Quarterly Financial Results (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Results (Unaudited)

NOTE 25 – QUARTERLY FINANCIAL RESULTS (UNAUDITED)

The following is a summary of quarterly financial results (unaudited) for 2021, 2020 and 2019:

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2021
Interest income	$	24,278		$	24,832		$	24,690		$	24,659
Interest expense		2,096			1,800			1,726			1,667
Net interest income		22,182			23,032			22,964			22,992
Provision for loan losses		650			(1,065	)		—			(651	)
Net interest income after provision for loan losses		21,532			24,097			22,964			23,643
Noninterest income		10,014			9,883			11,651			11,133
Noninterest expense		17,413			19,080			18,366			18,682
Net income before income tax expense		14,133			14,900			16,249			16,094
Income tax expense		3,103			2,824			3,147			3,625
Net income	$	11,030		$	12,076		$	13,102		$	12,469
Net income per share, basic	$	0.50		$	0.55		$	0.59		$	0.56
Net income per share, diluted	$	0.50		$	0.54		$	0.59		$	0.56
2020
Interest income	$	21,738		$	20,741		$	24,642		$	24,731
Interest expense		5,077			3,066			4,986			2,400
Net interest income		16,661			17,675			19,656			22,331
Provision for loan losses		7,553			1,624			2,119			184
Net interest income after provision for loan losses		9,108			16,051			17,537			22,147
Noninterest income		5,874			10,823			14,804			11,748
Noninterest expense		14,211			18,934			22,739			21,478
Net income before income tax expense		771			7,940			9,602			12,417
Income tax expense (benefit)		(575	)		1,759			2,115			2,736
Net income	$	1,346		$	6,181		$	7,487		$	9,681
Net income per share, basic	$	0.07		$	0.34		$	0.34		$	0.44
Net income per share, diluted	$	0.07		$	0.34		$	0.34		$	0.44
2019
Interest income	$	22,967		$	23,158		$	23,216		$	22,205
Interest expense		5,965			6,150			6,060			5,624
Net interest income		17,002			17,008			17,156			16,581
Provision for loan losses		886			—			(125	)		—
Net interest income after provision for loan losses		16,116			17,008			17,281			16,581
Noninterest income		4,735			7,032			6,788			5,719
Noninterest expense		14,725			16,470			15,531			15,266
Net income before income tax expense		6,126			7,570			8,538			7,034
Income tax expense		1,346			1,814			2,072			1,613
Net income	$	4,780		$	5,756		$	6,466		$	5,421
Net income per share, basic	$	0.27		$	0.33		$	0.36		$	0.30
Net income per share, diluted	$	0.25		$	0.31		$	0.35		$	0.29