SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

($ in thousands, except per share amounts)	March 31		June 30		Sept. 30		Dec. 31
2022
Total interest income	$	42,741	$	45,847	$	53,874	$	57,931
Total interest expense	4,102		3,746		4,726		10,003
Net interest income	$	38,639	$	42,101	$	49,148	$	47,928
Provision for credit losses	—		600		4,300		705
Net interest income after provision for credit losses	38,639		41,501		44,848		47,223
Total non-interest income	11,157		8,664		9,022		8,118
Total non-interest expense	28,590		30,955		35,903		35,035
Income tax expense	4,377		3,457		3,924		4,012
Net income available to common stockholders	$	16,829	$	15,753	$	14,043	$	16,294
Per common share:
Net income, basic	$	0.81	$	0.77	$	0.61	$	0.68
Net income, diluted	0.81		0.76		0.61		0.67
Cash dividends declared	0.17		0.18		0.19		0.20
2021
Total interest income	$	45,187	$	43,238	$	44,435	$	43,885
Total interest expense	5,958		5,188		4,407		4,128
Net interest income	$	39,229	$	38,050	$	40,028	$	39,757
Provision for credit losses	—		—		—		(1,104)
Net interest income after provision for credit losses	39,229		38,050		40,028		40,861
Total non-interest income	9,472		8,822		9,586		9,593
Total non-interest expense	27,264		27,452		29,053		30,790
Income tax expense	4,793		3,820		4,429		3,873
Net income available to common stockholders	$	16,644	$	15,600	$	16,132	$	15,791
Per common share:
Net income, basic	$	0.79	$	0.74	$	0.77	$	0.75
Net income, diluted	0.79		0.74		0.76		0.75
Cash dividends declared	0.13		0.14		0.15		0.16
2020
Total interest income	$	41,598	$	45,799	$	46,338	$	45,613
Total interest expense	7,533		6,619		6,365		6,147
Net interest income	$	34,065	$	39,180	$	39,973	$	39,466
Provision for loan losses	7,102		7,606		6,921		3,522
Net interest income after provision for loan losses	26,963		31,574		33,052		35,944
Total non-interest income	6,474		15,680		8,794		10,928
Total non-interest expense	23,439		28,070		26,936		27,896
Income tax expense	1,687		2,241		2,993		3,642
Net income available to common stockholders	$	8,311	$	16,943	$	11,917	$	15,334
Per common share:
Net income, basic	$	0.44	$	0.79	$	0.56	$	0.72
Net income, diluted	0.44		0.79		0.55		0.72
Cash dividends declared	0.10		0.10		0.10		0.12