterest expenses			12,386				12,955				14,133				13,280
Income before income taxes			3,120				2,441				2,776				2,296
Net income			2,585				2,058				2,319				2,395
Net income per common share, basic			0.73				0.58				0.66				0.69
Net income per common share, diluted			0.73				0.58				0.66				0.69
Dividends per common share			0.30				0.30				0.30				0.30

		2022
		March 31				June 30				September 30				December 31
		(in thousands, except per share amounts)
Total interest and dividend income		$	11,509			$	12,647			$	14,366			$	16,164
Net interest income after provision for credit losses			10,599				11,559				12,899				12,326
Noninterest income			3,243				3,849				3,164				3,089
Noninterest expenses			9,923				10,528				11,058				11,548
Income before income taxes			3,919				4,880				5,005				3,867
Net income			3,250				3,992				4,082				3,197
Net income per common share, basic			0.94				1.14				1.17				0.92
Net income per common share, diluted			0.94				1.14				1.17				0.92
Dividends per common share			0.28				0.28				0.29				0.30

X

- References

No definition available.

+ Details

Name:	us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 270
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//270/tableOfContent

+ Details

Name:	us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration