Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

15. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following tables summarize the unaudited condensed consolidated results of operations for each of the quarters during the years ended December 31, 2021 and 2020.

	Quarterly Operating Results - 2021
(Dollars in thousands, except per share data)	Q1		Q2			Q3		Q4
Interest income	$	15,032	$	15,179		$	15,539	$	15,543
Interest expense		1,696		1,593			1,698		1,576
Net interest income		13,336		13,586			13,841		13,967
Provision for loan losses		300		(1,100	)		300		504
Net interest income after provision for loan losses		13,036		14,686			13,541		13,463
Non-interest income		921		956			1,302		994
Non-interest expense		10,080		9,835			10,513		10,009
Income before provision for income taxes		3,877		5,807			4,330		4,448
Provision for income taxes		1,068		1,645			1,114		1,267
Net income	$	2,809	$	4,162		$	3,216	$	3,181
Basic earnings per common share	$	0.34	$	0.51		$	0.39	$	0.39
Diluted earnings per common share	$	0.34	$	0.50		$	0.39	$	0.38
	Quarterly Operating Results - 2020
(Dollars in thousands, except per share data)	Q1		Q2			Q3		Q4
Interest income	$	12,303	$	12,781		$	13,188	$	14,747
Interest expense		2,121		1,996			2,000		1,985
Net interest income		10,182		10,785			11,188		12,762
Provision for loan losses		400		2,930			850		700
Net interest income after provision for loan losses		9,782		7,855			10,338		12,062
Non-interest income		1,290		777			1,028		917
Non-interest expense		10,407		6,440			10,545		10,417
Income before provision for income taxes		665		2,192			821		2,562
Provision for income taxes		192		642			326		777
Net income	$	473	$	1,550		$	495	$	1,785
Basic earnings per common share	$	0.06	$	0.19		$	0.06	$	0.22
Diluted earnings per common share	$	0.06	$	0.19		$	0.06	$	0.22