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Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)

Note 21: Quarterly Financial Information (unaudited)

 

Years ended December 31,

 

($ in thousands, except per share data)                
                 
2022  December   September   June   March 
                 
Interest income  $12,936   $11,764   $10,474   $9,395 
Interest expense   2,037    1,334    881    918 
Net interest income   10,899    10,430    9,593    8,477 
Provision for loan losses   
-
    
-
    
-
    
-
 
Noninterest income   3,713    4,043    4,673    5,802 
Noninterest expense   10,268    10,385    10,802    10,859 
Income tax expense   812    746    630    607 
Net income  $3,532   $3,342   $2,834   $2,813 
                     
Basic earnings per common share  $0.51   $0.48   $0.40   $0.40 
Diluted earnings per common share  $0.50   $0.47   $0.40   $0.40 
Dividends per share  $0.125   $0.120   $0.120   $0.115 

 

2021  December   September   June   March 
                 
Interest income  $10,003   $11,033   $10,163   $10,705 
Interest expense   925    1,009    1,006    1,080 
Net interest income   9,078    10,024    9,157    9,625 
Provision for loan losses   
-
    300    
-
    750 
Noninterest income   6,589    6,649    6,537    10,922 
Noninterest expense   11,567    11,256    11,076    10,909 
Income tax expense   768    1,014    857    1,807 
Net income  $3,332   $4,103   $3,761   $7,081 
                     
Basic earnings per common share  $0.49   $0.59   $0.53   $0.97 
Diluted earnings per common share  $0.49   $0.58   $0.52   $0.97 
Dividends per share  $0.115   $0.110   $0.110   $0.105