Quarterly Condensed Statements of Income

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

Quarterly Condensed Statements of Income

NOTE 20. Quarterly Condensed Statements of Income - Unaudited

The Company’s quarterly net income, net income per common share and dividends per common share during 2022 and 2021 are summarized as follows:

	2022
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Total interest and dividend income	$	11,509	$	12,647	$	14,366	$	16,164
Net interest income after provision for loan losses		10,599		11,559		12,899		12,326
Noninterest income		3,243		3,849		3,164		3,089
Noninterest expenses		9,923		10,528		11,058		11,548
Income before income taxes		3,919		4,880		5,005		3,867
Net income		3,250		3,992		4,082		3,197
Net income per common share, basic		0.94		1.14		1.17		0.92
Net income per common share, diluted		0.94		1.14		1.17		0.92
Dividends per common share		0.28		0.28		0.29		0.30

	2021
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Total interest and dividend income	$	10,016	$	10,413	$	10,782	$	11,465
Net interest income after provision for loan losses		8,930		9,695		10,099		10,792
Noninterest income		2,427		2,650		2,881		3,362
Noninterest expenses		7,916		8,727		9,523		11,883
Income before income taxes		3,441		3,618		3,457		2,271
Net income		2,862		3,003		2,873		2,283
Net income per common share, basic		0.84		0.87		0.83		0.66
Net income per common share, diluted		0.84		0.87		0.83		0.66
Dividends per common share		0.27		0.27		0.28		0.28