2022 Q1 Form 10-Q Financial Statement

#000143774922012639 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $15.89M $12.73M
YoY Change 24.88% -1.1%
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 $1.191M $1.450M $1.040M
YoY Change 14.52% -3725.0% -0.95%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $359.0K $681.0K
YoY Change -47.28% -69.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.410M $3.320M $5.288M
YoY Change -54.43% -5.14% 42.76%
Income Tax $275.0K $10.00K $745.0K
% Of Pretax Income 11.41% 0.3% 14.09%
Net Earnings $2.135M $3.310M $4.543M
YoY Change -53.0% 0.91% 45.94%
Net Earnings / Revenue 13.43% 35.7%
Basic Earnings Per Share $0.53 $1.31
Diluted Earnings Per Share $0.53 $951.1K $1.31
COMMON SHARES
Basic Shares Outstanding 4.021M 3.479M 3.472M
Diluted Shares Outstanding 4.021M 3.472M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $54.50M $33.18M $68.01M
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 $45.77M $31.39M $30.56M
YoY Change 49.77% 1.95% 5.66%
Goodwill $22.80M $11.10M $11.10M
YoY Change 105.41% -0.08% -0.08%
Intangibles $5.998M $3.126M $3.871M
YoY Change 54.95% -24.11%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.098B $1.621B $1.557B
YoY Change 34.76% 8.32% 15.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $21.75M $15.30M $24.00M
YoY Change -9.36% -31.7% 37.93%
Deferred Revenue
YoY Change
Short-Term Debt $23.24M $14.60M $15.90M
YoY Change 46.16% 6.57% 22.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.75M $15.30M $24.00M
YoY Change -9.36% -31.7% 37.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.75M $15.30M $24.00M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.940B $1.464B $1.407B
YoY Change 37.94% 8.89% 16.32%
SHAREHOLDERS EQUITY
Retained Earnings $122.7M $121.9M $116.1M
YoY Change 5.7% 9.57% 13.48%
Common Stock $68.39M $30.43M $30.07M
YoY Change 127.46% 1.48% 1.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $157.6M $156.6M $148.8M
YoY Change
Total Liabilities & Shareholders Equity $2.098B $1.621B $1.557B
YoY Change 34.76% 8.32% 15.32%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $2.135M $3.310M $4.543M
YoY Change -53.0% 0.91% 45.94%
Depreciation, Depletion And Amortization $1.191M $1.450M $1.040M
YoY Change 14.52% -3725.0% -0.95%
Cash From Operating Activities $722.0K $480.0K $16.39M
YoY Change -95.6% -74.6% 75.07%
INVESTING ACTIVITIES
Capital Expenditures $1.219M -$2.110M $379.0K
YoY Change 221.64% 27.88% 89.5%
Acquisitions -$33.80M $0.00
YoY Change
Other Investing Activities $28.38M -$14.61M -$27.35M
YoY Change -203.76% -80.31% 24.49%
Cash From Investing Activities $27.16M -$16.73M -$27.58M
YoY Change -198.48% -77.95% 24.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.556M 17.65M $59.27M
YoY Change -111.06% 86.97% 670.34%
NET CHANGE
Cash From Operating Activities $722.0K 480.0K $16.39M
Cash From Investing Activities $27.16M -16.73M -$27.58M
Cash From Financing Activities -$6.556M 17.65M $59.27M
Net Change In Cash $21.33M 1.400M $48.09M
YoY Change -55.65% -102.17% -1040.67%
FREE CASH FLOW
Cash From Operating Activities $722.0K $480.0K $16.39M
Capital Expenditures $1.219M -$2.110M $379.0K
Free Cash Flow -$497.0K $2.590M $16.02M
YoY Change -103.1% -26.84% 74.76%

Facts In Submission

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CY2022Q1 us-gaap Proceeds From Loans
ProceedsFromLoans
19760000 USD
CY2021Q1 us-gaap Proceeds From Loans
ProceedsFromLoans
57876000 USD
CY2022Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1191000 USD
CY2021Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1043000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
169000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
146000 USD
CY2022Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
381000 USD
CY2021Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
417000 USD
CY2022Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
582000 USD
CY2021Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
2026000 USD
CY2022Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-0 USD
CY2021Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-9000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-33799000 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
578000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1983000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
284000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
25000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
23000 USD
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1504000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2643000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-5150000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1558000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
722000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16394000 USD
CY2022Q1 fnwd Proceeds From Maturities Of Certificates Of Deposit In Other Financial Institutions
ProceedsFromMaturitiesOfCertificatesOfDepositInOtherFinancialInstitutions
223000 USD
CY2021Q1 fnwd Proceeds From Maturities Of Certificates Of Deposit In Other Financial Institutions
ProceedsFromMaturitiesOfCertificatesOfDepositInOtherFinancialInstitutions
423000 USD
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
9225000 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
27287000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
16236000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
6904000 USD
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10724000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
54540000 USD
CY2022Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
314000 USD
CY2021Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2022Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
20094000 USD
CY2021Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
4331000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
1512000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
0 USD
CY2022Q1 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2113000 USD
CY2021Q1 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2989000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1219000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
379000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
48000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
27159000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27577000 USD
CY2022Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-14025000 USD
CY2021Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
64355000 USD
CY2022Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
-0 USD
CY2021Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
6000000 USD
CY2022Q1 fnwd Net Surrender Value Of Restricted Stock Awards
NetSurrenderValueOfRestrictedStockAwards
115000 USD
CY2021Q1 fnwd Net Surrender Value Of Restricted Stock Awards
NetSurrenderValueOfRestrictedStockAwards
68000 USD
CY2022Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
8663000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
2057000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1079000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1074000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6556000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59270000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21325000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
48087000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33176000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
19922000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
54501000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
68009000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
339000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
690000 USD
CY2022Q1 fnwd Noncash Or Part Noncash Acquisition Value Of Assets Acquired Excluding Goodwill And Intangible Assets
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquiredExcludingGoodwillAndIntangibleAssets
528083000 USD
CY2021Q1 fnwd Noncash Or Part Noncash Acquisition Value Of Assets Acquired Excluding Goodwill And Intangible Assets
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquiredExcludingGoodwillAndIntangibleAssets
0 USD
CY2022Q1 fnwd Noncash Or Part Noncash Acquisition Goodwill And Intangible Assets Acquired
NoncashOrPartNoncashAcquisitionGoodwillAndIntangibleAssetsAcquired
14884000 USD
CY2021Q1 fnwd Noncash Or Part Noncash Acquisition Goodwill And Intangible Assets Acquired
NoncashOrPartNoncashAcquisitionGoodwillAndIntangibleAssetsAcquired
0 USD
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
486340000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
18725000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2022Q1 us-gaap Stock Issued1
StockIssued1
37902000 USD
CY2021Q1 us-gaap Stock Issued1
StockIssued1
0 USD
CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1331000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1079000 USD
CY2022Q1 fnwd Securities Purchased Not Settled
SecuritiesPurchasedNotSettled
0 USD
CY2021Q1 fnwd Securities Purchased Not Settled
SecuritiesPurchasedNotSettled
1765000 USD
CY2022Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Note <em style="font: inherit;">1</em> - Basis of Presentation</b></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 18pt;">The consolidated financial statements include the accounts of Finward Bancorp (the “Bancorp” or “FNWD”), its wholly-owned subsidiaries NWIN Risk Management, Inc. (a captive insurance subsidiary) and Peoples Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries, Peoples Service Corporation, NWIN, LLC, NWIN Funding, Incorporated, <em style="font: inherit;">1683</em> Real Estate LLC, and Columbia Development Company, LLC. The Bancorp’s business activities include being a holding company for the Bank as well as a holding company for NWIN Risk Management, Inc. The Bancorp’s earnings are primarily dependent upon the earnings of the Bank. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form <em style="font: inherit;">10</em>-Q and, therefore, do <em style="font: inherit;">not</em> include all disclosures required by U.S. generally accepted accounting principles for complete presentation of consolidated financial statements. In the opinion of management, the consolidated financial statements contain all adjustments necessary to present fairly the consolidated balance sheets of the Bancorp as of <em style="font: inherit;"> March 31, 2022, </em>and <em style="font: inherit;"> December 31, 2021, </em>and the consolidated statements of income, comprehensive income (loss), changes in stockholders’ equity, and consolidated statements of cash flows for the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> March 31, 2022, </em>and <em style="font: inherit;">2021.</em> The income reported for the <em style="font: inherit;">three</em> month period ended <em style="font: inherit;"> March 31, 2022, </em>is <em style="font: inherit;">not</em> necessarily indicative of the results to be expected for the full year.</p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;">The Notes to the Consolidated Financial Statements appearing in Finward Bancorp’s Annual Report on Form <em style="font: inherit;">10</em>-K (<em style="font: inherit;">2021</em> Annual Report), which include descriptions of significant accounting policies, should be read in conjunction with these interim financial statements. The Consolidated Balance Sheet at <em style="font: inherit;"> December 31, 2021 </em>has been derived from the audited financial statements at that date but does <em style="font: inherit;">not</em> include all of the information and footnotes required by GAAP for complete financial statements. Certain amounts in the prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications had <em style="font: inherit;">no</em> effect on net income.</p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"><i>Revision of Previously Issued Financial Statements</i></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;">We have revised amounts reported in previously issued financial statements for the periods presented in this Quarterly Report on Form <em style="font: inherit;">10</em>-Q related to immaterial errors discovered during the <em style="font: inherit;">second</em> quarter of <em style="font: inherit;">2021.</em> The errors relate to certain deferred costs booked related to our manufactured home loan product, which resulted in increased assets and understatements of expense in prior periods.</p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;">We evaluated the aggregate effects of the errors to our previously issued financial statements in accordance with SEC Staff Accounting Bulletins <em style="font: inherit;">No.</em> <em style="font: inherit;">99</em> and <em style="font: inherit;">No.</em> <em style="font: inherit;">108</em> and, based upon quantitative and qualitative factors, determined that the errors were <em style="font: inherit;">not</em> material to the previously issued financial statements and disclosures included in our Quarterly Report on Form <em style="font: inherit;">10</em>-Q for the quarterly period ended <em style="font: inherit;"> March 31, 2021.</em></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;">The following tables present the revisions to the line items of our previously issued financial statements to reflect the correction of the errors:</p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 63pt;"><b><span style="text-decoration: underline; ">Consolidated Statement of Income</span></b></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; width: 90%; font-size: 10pt; font-family: Arial; text-indent: 0px; margin-left: 63pt;"><tbody><tr style="vertical-align: bottom; font-family: Arial;"><td style="font-family: Arial; font-size: 10pt; width: 49%;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><b>For the three months ending March 31, 2021</b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Reported</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>Adjustment</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Revised</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Compensation and benefits</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">5,530</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">155</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">5,685</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Total noninterest expense</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">10,338</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;">155</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">10,493</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Income before income tax expense</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">5,443</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;">(155</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">5,288</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Income tax expenses</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">764</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;">(19</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">745</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net income</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,679</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;">(136</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,543</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Earnings per common share:</p> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Basic</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">1.35</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(0.04</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">1.31</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Diluted</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">1.35</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(0.04</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">1.31</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> </tbody></table> <p style="margin: 0pt; font-family: Arial;"> </p> <p style="margin: 0pt 0pt 0pt 63pt; font-family: Arial;"><b><span style="text-decoration: underline; ">Consolidated Statements of Comprehensive Income (Loss)</span></b></p> <p style="margin: 0pt; font-family: Arial;"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; width: 90%; font-size: 10pt; font-family: Arial; text-indent: 0px; margin-left: 63pt;"><tbody><tr style="vertical-align: bottom; font-family: Arial;"><td style="font-family: Arial; font-size: 10pt; width: 49%;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><b>For the three months ending March 31, 2021</b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Reported</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>Adjustment</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Revised</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net income</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,679</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(136</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,543</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Comprehensive income, net of tax</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(1,782</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(136</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(1,918</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td></tr> </tbody></table> <p style="margin: 0pt; font-family: Arial;"> </p> <p style="margin: 0pt 0pt 0pt 63pt; font-family: Arial;"><b><span style="text-decoration: underline; ">Consolidated Statements of Changes in Stockholders' Equity</span></b></p> <p style="margin: 0pt; font-family: Arial;"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; width: 90%; font-size: 10pt; font-family: Arial; text-indent: 0px; margin-left: 63pt;"><tbody><tr style="vertical-align: bottom; font-family: Arial;"><td style="font-family: Arial; font-size: 10pt; width: 49%;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><b>Balance at January 1, 2021</b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Reported</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>Adjustment</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Revised</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Retained earnings</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">112,494</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(1,233</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">111,261</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Total equity</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">152,922</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(1,233</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">151,689</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td><td style="font-family: Arial;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><b>For the three months ending March 31, 2021</b></p> </td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"> </td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td><td style="font-family: Arial; font-size: 10pt;"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net income</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,679</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(136</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,543</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Retained earnings</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">116,094</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(1,369</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">114,725</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Total equity</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">150,139</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(1,369</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">148,770</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> </tbody></table> <p style="margin: 0pt; font-family: Arial;"> </p> <p style="margin: 0pt 0pt 0pt 63pt; font-family: Arial;"><b><span style="text-decoration: underline; ">Consolidated Statements of Cash Flows</span></b></p> <p style="margin: 0pt; font-family: Arial;"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; width: 90%; font-size: 10pt; font-family: Arial; text-indent: 0px; margin-left: 63pt;"><tbody><tr style="vertical-align: bottom; font-family: Arial;"><td style="font-family: Arial; font-size: 10pt; width: 49%;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><b>For the three months ending March 31, 2021</b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Reported</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>Adjustment</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><b>As Revised</b></b></p> </td><td style="font-family: Arial; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net income</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,679</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(136</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">4,543</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net change in other assets</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">2,662</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(19</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">2,643</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net cash - operating activities</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">16,549</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(155</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">16,394</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net change in loan</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(4,486</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">155</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(4,331</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-family: Arial;"><td style="font-family: Arial; font-size: 10pt;"> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net cash - investing activities</p> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(27,732</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">155</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td><td style="width: 14%; font-family: Arial; font-size: 10pt; margin-left: 0pt; text-align: right;">(27,577</td><td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td></tr> </tbody></table>
CY2021Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5685000 USD
CY2021Q1 us-gaap Noninterest Expense
NoninterestExpense
10493000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5288000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
745000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4543000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.31
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4543000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1918000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
151689000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4543000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
148770000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4543000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2643000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16394000 USD
CY2021Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
4331000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27577000 USD
CY2022Q1 us-gaap Share Price
SharePrice
47.75
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
506686000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1772000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
44138000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
464320000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
521485000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
10865000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5461000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
526889000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
389000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
390000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1759000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1763000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
30204000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
29468000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
295903000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
268576000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
178431000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
164123000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
506686000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
464320000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
390000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Maturity Within One Year Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityWithinOneYearWeightedAverageYield
0.0243 pure
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1763000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Maturity After One Through Five Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterOneThroughFiveYearsWeightedAverageYield
0.0413 pure
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
29468000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Maturity After Five Through Ten Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterFiveThroughTenYearsWeightedAverageYield
0.0285 pure
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
268576000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Maturity After10 Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfter10YearsWeightedAverageYield
0.0287 pure
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
300197000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
16236000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
6904000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
397000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
417000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
16000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
-0 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4276000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-37738000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-33462000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
332214000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
35046000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
72560000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
9092000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
404774000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
44138000 USD
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FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
684000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
12659000 USD
CY2022Q1 fnwd Debt Securities Availableforsale Continuous Unrealized Loss Position Percentage Of Total Portfolio
DebtSecuritiesAvailableforsaleContinuousUnrealizedLossPositionPercentageOfTotalPortfolio
0.872 pure
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
384 pure
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
33 pure
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
417 pure
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
205351000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3916000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
9101000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1545000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
214452000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
5461000 USD
CY2021Q4 fnwd Debt Securities Availableforsale Continuous Unrealized Loss Position Percentage Of Total Portfolio
DebtSecuritiesAvailableforsaleContinuousUnrealizedLossPositionPercentageOfTotalPortfolio
0.407 pure
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
133 pure
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
5 pure
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
138 pure
CY2022Q1 us-gaap Mortgage Loans On Real Estate
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1272489000 USD
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
796907000 USD
CY2022Q1 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1432621000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
960139000 USD
CY2022Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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6700000 USD
CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
6810000 USD
CY2022Q1 fnwd Loans And Leases Receivable Loans In Process Increase Reduction
LoansAndLeasesReceivableLoansInProcessIncreaseReduction
-407000 USD
CY2021Q4 fnwd Loans And Leases Receivable Loans In Process Increase Reduction
LoansAndLeasesReceivableLoansInProcessIncreaseReduction
229000 USD
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1439728000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
966720000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13343000 USD
CY2022Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
10000 USD
CY2022Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
54000 USD
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13387000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12458000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
11000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
22000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
578000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13047000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
720000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
12667000 USD
CY2022Q1 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1432621000 USD
CY2022Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2885000 USD
CY2022Q1 fnwd Financing Receivable Purchased Credit Impaired Individually Evaluated For Impairment
FinancingReceivablePurchasedCreditImpairedIndividuallyEvaluatedForImpairment
11195000 USD
CY2022Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1418541000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
960139000 USD
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
3026000 USD
CY2021Q4 fnwd Financing Receivable Purchased Credit Impaired Individually Evaluated For Impairment
FinancingReceivablePurchasedCreditImpairedIndividuallyEvaluatedForImpairment
2782000 USD
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
954331000 USD
CY2022Q1 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1432621000 USD
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
494000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
960139000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
205000 USD
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8414000 USD
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7056000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
11100000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
22800000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2135000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4543000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4020815
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3471604
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.31
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2135000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4543000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4020815
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3471604
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4020815
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3471604
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
169000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
146000 USD
CY2022Q1 fnwd Share Based Compensation Expense Estimated Future Compensation Total
ShareBasedCompensationExpenseEstimatedFutureCompensationTotal
1600 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
44235
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
42.33
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
18891
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
47.96
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
5156000 USD
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
4990000 USD
CY2021Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
2827000 USD
CY2021Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
2686000 USD
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
25000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
10000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
5156000 USD
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
10863
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
41.56
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
513
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
44.17
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
51750
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
44.53
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2022Q1 us-gaap Derivative Assets
DerivativeAssets
5156000 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2022Q1 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
5156000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2827000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
2827000 USD
CY2021Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
2827000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4990000 USD
CY2022Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
4990000 USD
CY2022Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2022Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
3930000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
1060000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
2686000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2686000 USD
CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
3930000 USD
CY2021Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
1244000 USD
CY2021 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2021Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
173000 USD
CY2022Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2022Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
173000 USD

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