2022 Q1 Form 10-Q Financial Statement

#000156459022018468 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $30.14M $18.36M
YoY Change 64.19% 39.92%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $419.0K $416.0K
YoY Change 0.72% 34.63%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $874.0K $1.043M
YoY Change -16.2% -40.6%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.897M $7.590M
YoY Change 4.04% 120.77%
Income Tax $1.667M $1.572M
% Of Pretax Income 21.11% 20.71%
Net Earnings $6.230M $6.018M
YoY Change 3.52% 120.93%
Net Earnings / Revenue 20.67% 32.78%
Basic Earnings Per Share $0.48 $0.50
Diluted Earnings Per Share $0.46 $0.49
COMMON SHARES
Basic Shares Outstanding 12.90M 11.96M
Diluted Shares Outstanding 13.48M 12.39M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $682.1M $16.84M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.97M $24.10M
YoY Change -0.54% 7.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.892M $3.800M
YoY Change 81.37% 40.74%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.834B $2.029B
YoY Change 39.63% 71.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $149.0K $500.0K
YoY Change -70.2% 66.67%
Accrued Expenses $6.054M $7.100M
YoY Change -14.73% -15.48%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.203M $7.600M
YoY Change -18.38% -12.64%
LONG-TERM LIABILITIES
Long-Term Debt $27.89M $172.1M
YoY Change -83.79% 1165.44%
Other Long-Term Liabilities $15.26M $6.200M
YoY Change 146.19% 34.78%
Total Long-Term Liabilities $43.16M $178.3M
YoY Change -75.8% 879.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.203M $7.600M
Total Long-Term Liabilities $43.16M $178.3M
Total Liabilities $2.626B $1.883B
YoY Change 39.48% 78.12%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $207.9M $146.7M
YoY Change
Total Liabilities & Shareholders Equity $2.834B $2.029B
YoY Change 39.63% 71.39%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $6.230M $6.018M
YoY Change 3.52% 120.93%
Depreciation, Depletion And Amortization $419.0K $416.0K
YoY Change 0.72% 34.63%
Cash From Operating Activities $7.982M $8.441M
YoY Change -5.44% 68.18%
INVESTING ACTIVITIES
Capital Expenditures $1.300M -$500.0K
YoY Change -360.0% -135.74%
Acquisitions
YoY Change
Other Investing Activities -$176.4M -$265.4M
YoY Change -33.55% 210.22%
Cash From Investing Activities -$177.7M -$265.9M
YoY Change -33.19% 205.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 187.9M 255.4M
YoY Change -26.42% 389.61%
NET CHANGE
Cash From Operating Activities 7.982M 8.441M
Cash From Investing Activities -177.7M -265.9M
Cash From Financing Activities 187.9M 255.4M
Net Change In Cash 18.21M -2.123M
YoY Change -957.7% -92.87%
FREE CASH FLOW
Cash From Operating Activities $7.982M $8.441M
Capital Expenditures $1.300M -$500.0K
Free Cash Flow $6.682M $8.941M
YoY Change -25.27% 146.99%

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DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
350000
CY2022Q1 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Less Than12 Months Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionLessThan12MonthsFairValue
120414000
CY2022Q1 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
373000
CY2022Q1 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionFairValue
120414000
CY2022Q1 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionAccumulatedLoss
373000
CY2022Q1 us-gaap Maturity Of Time Deposits
MaturityOfTimeDeposits
P1Y
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1970973000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1751501000
CY2022Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
6764000
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
8766000
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1964209000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1742735000
CY2022Q1 us-gaap Bank Overdrafts
BankOverdrafts
578000
CY2021Q4 us-gaap Bank Overdrafts
BankOverdrafts
1300000
CY2022Q1 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
179200000
CY2021Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
183500000
CY2022Q1 ck1437958 Small Business Administration And United States Department Of Agriculture Loans And Participations Sold And Serviced
SmallBusinessAdministrationAndUnitedStatesDepartmentOfAgricultureLoansAndParticipationsSoldAndServiced
17700000
CY2021Q4 ck1437958 Small Business Administration And United States Department Of Agriculture Loans And Participations Sold And Serviced
SmallBusinessAdministrationAndUnitedStatesDepartmentOfAgricultureLoansAndParticipationsSoldAndServiced
19300000
CY2022Q1 ck1437958 Main Street Lending Program Loans And Participations Serviced
MainStreetLendingProgramLoansAndParticipationsServiced
58000000.0
CY2021Q4 ck1437958 Main Street Lending Program Loans And Participations Serviced
MainStreetLendingProgramLoansAndParticipationsServiced
56300000
CY2022Q1 ck1437958 Amount Of Loans Purchased With Remaining Balances
AmountOfLoansPurchasedWithRemainingBalances
11800000
CY2021Q4 ck1437958 Amount Of Loans Purchased With Remaining Balances
AmountOfLoansPurchasedWithRemainingBalances
12800000
CY2022Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
201000
CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
223000
CY2022Q1 ck1437958 Purchased Participation Loans With Remaining Balances
PurchasedParticipationLoansWithRemainingBalances
26100000
CY2021Q4 ck1437958 Purchased Participation Loans With Remaining Balances
PurchasedParticipationLoansWithRemainingBalances
27900000
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1970973000
CY2022Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
2161000
CY2022Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
6764000
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1964209000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1751501000
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1506000
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
8766000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1742735000
CY2022Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
208000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
55000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
129000
CY2022Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
184000
CY2022Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
101000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
242000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
55000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
166000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
221000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
132000
CY2022Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
203000
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
625000
CY2022Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2022Q1 ck1437958 Additional Funds To Borrowers With Troubled Debt Restructurings
AdditionalFundsToBorrowersWithTroubledDebtRestructurings
0
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
0
CY2022Q1 ck1437958 Accrual Of Interest Description
AccrualOfInterestDescription
Generally, the accrual of interest on community bank loans is discontinued when, in management’s opinion, the borrower may be unable to meet payments as they become due or when they are 90 days past due as to either principal or interest, unless they are well secured and in the process of collection.  Installment/closed-end, and revolving/open-end consumer loans originated by CCBX lending partners will continue to accrue interest until 120 and 180 days past due, respectively. For these loans, an allowance is recorded through provision expense for probable incurred losses. Any principal and interest outstanding on revolving/open-end loans at greater than 180 days past due is charged off against the allowance.  Any accrued interest outstanding on installment/closed-end loans at 120 days past due is reversed against the accrued interest allowance.  These consumer loans are reported out as substandard, 90+ days past due and still accruing.
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1970973000
CY2022Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
6764000
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1964209000
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
184000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
221000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1751501000
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
8766000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1742735000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
28632000
CY2022Q1 ck1437958 Provision For Loan And Lease Losses Or Recapture
ProvisionForLoanAndLeaseLossesOrRecapture
-12942000
CY2022Q1 ck1437958 Loans And Leases Receivable Allowance Including Provision Losses Or Recapture
LoansAndLeasesReceivableAllowanceIncludingProvisionLossesOrRecapture
41574000
CY2022Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
2808000
CY2022Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
4000
CY2022Q1 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
2804000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
38770000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
101000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
38669000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
38770000
CY2022Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
184000
CY2022Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1970789000
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1970973000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
19262000
CY2021Q1 ck1437958 Provision For Loan And Lease Losses Or Recapture
ProvisionForLoanAndLeaseLossesOrRecapture
-357000
CY2021Q1 ck1437958 Loans And Leases Receivable Allowance Including Provision Losses Or Recapture
LoansAndLeasesReceivableAllowanceIncludingProvisionLossesOrRecapture
19619000
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
18000
CY2021Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
9000
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
9000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
19610000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
118000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
19492000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
19610000
CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
661000
CY2021Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1784373000
CY2021Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1785034000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
132000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
28500000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
28632000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
221000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1751280000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1751501000
CY2022Q1 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
838044000
CY2021Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
1355908000
CY2022Q1 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
1516546000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
967000
CY2021Q4 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
789709000
CY2022Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
106364000
CY2021Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
103956000
CY2022Q1 ck1437958 Core Deposits
CoreDeposits
2460954000
CY2021Q4 ck1437958 Core Deposits
CoreDeposits
2249573000
CY2022Q1 us-gaap Noninterest Bearing Domestic Deposit Brokered
NoninterestBearingDomesticDepositBrokered
75145000
CY2021Q4 us-gaap Noninterest Bearing Domestic Deposit Brokered
NoninterestBearingDomesticDepositBrokered
70757000
CY2022Q1 ck1437958 Time Deposits Less Than250000
TimeDepositsLessThan250000
29200000
CY2021Q4 ck1437958 Time Deposits Less Than250000
TimeDepositsLessThan250000
31057000
CY2022Q1 ck1437958 Time Deposits250000 And Over
TimeDeposits250000AndOver
11171000
CY2021Q4 ck1437958 Time Deposits250000 And Over
TimeDeposits250000AndOver
12400000
CY2022Q1 us-gaap Deposits
Deposits
2576470000
CY2021Q4 us-gaap Deposits
Deposits
2363787000
CY2022Q1 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
31225000
CY2022Q1 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
5542000
CY2022Q1 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
1733000
CY2022Q1 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
1234000
CY2022Q1 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
637000
CY2022Q1 us-gaap Time Deposits
TimeDeposits
40371000
CY2022Q1 ck1437958 Number Of Operating Lease Renewed
NumberOfOperatingLeaseRenewed
0
CY2022Q1 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Operating lease terms include options to extend when it is reasonably certain that the Company will exercise such options, determined on a lease-by-lease basis
CY2022Q1 ck1437958 Lessee Operating Lease Lease Not Yet Commenced
LesseeOperatingLeaseLeaseNotYetCommenced
1000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
346000
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
341000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
962000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1272000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
864000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
714000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
719000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2490000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7021000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6054000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
6230000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
6018000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12898746
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11960772
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
576591
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
432721
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13475337
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12393493
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
320000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
321000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
41000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
34000
CY2022Q1 us-gaap Lease Cost
LeaseCost
361000
CY2021Q1 us-gaap Lease Cost
LeaseCost
355000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
358000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
352000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1100000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
357000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1400000
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2021Q1 us-gaap Noninterest Income
NoninterestIncome
2984000
CY2022Q1 us-gaap Noninterest Expense
NoninterestExpense
30415000
CY2021Q1 us-gaap Noninterest Expense
NoninterestExpense
12352000
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022Q1 us-gaap Assets
Assets
2833750000
CY2021Q4 us-gaap Assets
Assets
2635517000
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1964209000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1742735000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
38770000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
28632000
CY2022Q1 us-gaap Deposits
Deposits
2576470000
CY2021Q4 us-gaap Deposits
Deposits
2363787000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
29268000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17315000
CY2022Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
12942000
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
357000
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
21986000

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