Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Changes in Goodwill

The following table summarizes the changes in goodwill during the year ended December 31, 2021, 2020, and 2019.

	For the Years Ended
(Dollars in thousands)	December 31,
	2021		2020
Goodwill balance, beginning of year	$	62,840	$	62,840
Goodwill resulting from acquisition of Riverview		50,995		—
Goodwill balance, end of year	$	113,835	$	62,840

Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes

The components of accumulated other comprehensive income (loss), net of taxes, are as follows:

(Dollars in thousands)	Unrealized Loss on Securities			Defined Benefit Plan			Accumulated Other Comprehensive Income (Loss)
Balance - December 31, 2021	$	(255	)	$	413		$	158
Balance - December 31, 2020	$	(3	)	$	(54	)	$	(57	)
Balance - December 31, 2019	$	(128	)	$	471		$	343

Basic and Diluted Earnings Per Common Share

The following data show the amounts used in computing basic and diluted earnings per common share.

(Dollars in thousands, except per share data)
	2021		2020		2019
Net income	$	29,319	$	26,209	$	17,701
Weighted average shares outstanding (basic)		10,806,009		8,439,427		8,468,586
Effect of dilutive unvested restricted stock grants		13,570		3,665		23,487
Weighted average shares outstanding (diluted)		10,819,579		8,443,092		8,492,073
Basic earnings per common share	$	2.71	$	3.11	$	2.09
Diluted earnings per common share	$	2.71	$	3.10	$	2.09

Core Deposit Intangible [Member]

Summary of Changes in Intangibles

The following table summarizes the changes in core deposit intangible during the years ended December 31, 2021, 2020, and 2019.

	For the Years Ended
(Dollars in thousands)	December 31,
	2021		2020		2019
Core deposit intangible balance, beginning of year	$	4,311	$	5,526	$	6,893
Core deposit intangible resulting from acquisition of Riverview		4,096		—		—
Amortization of core deposit intangibles		1,125		1,215		1,367
Core deposit and other intangible balances, end of year	$	7,282	$	4,311	$	5,526

Customer Lists Intangible [Member]

Summary of Changes in Intangibles

The following table summarizes the changes in the customer list intangible during the years ended December 31, 2021, 2020, and 2019.

	For the Years Ended
(Dollars in thousands)	December 31,
	2021		2020		2019
Customer list intangible balance, beginning of year	$	—	$	—	$	—
Customer list intangible resulting from acquisition of Riverview		2,160		—		—
Amortization of customer list intangible		33		—		—
Customer list intangible, end of year	$	2,127	$	—	$	—