Quarterly Results of Operations (unaudited)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited)

Quarterly Results of Operations (unaudited)

	Three Months Ended
	December 31		September 30		June 30		March 31
(in thousands, except per share amounts)
2023
Interest income	$	65,386	$	63,572	$	61,350	$	59,305
Interest expense	32,827		28,997		24,388		19,229
Net interest income	32,559		34,575		36,962		40,076
Credit loss expense	1,768		1,551		1,597		933
Noninterest income (loss)	3,862		9,861		8,746		(4,046)
Noninterest expense	32,131		31,544		34,919		33,319
Income before income taxes	2,522		11,341		9,192		1,778
Income tax (benefit) expense	(208)		2,203		1,598		381
Net income	$	2,730	$	9,138	$	7,594	$	1,397
Earnings per common share
Basic	$	0.17	$	0.58	$	0.48	$	0.09
Diluted	$	0.17	$	0.58	$	0.48	$	0.09
2022
Interest income	$	56,757	$	53,421	$	44,729	$	41,852
Interest expense	13,193		7,688		5,004		4,516
Net interest income	43,564		45,733		39,725		37,336
Credit loss expense	572		638		3,282		—
Noninterest income	10,940		12,588		12,347		11,644
Noninterest expense	34,440		34,623		32,082		31,643
Income before income tax expense	19,492		23,060		16,708		17,337
Income tax expense	3,490		4,743		4,087		3,442
Net income	$	16,002	$	18,317	$	12,621	$	13,895
Earnings per common share
Basic	$	1.02	$	1.17	$	0.81	$	0.89
Diluted	$	1.02	$	1.17	$	0.80	$	0.88