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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited) Quarterly Results of Operations (Unaudited)
The following tables present certain unaudited consolidated quarterly financial information regarding the Company’s results of operations for each of the eight consecutive quarters in the fiscal years of 2021 and 2020. This information is derived from unaudited consolidated financial statements that include, in the Company’s opinion, all adjustments necessary for a fair presentation when read in conjunction with the Company’s consolidated financial statements and notes thereto as of and for the years ended December 31, 2021 and 2020.
2021
(in thousands, except per share data)4th Quarter3rd Quarter2nd Quarter1st Quarter
Interest and dividend income$20,075 $19,442 $18,644 $19,178 
Interest expense1,300 1,333 1,397 1,587 
Net interest income18,775 18,109 17,247 17,591 
Provision for loan losses150 150 150 1,450 
Net interest income after provision for loan losses18,625 17,959 17,097 16,141 
Noninterest income5,672 5,643 6,403 6,775 
Operating expenses14,016 13,684 13,392 13,163 
Income tax expense1,771 1,780 1,869 1,688 
Net income$8,510 $8,138 $8,239 $8,065 
Earnings per share
Basic$1.18 $1.12 $1.13 $1.10 
Diluted$1.17 $1.12 $1.13 $1.10 
2020
(in thousands, except per share data)4th Quarter3rd Quarter2nd Quarter1st Quarter
Interest and dividend income$20,526 $19,249 $19,023 $18,580 
Interest expense1,865 1,954 2,067 2,492 
Net interest income18,661 17,295 16,956 16,088 
Provision for loan losses2,675 1,590 1,525 503 
Net interest income after provision for loan losses15,986 15,705 15,431 15,585 
Noninterest income6,193 6,420 5,823 4,731 
Operating expenses13,336 13,251 12,869 11,950 
Income tax expense1,582 1,589 1,531 1,621 
Net income$7,261 $7,285 $6,854 $6,745 
Earnings per share
Basic $0.99 $0.99 $0.94 $0.92 
Diluted$0.99 $0.99 $0.93 $0.92