Condensed Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Condensed Quarterly Results of Operations

26.     CONDENSED QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following table sets forth the Company’s unaudited results of operations for the four quarters of 2022 and 2021. In management’s opinion, the results of operations reflect all adjustments (which include only recurring adjustments) necessary to present fairly the condensed results for such periods (dollars in thousands, except per share data).

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	2023 Quarter Ended
	December 31,		September 30,		June 30,		March 31,
Interest income	$	42,444	$	42,384	$	40,875	$	37,419
Interest expense		14,574		14,297		12,558		9,287
Net interest income		27,870		28,087		28,317		28,132
Provision (benefit) for credit losses		3,525		(33)		(70)		260
Noninterest income		8,045		7,762		8,013		6,579
Noninterest expense		24,136		22,562		22,968		22,992
Net income before taxes		8,254		13,320		13,432		11,459
Provision for taxes		1,964		3,435		3,513		2,709
Net income	$	6,290	$	9,885	$	9,919	$	8,750
Diluted earnings per share	$	0.43	$	0.68	$	0.67	$	0.58
Cash dividend per share	$	0.23	$	0.23	$	0.23	$	0.23

	2022 Quarter Ended
	December 31,		September 30,		June 30,		March 31,
Interest income	$	35,603	$	31,929	$	28,206	$	26,081
Interest expense		6,240		3,017		1,621		1,325
Net interest income		29,363		28,912		26,585		24,756
Provision for credit losses		6,483		1,259		2,419		600
Noninterest income		7,656		6,612		10,539		6,063
Noninterest expense		21,522		20,996		22,213		20,079
Net income before taxes		9,014		13,269		12,492		10,140
Provision for taxes		1,901		3,334		3,288		2,733
Net income	$	7,113	$	9,935	$	9,204	$	7,407
Diluted earnings per share	$	0.47	$	0.66	$	0.62	$	0.49
Cash dividend per share	$	0.23	$	0.23	$	0.23	$	0.23