{"id":725755,"date":"2023-01-25T09:06:02","date_gmt":"2023-01-25T14:06:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/"},"modified":"2023-01-25T09:06:02","modified_gmt":"2023-01-25T14:06:02","slug":"finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/","title":{"rendered":"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022"},"content":{"rendered":"
\n

MUNSTER, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) — Finward Bancorp (Nasdaq: FNWD) (the \u201cBancorp\u201d), the holding company for Peoples Bank (the \u201cBank\u201d), today announced that net income available to common shareholders was $15.1 million, or $3.60 per diluted share, for the twelve months ended December 31, 2022, as compared to $15.0 million, or $4.30 per diluted share, for the corresponding prior year period. For the quarter ended December 31, 2022, the Bancorp\u2019s net income totaled $4.0 million, or $0.93 per diluted share, as compared to $3.3 million, or $0.95 per diluted share, for the quarter ending December 31, 2021. Selected performance metrics are as follows for the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Finward Bancorp<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Quarterly Financial Report<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Performance Ratios<\/strong>\n <\/td>\n\u00a0<\/td>\nQuarter ended,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTwelve months ended,<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\nSeptember 30,<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on equity<\/td>\n\u00a0<\/td>\n12.96<\/td>\n%<\/td>\n\u00a0<\/td>\n13.65<\/td>\n%<\/td>\n\u00a0<\/td>\n12.45<\/td>\n%<\/td>\n\u00a0<\/td>\n5.01<\/td>\n%<\/td>\n\u00a0<\/td>\n8.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.47<\/td>\n%<\/td>\n\u00a0<\/td>\n9.61<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on assets<\/td>\n\u00a0<\/td>\n0.78<\/td>\n%<\/td>\n\u00a0<\/td>\n0.88<\/td>\n%<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n0.44<\/td>\n%<\/td>\n\u00a0<\/td>\n0.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.74<\/td>\n%<\/td>\n\u00a0<\/td>\n0.95<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest income \/ average assets<\/td>\n\u00a0<\/td>\n0.56<\/td>\n%<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n\u00a0<\/td>\n0.56<\/td>\n%<\/td>\n\u00a0<\/td>\n0.64<\/td>\n%<\/td>\n\u00a0<\/td>\n0.95<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.56<\/td>\n%<\/td>\n\u00a0<\/td>\n1.01<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest expense \/ average assets<\/td>\n\u00a0<\/td>\n3.07<\/td>\n%<\/td>\n\u00a0<\/td>\n2.90<\/td>\n%<\/td>\n\u00a0<\/td>\n2.91<\/td>\n%<\/td>\n\u00a0<\/td>\n3.33<\/td>\n%<\/td>\n\u00a0<\/td>\n3.18<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.05<\/td>\n%<\/td>\n\u00a0<\/td>\n2.96<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Efficiency ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79.63<\/td>\n%<\/td>\n\u00a0<\/td>\n74.54<\/td>\n%<\/td>\n\u00a0<\/td>\n75.15<\/td>\n%<\/td>\n\u00a0<\/td>\n87.10<\/td>\n%<\/td>\n\u00a0<\/td>\n78.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.95<\/td>\n%<\/td>\n\u00a0<\/td>\n72.28<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Core net income for the twelve months ended December 31, 2022, amounted to $17.3 million, or $4.12 per diluted share, compared to $13.4 million, or $3.84 per diluted share for the twelve months ended December 31, 2021. Core net income for the quarter ended December 31, 2022, amounted to $4.6 million, or $1.08 per diluted share, compared to $2.8 million, or $0.81 per diluted share for the quarter ended December 31, 2021. Core net income is a non-GAAP measure. For the periods presented, the core net income measure excludes merger related expenses, net gain on securities, net loss recognized on the sale of premises and equipment, impairment charges on assets held for sale, core deposit accretion, certificate of deposit purchase premium amortization, purchase discount amortization, and related tax benefit\/(cost). Selected non-GAAP performance metrics are as follows for the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Finward Bancorp<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Quarterly Financial Report<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP Performance Ratios<\/strong>\n <\/td>\n\u00a0<\/td>\nQuarter ended,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTwelve Months Ended<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\nSeptember 30,<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Core return on equity<\/td>\n\u00a0<\/td>\n19.47<\/td>\n%<\/td>\n\u00a0<\/td>\n17.75<\/td>\n%<\/td>\n\u00a0<\/td>\n13.78<\/td>\n%<\/td>\n\u00a0<\/td>\n11.32<\/td>\n%<\/td>\n\u00a0<\/td>\n7.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.83<\/td>\n%<\/td>\n\u00a0<\/td>\n9.44<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Core return on assets<\/td>\n\u00a0<\/td>\n0.90<\/td>\n%<\/td>\n\u00a0<\/td>\n0.90<\/td>\n%<\/td>\n\u00a0<\/td>\n0.75<\/td>\n%<\/td>\n\u00a0<\/td>\n0.83<\/td>\n%<\/td>\n\u00a0<\/td>\n0.71<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Core noninterest expense \/ average assets<\/td>\n\u00a0<\/td>\n2.75<\/td>\n%<\/td>\n\u00a0<\/td>\n2.78<\/td>\n%<\/td>\n\u00a0<\/td>\n2.83<\/td>\n%<\/td>\n\u00a0<\/td>\n2.67<\/td>\n%<\/td>\n\u00a0<\/td>\n3.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.76<\/td>\n%<\/td>\n\u00a0<\/td>\n2.90<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Core efficiency ratio<\/td>\n\u00a0<\/td>\n74.36<\/td>\n%<\/td>\n\u00a0<\/td>\n73.10<\/td>\n%<\/td>\n\u00a0<\/td>\n77.12<\/td>\n%<\/td>\n\u00a0<\/td>\n72.87<\/td>\n%<\/td>\n\u00a0<\/td>\n81.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.38<\/td>\n%<\/td>\n\u00a0<\/td>\n74.22<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest margin – tax equivalent<\/td>\n\u00a0<\/td>\n3.73<\/td>\n%<\/td>\n\u00a0<\/td>\n3.84<\/td>\n%<\/td>\n\u00a0<\/td>\n3.78<\/td>\n%<\/td>\n\u00a0<\/td>\n3.63<\/td>\n%<\/td>\n\u00a0<\/td>\n3.58<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.74<\/td>\n%<\/td>\n\u00a0<\/td>\n3.51<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Refer to \u201cDisclosure Regarding Non-GAAP Measures\u201d and the \u201cReconciliation of the Non-GAAP Performance Ratios\u201d table below for additional information regarding our non-GAAP measures and impact per period by operation.<\/p>\n

Highlights of the twelve-month period include:<\/p>\n

    \n
  • \n Core net income benefiting from acquisition and internal growth:<\/strong> Net income for the twelve months ended December 31, 2022, increased $117 thousand compared to the twelve months ended December 31, 2021. Additionally, core net income for the twelve months ended December 31, 2022, increased by $3.9 million, as compared to the twelve months ended December 31, 2021, primarily relating to the increase in interest-earning assets acquired from the acquisition of Royal Financial, Inc. (\u201cRoyal\u201d), organic loan growth, and the overall improvement to the net interest margin during the year.<\/li>\n
  • \n Net interest margin: <\/strong>The net interest margin for the twelve months ended December 31, 2022, was 3.56%, compared to 3.29% for the twelve months ended December 31, 2021. The tax-adjusted net interest margin (a non-GAAP measure) for the twelve months ended December 31, 2022, was 3.74%, compared to 3.51% for the twelve months ended December 31, 2021. The increased net interest margin and tax-adjusted margin is primarily related to increased loan balances from the acquisition of Royal, organic loan growth, and the ability to manage deposit and borrowing costs to support earning asset growth. Organic loan growth (separate from the Royal acquisition) totaled $96.5 million or 10.0%. See Table 1 at the end of this press release for a reconciliation of the tax-adjusted net interest margin to the GAAP net interest margin. Despite the improvement to the net interest margin during the year, the overall increasing interest rate environment caused a contraction in the margin during the fourth quarter that will likely continue into 2023.<\/li>\n
  • \n Unrealized losses on the securities portfolio: <\/strong>Accumulated other comprehensive losses were $64.3 million as of December 31, 2022. However, during the fourth quarter, securities portfolio cashflows from sales and regular paydowns of the portfolio of $8.5 million were used to fund internally generated loan originations. Furthermore, during full-year 2022, a total of $74.6 million of cashflows were redirected from the securities portfolio to fund internal loan growth. The yield on the securities portfolio improved to 2.22% for the twelve months ended December 31, 2022, up from 1.96% for the twelve months ended December 31, 2021. The securities portfolio also generated gains of $662 thousand from the sale of securities for the twelve months ended December 31, 2022. The effective duration of the securities portfolio was 6.6 years as of December 31, 2022. Management continues to actively manage the securities portfolio and does not currently anticipate the need to realize losses from the securities portfolio, as losses are currently driven by the interest rate environment and management feels are fully recoverable. Further, it remains unlikely the Bancorp will be required to sell the investments before recovery of their amortized cost basis, which may be at maturity.<\/li>\n
  • \n Gain on sale of loans: <\/strong>Increases in mortgage rates have dampened demand and slowed the sale of fixed rate mortgage loans into the secondary market. As a result, gains from the sale of loans for the twelve months ended December 31, 2022, totaled $1.4 million, down from $5.3 million for the twelve months ended December 31, 2021. During the twelve months ended December 31, 2022, the Bancorp originated $44.9 million in new fixed rate mortgage loans for sale, compared to $153.1 million during the twelve months ended December 31, 2021. During the twelve months ended December 31, 2022, the Bancorp originated $105.4 million in new mortgage loans retained in its portfolio, compared to $45.1 million during the twelve months ended December 31, 2021. These retained loans are primarily construction loans and adjustable-rate loans with a fixed-rate period of 7 years or less, and the Bank continues to sell longer-duration fixed rate mortgages into the secondary market.<\/li>\n
  • \n Building a digital-forward foundation: <\/strong>Primary focus remains on enhancing the customer experience and managing risk through our digital platforms. The Bank transitioned to a new tech-enabled customer contact platform during October and is in process of transitioning all customer calls to the platform. In the first quarter, management is prioritizing the digitization and automation of back-office tasks to drive efficiency and improve the foundation for a digital-first banking experience. The Bank is also planning further enhancements to customer acquisition, onboarding, and servicing platforms to enhance customer experience and drive efficiency in these areas.<\/li>\n
  • \n Optimizing the banking center footprint:<\/strong> Following the successful closure of one banking center and the donation and leaseback of another during 2021, we have successfully closed five branches during 2022, a reduction of 16%. Each branch closure and sale is expected to result in approximately $250 thousand in operational expense reduction, excluding personnel expenses. Impairment charges recorded on closed branches during the twelve-months ended 2022, totaled $1.2 million. The Bank\u2019s remaining 26 locations are being analyzed for footprint optimization opportunities, with additional locations showing the potential for reducing operating overhead over the next 12 months. These efforts are reducing fixed costs and allowing for redeployment of a portion of occupancy expenses into building a digital-forward foundation to better meet the needs of the customers and communities the Bancorp serves.<\/li>\n
  • \n Asset quality: <\/strong>At December 31, 2022, the allowance for loan losses totaled $12.9 million and is considered adequate by management. For the twelve months ended December 31, 2022, charge-offs, net of recoveries, totaled $446 thousand. The allowance for loan losses as a percentage of total loans was 0.85% at December 31, 2022, and the allowance for loan losses as a percentage of non-performing loans, or coverage ratio, was 127.3% at December 31, 2022. Management also considers reserves that are not part of the ALL that have been established from acquisition activity. When these additional reserves are included on a non-GAAP basis, the allowance for loan losses as a percentage of total loans was 1.31% at December 31, 2022, and the allowance for loan losses as a percentage of non-performing loans, or coverage ratio, was 195.9% at December 31, 2022. See Table 1 at the end of this press release for a reconciliation of the adjusted allowance for loan losses to total loans and coverage ratio to the related GAAP ratios.<\/li>\n
  • \n Personnel<\/strong>: A headcount freeze, and attrition plan remains in place, and has netted a reduction of 12 full time equivalents, or 4%, during the three months ended December 31, 2022.<\/li>\n
  • \n Capital Adequacy<\/strong>: As of December 31, 2022, the Bancorp\u2019s tier 1 capital to adjusted average assets ratio totaled 7.7%, and under all regulatory capital requirements, continues to be considered well capitalized. Tangible book value per share was $25.40 at December 31, 2022, up from $20.99 as of September 30, 2022 (a non-GAAP measure). The increase is due to recoveries of accumulated other comprehensive losses from the unrealized loss position on the securities portfolio as noted above. Excluding accumulated other comprehensive losses, tangible book value per share increased to $40.36 as of December 31, 2022, from $39.57 as of September 30, 2022 (a non-GAAP measure). Tangible capital represented 5.3% of tangible assets at December 31, 2022 (a non-GAAP measure). Tangible capital, excluding accumulated other comprehensive losses, was 8.5% at December 31, 2022 (a non-GAAP measure). See Table 1 at the end of this press release for a reconciliation of the tangible book value per share, tangible book value per share adjusted for accumulated other losses, tangible capital as a percentage of tangible assets, and tangible capital as a percentage of tangible assets adjusted for accumulated other comprehensive losses to the related GAAP ratios.<\/li>\n<\/ul>\n

    \u201cExpense management has been a focus for 2022, and we took steps to further reduce fixed costs in the fourth quarter in anticipation of changing economic conditions in 2023. The Bank is healthy from a credit standpoint, which reflects our ability to originate high-quality, relationship-based assets in our footprint. We did see some contraction in our net interest margin in the 4th quarter, primarily due to increasing funding costs as we saw seasonal outflows of core funds in the month of December. Loan demand continues to be strong on the commercial side, supporting higher yields. Funding is a key lever to support the margin in 2023, and we are working to maintain core relationships and using on-balance sheet liquidity to reduce wholesale funding whenever possible,\u201d said Benjamin Bochnowski, chief executive officer. \u201cAs yields have moved in, our unrealized losses have abated. As opportunities arise to reposition our securities portfolio to provide liquidity to fund loan growth, we will continue to do so throughout the year to maximize our margin and profitability during the year.\u201d<\/p>\n

    \n
    \n Net Interest Income<\/u>
    \n <\/strong>\n <\/p>\n

    \u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\nYear-to-Date<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n (Dollars in thousands)<\/em>\n <\/td>\nAverage Balances, Interest, and Rates<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n (unaudited)<\/em>\n <\/td>\nDecember 31, 2022<\/td>\n\u00a0<\/td>\nDecember 31, 2021<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest<\/td>\n\u00a0<\/td>\nRate (%)<\/td>\n\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest<\/td>\n\u00a0<\/td>\nRate (%)<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n ASSETS<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nInterest bearing deposits in other financial institutions<\/td>\n$<\/td>\n21,685<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n287<\/td>\n\u00a0<\/td>\n1.32<\/td>\n\u00a0<\/td>\n$<\/td>\n43,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n36<\/td>\n\u00a0<\/td>\n0.08<\/td>\n<\/tr>\n
    \u00a0<\/td>\nFederal funds sold<\/td>\n\u00a0<\/td>\n3,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11<\/td>\n\u00a0<\/td>\n0.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,058<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n–<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCertificates of deposit in other financial institutions<\/td>\n\u00a0<\/td>\n1,868<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28<\/td>\n\u00a0<\/td>\n1.50<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25<\/td>\n\u00a0<\/td>\n1.66<\/td>\n<\/tr>\n
    \u00a0<\/td>\nSecurities available-for-sale<\/td>\n\u00a0<\/td>\n427,291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,492<\/td>\n\u00a0<\/td>\n2.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456,783<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,951<\/td>\n\u00a0<\/td>\n1.96<\/td>\n<\/tr>\n
    \u00a0<\/td>\nLoans receivable<\/td>\n\u00a0<\/td>\n1,431,017<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,133<\/td>\n\u00a0<\/td>\n4.34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n968,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,573<\/td>\n\u00a0<\/td>\n4.29<\/td>\n<\/tr>\n
    \u00a0<\/td>\nFederal Home Loan Bank stock<\/td>\n\u00a0<\/td>\n3,675<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84<\/td>\n\u00a0<\/td>\n2.29<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70<\/td>\n\u00a0<\/td>\n2.02<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal interest earning assets<\/td>\n\u00a0<\/td>\n1,888,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n72,035<\/td>\n\u00a0<\/td>\n3.81<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,474,372<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n50,655<\/td>\n\u00a0<\/td>\n3.44<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCash and non-interest bearing deposits in other financial institutions<\/td>\n\u00a0<\/td>\n16,820<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAllowance for loan losses<\/td>\n\u00a0<\/td>\n(13,385<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,353<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nOther noninterest bearing assets<\/td>\n\u00a0<\/td>\n146,259<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,133<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total assets<\/td>\n$<\/td>\n2,038,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,573,981<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal deposits<\/td>\n$<\/td>\n1,823,598<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,604<\/td>\n\u00a0<\/td>\n0.20<\/td>\n\u00a0<\/td>\n$<\/td>\n1,381,101<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,002<\/td>\n\u00a0<\/td>\n0.14<\/td>\n<\/tr>\n
    \u00a0<\/td>\nRepurchase agreements<\/td>\n\u00a0<\/td>\n20,649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195<\/td>\n\u00a0<\/td>\n0.94<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47<\/td>\n\u00a0<\/td>\n0.26<\/td>\n<\/tr>\n
    \u00a0<\/td>\nBorrowed funds<\/td>\n\u00a0<\/td>\n26,806<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,087<\/td>\n\u00a0<\/td>\n4.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,448<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31<\/td>\n\u00a0<\/td>\n1.27<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal interest bearing liabilities<\/td>\n\u00a0<\/td>\n1,871,053<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,886<\/td>\n\u00a0<\/td>\n0.26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,401,338<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,080<\/td>\n\u00a0<\/td>\n0.15<\/td>\n<\/tr>\n
    \u00a0<\/td>\nOther noninterest bearing liabilities<\/td>\n\u00a0<\/td>\n23,132<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,996<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total liabilities<\/td>\n\u00a0<\/td>\n1,894,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,418,334<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total stockholders’ equity<\/td>\n\u00a0<\/td>\n144,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n155,647<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total liabilities and stockholders’ equity<\/td>\n$<\/td>\n2,038,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,573,981<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    Net interest income was $67.1 million for the twelve months ended December 31, 2022, an increase of $18.6 million (38.2%), compared to $48.6 million for the twelve months ended December 31, 2021. The Bancorp\u2019s net interest margin on a tax-adjusted basis (non-GAAP) was 3.74% for the twelve months ended December 31, 2022, compared to 3.51% for the twelve months ended December 31, 2021.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\nQuarter Ended<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n (Dollars in thousands)<\/em>\n <\/td>\nAverage Balances, Interest, and Rates<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n (unaudited)<\/em>\n <\/td>\nDecember 31, 2022<\/td>\n\u00a0<\/td>\nDecember 31, 2021<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest<\/td>\n\u00a0<\/td>\nRate (%)<\/td>\n\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest<\/td>\n\u00a0<\/td>\nRate (%)<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n ASSETS<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nInterest bearing deposits in other financial institutions<\/td>\n$<\/td>\n13,914<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n124<\/td>\n\u00a0<\/td>\n3.56<\/td>\n\u00a0<\/td>\n$<\/td>\n12,516<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3<\/td>\n\u00a0<\/td>\n0.10<\/td>\n<\/tr>\n
    \u00a0<\/td>\nFederal funds sold<\/td>\n\u00a0<\/td>\n1,460<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n0.82<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n–<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCertificates of deposit in other financial institutions<\/td>\n\u00a0<\/td>\n2,218<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13<\/td>\n\u00a0<\/td>\n2.34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,706<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n0.94<\/td>\n<\/tr>\n
    \u00a0<\/td>\nSecurities available-for-sale<\/td>\n\u00a0<\/td>\n360,865<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,197<\/td>\n\u00a0<\/td>\n2.44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n521,069<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,523<\/td>\n\u00a0<\/td>\n1.94<\/td>\n<\/tr>\n
    \u00a0<\/td>\nLoans receivable<\/td>\n\u00a0<\/td>\n1,503,543<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,504<\/td>\n\u00a0<\/td>\n4.66<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n960,606<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,282<\/td>\n\u00a0<\/td>\n4.28<\/td>\n<\/tr>\n
    \u00a0<\/td>\nFederal Home Loan Bank stock<\/td>\n\u00a0<\/td>\n4,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21<\/td>\n\u00a0<\/td>\n1.83<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,247<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n1.85<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal interest earning assets<\/td>\n\u00a0<\/td>\n1,886,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,862<\/td>\n\u00a0<\/td>\n4.21<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,500,183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,827<\/td>\n\u00a0<\/td>\n3.42<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCash and non-interest bearing deposits in other financial institutions<\/td>\n\u00a0<\/td>\n3,240<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAllowance for loan losses<\/td>\n\u00a0<\/td>\n(13,289<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,790<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nOther noninterest bearing assets<\/td>\n\u00a0<\/td>\n158,812<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99,837<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total assets<\/td>\n$<\/td>\n2,035,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,601,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal deposits<\/td>\n$<\/td>\n1,793,583<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,007<\/td>\n\u00a0<\/td>\n0.45<\/td>\n\u00a0<\/td>\n$<\/td>\n1,403,559<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n350<\/td>\n\u00a0<\/td>\n0.10<\/td>\n<\/tr>\n
    \u00a0<\/td>\nRepurchase agreements<\/td>\n\u00a0<\/td>\n19,799<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102<\/td>\n\u00a0<\/td>\n2.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12<\/td>\n\u00a0<\/td>\n0.26<\/td>\n<\/tr>\n
    \u00a0<\/td>\nBorrowed funds<\/td>\n\u00a0<\/td>\n72,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n944<\/td>\n\u00a0<\/td>\n5.19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,769<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8<\/td>\n\u00a0<\/td>\n0.47<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal interest bearing liabilities<\/td>\n\u00a0<\/td>\n1,886,154<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,053<\/td>\n\u00a0<\/td>\n0.65<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,429,099<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n370<\/td>\n\u00a0<\/td>\n0.10<\/td>\n<\/tr>\n
    \u00a0<\/td>\nOther noninterest bearing liabilities<\/td>\n\u00a0<\/td>\n27,055<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,177<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total liabilities<\/td>\n\u00a0<\/td>\n1,913,209<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,446,276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total stockholders’ equity<\/td>\n\u00a0<\/td>\n122,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n154,764<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0Total liabilities and stockholders’ equity<\/td>\n$<\/td>\n2,035,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,601,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    Net interest income was $16.8 million for the quarter ended December 31, 2022, an increase of $4.4 million (34.9%), compared to $12.5 million for the quarter ended December 31, 2021. The Bancorp\u2019s net interest margin was 3.56% for the quarter ended December 31, 2022, compared to 3.32% for the quarter ended December 31, 2021. The Bancorp\u2019s net interest margin on a tax-adjusted basis (non-GAAP) was 3.73% for the quarter ended December 31, 2022, compared to 3.58% for the quarter ended December 31, 2021. The increased net interest income and net interest margin for the quarter and the twelve months was primarily the result of the increased earning assets acquired through the Royal acquisition, the reallocation of securities cashflows into organic loan growth, and managing interest expense.<\/p>\n

    \n
    \n Noninterest Income<\/u>
    \n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n (Dollars in thousands, except per share data)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTwelve Months Ended December 31,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12\/31\/2022 vs. 12\/31\/2021<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$ Change<\/td>\n\u00a0<\/td>\n% Change<\/td>\n<\/tr>\n
    Noninterest income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Fees and service charges<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,257<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n869<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.1<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Wealth management operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,113<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(262<\/td>\n)<\/td>\n\u00a0<\/td>\n-11.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of loans held-for-sale, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,368<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,296<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,928<\/td>\n)<\/td>\n\u00a0<\/td>\n-74.2<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of securities, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n662<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,987<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,325<\/td>\n)<\/td>\n\u00a0<\/td>\n-66.7<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Increase in cash value of bank owned life insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n715<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.3<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of foreclosed real estate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(31<\/td>\n)<\/td>\n\u00a0<\/td>\n-66.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103.6<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total noninterest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,947<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,438<\/td>\n)<\/td>\n\u00a0<\/td>\n-27.8<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n (Dollars in thousands, except per share data)<\/em>\n <\/td>\n\u00a0<\/td>\nQuarter Ended December 31,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12\/31\/2022 vs. 12\/31\/2021<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$ Change<\/td>\n\u00a0<\/td>\n% Change<\/td>\n<\/tr>\n
    Noninterest income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Fees and service charges<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n445<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.3<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Wealth management operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n523<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(65<\/td>\n)<\/td>\n\u00a0<\/td>\n-11.1<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of loans held-for-sale, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n902<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(776<\/td>\n)<\/td>\n\u00a0<\/td>\n-86.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of securities, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n711<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(711<\/td>\n)<\/td>\n\u00a0<\/td>\n-100.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Increase in cash value of bank owned life insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n178<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of foreclosed real estate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4<\/td>\n)<\/td>\n\u00a0<\/td>\n-20.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n138<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n445.2<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total noninterest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,839<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,808<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(969<\/td>\n)<\/td>\n\u00a0<\/td>\n-25.4<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    The increase in fees and service charges, for the quarter and the twelve months ended December 31, 2022, is primarily the result of the acquisition of Royal and the resulting increase in our customer base. The decrease in wealth management operations, for the quarter and the twelve-month periods, is the result of lower fee income year over year due to market conditions. The decrease in gain on sale of loans, for the quarter and the twelve-month periods, is the result of significant refinance activity in 2021 due to the economic and low-rate environment, which resulted in more loans originated and sold in 2021 compared to 2022. We expect demand for fixed rate mortgage loans held-for-sale in the secondary market to be lower as borrowing rates on loans increase. The decrease in gains on the sale of securities, for the quarter and the year-to-date periods, is a result of current market conditions and actively repositioning the portfolio.<\/p>\n

    \n
    \n Noninterest Expense<\/u>
    \n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n (Dollars in thousands, except per share data)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTwelve Months Ended December 31,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12\/31\/2022 vs. 12\/31\/2021<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$ Change<\/td>\n\u00a0<\/td>\n% Change<\/td>\n<\/tr>\n
    Noninterest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Compensation and benefits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,990<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,749<\/td>\n\u00a0<\/td>\n19.6<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Occupancy and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,537<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,248<\/td>\n\u00a0<\/td>\n22.5<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Data processing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,102<\/td>\n\u00a0<\/td>\n85.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Marketing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,907<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,085<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n822<\/td>\n\u00a0<\/td>\n75.8<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Impairment charge on assets held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Federal deposit insurance premiums<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n861<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n367<\/td>\n\u00a0<\/td>\n42.6<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Professional services<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,211<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,205<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n0.5<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Net loss recognized on sale of premises and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n303<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n303<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,694<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,635<\/td>\n\u00a0<\/td>\n36.1<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total noninterest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,636<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,464<\/td>\n\u00a0<\/td>\n33.2<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n (Dollars in thousands, except per share data)<\/em>\n <\/td>\n\u00a0<\/td>\nQuarter Ended December 31,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12\/31\/2022 vs. 12\/31\/2021<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$ Change<\/td>\n\u00a0<\/td>\n% Change<\/td>\n<\/tr>\n
    Noninterest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Compensation and benefits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(30<\/td>\n)<\/td>\n\u00a0<\/td>\n-0.5<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Occupancy and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.9<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Data processing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,238<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,651<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(413<\/td>\n)<\/td>\n\u00a0<\/td>\n-25.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Marketing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(73<\/td>\n)<\/td>\n\u00a0<\/td>\n-20.4<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Impairment charge on assets held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Federal deposit insurance premiums<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n279<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.8<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Professional services<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n393<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57.2<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Net loss recognized on sale of premises and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0\u00a0Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,831<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,155<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,676<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77.8<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total noninterest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.9<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    The increase in compensation and benefits, for the twelve months ended December 31, 2022, is primarily the result of the Royal acquisition, management\u2019s continued focus on talent management, and wage inflation. The increase in data processing expense for the twelve-month period ending December 31, 2022, is primarily the result of data conversion expenses related to the acquisition of Royal, increased system utilization due to growth of the Bank, and continued investment in technological advancements such as Salesforce and nCino. The increase in data processing expense, for the quarter ending December 31, 2022, is due to increased system utilization due to growth of the Bank, and continued investment in technological advancements such as Salesforce and nCino. The increase in occupancy and equipment expense, for the quarter and the twelve-month periods, is primarily related to the Royal acquisition and higher operating costs. Marketing expenses, for the twelve-month period ended December 31, 2022, have increased to enhance brand recognition in new markets and gain more wallet share. The increase in impairment charge on assets held for sale, for the quarter and twelve-month periods, is the result of impairment on the carrying value of branches held for sale. The increase in federal deposit insurance premiums, for the quarter and the twelve-month periods, is primarily the result of growth of the bank\u2019s average assets. The increase in net loss recognized on sale of premises and equipment, for the quarter and twelve-month periods, is the result of the sale of a branch to reduce future fixed costs, allowing for redeployment of a portion of occupancy expenses into building a digital-forward foundation so that Finward can better serve its customers. The increase in other operating expenses for the twelve-month period ending December 31, 2022, is primarily the result of one-time expenses related to the acquisition of Royal, continued investments in strategic initiatives focusing on growth of the organization, and inflationary pressures. The increase in other operating expenses for the quarter ending December 31, 2022, is primarily due to higher utilization of outside consultants related to bank initiatives during the quarter.<\/p>\n

    \n
    \n Income Tax Expense<\/u>
    \n <\/strong>
    \n
    The provision for income taxes was $1.5 million for the twelve months ended December 31, 2022, as compared to $1.4 million for the twelve months ended December 31, 2021. The effective tax rate was 8.9% for the twelve months ended December 31, 2022, as compared to 8.6% for the twelve months ended December 31, 2021. The provision for income taxes was $45 thousand for the quarter ended December 31, 2022, as compared to $6 thousand for the quarter ended December 31, 2021. The effective tax rate was 1.1% for the quarter ended December 31, 2022, as compared to 0.2% for the quarter ended December 31, 2021. The Bancorp\u2019s higher current effective tax rate for the twelve months ended 31, 2022, is a result of higher earnings relative to tax preferred income. The decrease in effective tax rate quarter-over-quarter is due to tax benefits resulting from the recognition of impairment on assets held for sale.<\/p>\n

    \n
    \n Lending<\/u>
    \n <\/strong>
    \n
    The Bancorp\u2019s loan portfolio totaled $1.5 billion on December 31, 2022, compared to $966.7 million on December 31, 2021, an increase of $546.9 million or 56.6%. The increase is primarily the result of the Royal acquisition, as well as organic loan portfolio growth. During the first twelve months of 2022 the Bancorp originated $376.0 million in new commercial loans, compared to $339.9 million during the twelve months ended December 31, 2021. During the twelve months ended December 31, 2022, the Bancorp originated $44.9 million in new fixed rate mortgage loans for sale, compared to $153.1 million during the twelve months ended December 31, 2021. During the twelve months ended December 31, 2022, the Bancorp originated $105.4 million in new mortgage loans retained in its portfolio, compared to $45.1 million during the twelve months ended December 31, 2021. The loan portfolio represents 73.1% of earning assets and is comprised of 62.1% commercial related credits.<\/p>\n

    \n
    \n Asset Quality<\/u>
    \n <\/strong>
    \n
    At December 31, 2022, non-performing loans totaled $10.1 million, compared to $7.3 million at December 31, 2021, an increase of $2.9 million or 39.6%. The Bancorp\u2019s ratio of non-performing loans to total loans was 0.67% at December 31, 2022, compared to 0.76% at December 31, 2021. The Bancorp\u2019s ratio of non-performing assets to total assets was 0.54% at December 31, 2022, compared to 0.51% at December 31, 2021.<\/p>\n

    For the twelve months ended December 31, 2022, no provisions to the ALL were required, compared to $1.5 million for the twelve months ended December 31, 2021, a decrease of $1.5 million. For the quarter ended December 31, 2022, no provisions to the ALL were required, compared to $216 thousand for the quarter ended December 31, 2021, a decrease of $216 thousand. For the twelve months ended December 31, 2022, charge-offs, net of recoveries, totaled $446 thousand. For the quarter ended December 31, 2022, charge-offs, net of recoveries, totaled $483 thousand. At December 31, 2022, the allowance for loan losses totaled $12.9 million and is considered adequate by management. The allowance for loan losses as a percentage of total loans was 0.85% at December 31, 2022, compared to 1.38% at December 31, 2021. The allowance for loan losses as a percentage of non-performing loans, or coverage ratio, was 127.3% at December 31, 2022, compared to 183.8% at December 31, 2021.<\/p>\n

    Management also considers reserves that are not part of the ALL that have been established from acquisition activity. The Bancorp acquired loans for which there was evidence of credit quality deterioration since origination, and it was determined that it was probable that the Bancorp would be unable to collect all contractually required principal and interest payments. Additionally, the Bancorp has acquired loans where there was no evidence of credit quality deterioration since origination and has marked these loans to their fair values. When these additional reserves are included on a non-GAAP basis, the allowance for loan losses as a percentage of total loans was 1.31% at December 31, 2022, and the allowance for loan losses as a percentage of non-performing loans, or coverage ratio, was 195.9% at December 31, 2022. See Table 1 below for a reconciliation of these non-GAAP figures to the Bancorp\u2019s GAAP figures.<\/p>\n

    \n
    \n Investing<\/u>
    \n <\/strong>
    \n
    The Bancorp\u2019s securities portfolio totaled $370.9 million at December 31, 2022, compared to $526.9 million at December 31, 2021, a decrease of $156.0 million or 29.6%. The decrease is attributable to increased unrealized losses within the portfolio and the use of cashflows from the securities portfolio to fund loan growth. The securities portfolio represents 19.5% of earning assets and provides a consistent source of liquidity and earnings to the Bancorp. Cash and cash equivalents totaled $31.3 million on December 31, 2022, compared to $33.2 million on December 31, 2021, a decrease of $1.9 million or 5.7%. The decrease in cash and cash equivalents is primarily the result of the timing of investments in interest earning assets relative to the inflow and outflow of deposits and repurchase agreements.<\/p>\n

    \n
    \n Funding<\/u>
    \n <\/strong>
    \n
    On December 31, 2022, core deposits totaled $1.4 billion, compared to $1.2 billion on December 31, 2021, an increase of $216.9 million or 18.2%. The increase is the result of the Royal acquisition, which added $279.9 million of core deposits at the time of acquisition, as well as the Bancorp\u2019s efforts to maintain and grow core deposits. Core deposits include checking, savings, and money market accounts and represented 79.5% of the Bancorp\u2019s total deposits at December 31, 2022. During the twelve months of 2022, balances for checking, and savings accounts increased. The increase in these core deposits is a result of the Royal acquisition, as well as management\u2019s sales efforts along with customer preferences for competitively priced short-term liquid investments. On December 31, 2022, balances for certificates of deposit totaled $363.1 million, compared to $239.2 million on December 31, 2021, an increase of $123.9 million or 51.8%. The increase in certificate of deposit balances is related to the Royal acquisition, which added $195.2 million of certificates at the time of acquisition, along with efforts by the bank to maintain lower cost of deposits in the future. In addition, on December 31, 2022, borrowings and repurchase agreements totaled $135.5 million, compared to $14.6 million at December 31, 2021, an increase of $120.9 million or 829.3%. The increase in short-term borrowings was the result of cyclical inflows and outflows of interest-earning assets and interest-bearing liabilities.<\/p>\n

    \n
    \n Capital Adequacy <\/u>
    \n <\/strong>
    \n
    At December 31, 2022, shareholders\u2019 equity stood at $136.4 million, a decrease of $20.2 million, or 12.9% from December 31, 2021. This decrease is the result of net unrealized losses in the securities portfolio which resulted in an accumulated comprehensive loss of $64.3 million at December 31, 2022. The Bank\u2019s regulatory capital ratios at December 31, 2022, were 12.1% for total capital to risk-weighted assets, 11.2% for both common equity tier 1 capital to risk-weighted assets and tier 1 capital to risk-weighted assets, and 7.7% for tier 1 capital to adjusted average assets. Under all regulatory capital requirements, the Bank is considered well capitalized. Tangible capital represented 5.3% of tangible assets at December 31, 2022. The tangible book value of the Bancorp\u2019s stock stood at $25.40 per share at December 31, 2022, compared to $40.91 at December 31, 2021. This is primarily the result of increased net unrealized loss on securities available-for-sale, net of reclassification and tax effects. Management continues to actively manage the securities portfolio and does not currently anticipate the need to realize losses from the securities portfolio that would result in reductions to retained earnings.<\/p>\n

    \n
    \n Disclosures Regarding Non-GAAP Financial Measures<\/u>
    \n <\/strong>
    \n
    Reported amounts are presented in accordance with GAAP. In this press release the Bancorp also is providing certain financial measures that are identified as non-GAAP. The Bancorp\u2019s management believes that the non-GAAP information, which consists of core net income, core diluted earnings per share, core return on equity, core return on assets, core pre-provision net revenue, core pre-provision net revenue\/average assets, tangible assets (excluding PPP), tangible common equity, tangible common equity\/tangible assets (excluding PPP), average tangible common equity, core yield on loans, core noninterest expense, core noninterest expense\/average assets, core efficiency ratio, core earnings, adjusted allowance for loan loss to total loans, adjusted allowance for loan loss to nonperforming loans, adjusted allowance for loan loss to total loans (excluding PPP), core revenue, adjusted net interest margin, and reported net income excluding non-core operations, which can vary from period to period, provides a better comparison of period to period operating performance. Additionally, the Bancorp believes this information is utilized by regulators and market analysts to evaluate a company\u2019s financial condition and, therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for financial results in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures which may be presented by other companies. Refer to Table 1 \u2013 Reconciliation of Non-GAAP Financial Measures at the end of this document for a reconciliation of the non-GAAP measures identified herein and their most comparable GAAP measures.<\/p>\n

    \n
    \n About Finward Bancorp<\/u>
    \n <\/strong>
    \n
    Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial services from its 26 locations in Lake and Porter Counties in Northwest Indiana and Chicagoland. Finward Bancorp\u2019s common stock is quoted on The NASDAQ Stock Market, LLC under the symbol FNWD. The website ibankpeoples.com provides information on Peoples Bank\u2019s products and services, and Finward Bancorp\u2019s investor relations.<\/p>\n

    \n
    \n Forward Looking Statements<\/u>
    \n <\/strong>
    \n
    This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of the Bancorp. For these statements, the Bancorp claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this communication should be considered in conjunction with the other information available about the Bancorp, including the information in the filings the Bancorp makes with the SEC. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management\u2019s expectations and are subject to a number of risks and uncertainties. Forward-looking statements are typically identified by using words such as \u201canticipate,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cwill\u201d and similar expressions in connection with any discussion of future operating or financial performance.<\/p>\n

    Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include: difficulties and delays in integrating Finward\u2019s and Royal\u2019s businesses or fully realizing cost savings and other benefits; business disruption following the merger; any continuing risks and uncertainties for our business, results of operations, and financial condition relating to the COVID-19 pandemic; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates, market liquidity, and capital markets, as well as the magnitude of such changes, which may reduce net interest margins; inflation; further deterioration in the market value of securities held in the Bancorp\u2019s investment securities portfolio, whether as a result of macroeconomic factors or otherwise; customer acceptance of the Bancorp\u2019s products and services; customer borrowing, repayment, investment, and deposit practices; customer disintermediation; the introduction, withdrawal, success, and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions, and divestitures; economic conditions; and the impact, extent, and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in Finward\u2019s reports (such as the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K) filed with the SEC and available at the SEC\u2019s Internet website (www.sec.gov). All subsequent written and oral forward-looking statements concerning matters attributable to Finward or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Except as required by law, Finward does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statement is made.<\/p>\n

    In addition to the above factors, we also caution that the actual amounts and timing of any future common stock dividends or share repurchases will be subject to various factors, including our capital position, financial performance, capital impacts of strategic initiatives, market conditions, and regulatory and accounting considerations, as well as any other factors that our Board of Directors deems relevant in making such a determination. Therefore, there can be no assurance that we will repurchase shares or pay any dividends to holders of our common stock, or as to the amount of any such repurchases or dividends.<\/p>\n

    \n FOR FURTHER INFORMATION<\/strong>
    \n
    \n CONTACT SHAREHOLDER SERVICES<\/strong>
    \n
    \n (219) 853-7575<\/strong>\u00a0\u00a0<\/p>\n

    \n \n <\/p>\n

    \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Finward Bancorp<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Quarterly Financial Report<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Performance Ratios<\/strong>\n <\/td>\n\u00a0<\/td>\nQuarter ended,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTwelve months ended,<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\nSeptember 30,<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Return on equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.96<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.65<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.47<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.61<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Return on assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.88<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.44<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.74<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.95<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Yield on loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.66<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.34<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.18<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.17<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.34<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.29<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Yield on security investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.44<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.30<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.23<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.94<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.22<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.96<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total yield on earning assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.88<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.68<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.49<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.42<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.81<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.44<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cost of deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.19<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.08<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.08<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.14<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cost of repurchase agreements<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.06<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.98<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.46<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.26<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.94<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.26<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cost of borrowed funds<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.19<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.52<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.39<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.47<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.06<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.27<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total cost of funds<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.65<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.22<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.09<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.08<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.26<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.15<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Noninterest income \/ average assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.64<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.95<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.01<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Noninterest expense \/ average assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.07<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.91<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.18<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.96<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net noninterest margin \/ average assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.52<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.39<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.36<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.68<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.23<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.48<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-1.95<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Efficiency ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75.15<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.95<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72.28<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Effective tax rate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.14<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.70<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.41<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.18<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.93<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.63<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-performing assets to total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.58<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.53<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.47<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-performing loans to total loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.73<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.68<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.62<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.76<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.76<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Allowance for loan losses to non-performing loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n127.26<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n122.64<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n133.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183.76<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n127.26<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183.76<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Allowance for loan losses to loans outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.89<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.91<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.93<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Foreclosed real estate to total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.00<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Basic earnings per share<\/td>\n\u00a0<\/td>\n$0.93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.53<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.95<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$3.61<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$4.30<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Diluted earnings per share<\/td>\n\u00a0<\/td>\n$0.93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.53<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.95<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$3.60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$4.30<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net worth \/ total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.59<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.50<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.51<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.66<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.59<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.66<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Book value per share<\/td>\n\u00a0<\/td>\n$31.73<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$27.46<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$31.80<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$36.71<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$45.00<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$31.73<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$45.00<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Closing stock price<\/td>\n\u00a0<\/td>\n$36.20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$34.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$37.49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$46.21<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$45.88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$36.20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$45.88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Price per earnings per share<\/td>\n\u00a0<\/td>\n$9.70<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$7.92<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$8.97<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$21.76<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$12.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$10.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$10.66<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Dividend declared per common share<\/td>\n\u00a0<\/td>\n$0.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Non-GAAP Performance Ratios<\/strong>\n <\/td>\n\u00a0<\/td>\nQuarter ended,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTwelve Months Ended<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\nSeptember 30,<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Core return on equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.47<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.32<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.44<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Core return on assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.71<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Core noninterest expense \/ average assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.76<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.90<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Core efficiency ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.36<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72.87<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.22<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net interest margin – tax equivalent<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.73<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.84<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.58<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.74<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.51<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Tangible book value per diluted share<\/td>\n\u00a0<\/td>\n$25.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$20.99<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$25.24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$30.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$40.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$25.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$40.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Tangible book value per diluted share adjusted for AOCI<\/td>\n$40.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$39.57<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$38.69<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$37.80<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$39.68<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$40.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$39.68<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Finward Bancorp<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Quarterly Financial Report<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Balance Sheet Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (Dollars in thousands)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\nSeptember 30,<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n2,070,339<\/td>\n\u00a0<\/td>\n$<\/td>\n2,052,986<\/td>\n\u00a0<\/td>\n$<\/td>\n2,101,485<\/td>\n\u00a0<\/td>\n$<\/td>\n2,097,845<\/td>\n\u00a0<\/td>\n$<\/td>\n1,620,743<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cash & cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,296<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79,302<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,501<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,176<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Certificates of deposit in other financial institutions<\/td>\n\u00a0<\/td>\n2,456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,482<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,731<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,709<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Securities – available for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n370,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n359,035<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400,466<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n464,320<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n526,889<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Loans receivable:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCommercial real estate<\/td>\n\u00a0<\/td>\n$<\/td>\n486,431<\/td>\n\u00a0<\/td>\n$<\/td>\n452,852<\/td>\n\u00a0<\/td>\n$<\/td>\n420,735<\/td>\n\u00a0<\/td>\n$<\/td>\n408,375<\/td>\n\u00a0<\/td>\n$<\/td>\n317,145<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nResidential real estate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n484,595<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n471,565<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n459,151<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n444,753<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n260,134<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCommercial business<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95,372<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,772<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nConstruction and land development<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n108,926<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n134,301<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n153,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n123,822<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nMultifamily<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n251,014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n258,377<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n248,495<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n234,267<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,194<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nHome equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,978<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,578<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,672<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,612<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nManufactured homes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,882<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,866<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,693<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,636<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,887<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nGovernment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,549<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,081<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,991<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nConsumer<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n918<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,673<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n924<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n582<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nFarmland<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nTotal loans<\/td>\n\u00a0<\/td>\n$<\/td>\n1,508,571<\/td>\n\u00a0<\/td>\n$<\/td>\n1,496,387<\/td>\n\u00a0<\/td>\n$<\/td>\n1,468,571<\/td>\n\u00a0<\/td>\n$<\/td>\n1,432,621<\/td>\n\u00a0<\/td>\n$<\/td>\n960,139<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nNoninterest bearing checking<\/td>\n\u00a0<\/td>\n$<\/td>\n359,092<\/td>\n\u00a0<\/td>\n$<\/td>\n386,137<\/td>\n\u00a0<\/td>\n$<\/td>\n370,567<\/td>\n\u00a0<\/td>\n$<\/td>\n380,515<\/td>\n\u00a0<\/td>\n$<\/td>\n295,294<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nInterest bearing checking<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n396,285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n422,559<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n384,689<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n350,825<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n333,744<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nSavings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n402,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n427,505<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n425,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n293,976<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nMoney market<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n254,157<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n269,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n327,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n307,850<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n271,970<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal core deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,411,899<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,505,311<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,518,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,464,824<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,194,984<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCertificates of deposit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n363,118<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n327,653<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n398,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n430,387<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n239,217<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal deposits<\/td>\n\u00a0<\/td>\n$<\/td>\n1,775,017<\/td>\n\u00a0<\/td>\n$<\/td>\n1,832,964<\/td>\n\u00a0<\/td>\n$<\/td>\n1,917,215<\/td>\n\u00a0<\/td>\n$<\/td>\n1,895,211<\/td>\n\u00a0<\/td>\n$<\/td>\n1,434,201<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Borrowings and repurchase agreements<\/td>\n\u00a0<\/td>\n$<\/td>\n135,503<\/td>\n\u00a0<\/td>\n$<\/td>\n78,140<\/td>\n\u00a0<\/td>\n$<\/td>\n24,536<\/td>\n\u00a0<\/td>\n$<\/td>\n23,244<\/td>\n\u00a0<\/td>\n$<\/td>\n14,581<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Stockholder’s equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136,393<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n157,637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n156,615<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Finward Bancorp<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Quarterly Financial Report<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Consolidated Statements of Income<\/strong>\n <\/td>\n\u00a0<\/td>\nQuarter ended,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTwelve months ended,<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (Dollars in thousands)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\nSeptember 30,<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Interest income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,504<\/td>\n\u00a0<\/td>\n$<\/td>\n16,122<\/td>\n\u00a0<\/td>\n$<\/td>\n15,221<\/td>\n\u00a0<\/td>\n$<\/td>\n13,286<\/td>\n\u00a0<\/td>\n$<\/td>\n10,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n62,133<\/td>\n\u00a0<\/td>\n$<\/td>\n41,573<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Securities & short-term investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,519<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,545<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,902<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,082<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,862<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,539<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,894<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,035<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,655<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Interest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,007<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n871<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n389<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n337<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,604<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,002<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Borrowings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,046<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,053<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,032<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n370<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,886<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,080<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,575<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Provision for loan losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,509<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net interest income after provision for loan losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,066<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Noninterest income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Fees and service charges<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,570<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,304<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,257<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,388<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Wealth management operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n523<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n407<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n595<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,113<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,375<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of loans held-for-sale, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n344<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n902<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,368<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,296<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of securities, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n258<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n381<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n711<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n662<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,987<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Increase in cash value of bank owned life insurance<\/td>\n\u00a0<\/td>\n182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n252<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n178<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n715<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Gain on sale of foreclosed real estate, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total noninterest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,839<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,808<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,947<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Noninterest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Compensation and benefits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,498<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,990<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,241<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Occupancy and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,804<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,729<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,537<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Data processing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,238<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,212<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,246<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,054<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,651<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,648<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Marketing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n385<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n651<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,907<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,085<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Impairment charge on assets held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Federal deposit insurance premiums<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n279<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n380<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n219<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n861<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net loss recognized on sale of premises and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n254<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n303<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0\u00a0Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,305<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,898<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,905<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,264<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total noninterest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,269<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,636<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income before income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,003<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,127<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,018<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,558<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,377<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income tax expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n275<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,414<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,958<\/td>\n\u00a0<\/td>\n$<\/td>\n4,556<\/td>\n\u00a0<\/td>\n$<\/td>\n4,431<\/td>\n\u00a0<\/td>\n$<\/td>\n2,135<\/td>\n\u00a0<\/td>\n$<\/td>\n3,311<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,080<\/td>\n\u00a0<\/td>\n$<\/td>\n14,963<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\n Finward Bancorp<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nQuarterly Financial Report<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Asset Quality<\/strong>\n <\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n(Dollars in thousands)<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\nSeptember 30,<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNonaccruing loans<\/td>\n\u00a0<\/td>\n$<\/td>\n9,886<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,943<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,813<\/td>\n\u00a0<\/td>\n$<\/td>\n8,414<\/td>\n\u00a0<\/td>\n$<\/td>\n7,056<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAccruing loans delinquent more than 90 days<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n248<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,982<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n494<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n205<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nSecurities in non-accrual<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,048<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,027<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,030<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n972<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n992<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nForeclosed real estate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nTotal nonperforming assets<\/td>\n\u00a0<\/td>\n$<\/td>\n11,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,952<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,051<\/td>\n\u00a0<\/td>\n$<\/td>\n9,880<\/td>\n\u00a0<\/td>\n$<\/td>\n8,253<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAllowance for loan losses (ALL):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nALL specific allowances for impaired loans<\/td>\n\u00a0<\/td>\n$<\/td>\n338<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n749<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n731<\/td>\n\u00a0<\/td>\n$<\/td>\n716<\/td>\n\u00a0<\/td>\n$<\/td>\n684<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nALL general allowances for loan portfolio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,559<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,675<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,671<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,659<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal ALL<\/td>\n\u00a0<\/td>\n$<\/td>\n12,897<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,398<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,406<\/td>\n\u00a0<\/td>\n$<\/td>\n13,387<\/td>\n\u00a0<\/td>\n$<\/td>\n13,343<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTroubled Debt Restructurings:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nNonaccruing troubled debt restructurings, non-compliant (1) (2)<\/td>\n$<\/td>\n343<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n308<\/td>\n\u00a0<\/td>\n$<\/td>\n300<\/td>\n\u00a0<\/td>\n$<\/td>\n1,122<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nNonaccruing troubled debt restructurings, compliant (2)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n815<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n542<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n657<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n265<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n306<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\nAccruing troubled debt restructurings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,753<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,480<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,484<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,379<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,421<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal troubled debt restructurings<\/td>\n\u00a0<\/td>\n$<\/td>\n3,911<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,474<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,449<\/td>\n\u00a0<\/td>\n$<\/td>\n1,944<\/td>\n\u00a0<\/td>\n$<\/td>\n2,849<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1) “non-compliant” refers to not being within the guidelines of the restructuring agreement<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2) included in nonaccruing loan balances presented above<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nRequired<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTo Be Well<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nActual Ratio<\/td>\n\u00a0<\/td>\nCapitalized<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Capital Adequacy Bank<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCommon equity tier 1 capital to risk-weighted assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTier 1 capital to risk-weighted assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal capital to risk-weighted assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTier 1 capital to adjusted average assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\nTable 1 – Reconciliation of the Non-GAAP Performance Measures<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n (Dollars in thousands)<\/em>\n <\/td>\nQuarter Ended<\/td>\n\u00a0<\/td>\nTwelve Months Ended<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n (unaudited)<\/em>\n <\/td>\nDecember 31, 2022<\/td>\n\u00a0<\/td>\nSeptember 30, 2022<\/td>\nJune 30, 2022<\/td>\n\u00a0<\/td>\nMarch 31, 2022<\/td>\n\u00a0<\/td>\nDecember 31, 2021<\/td>\n\u00a0<\/td>\nDecember 31, 2022<\/td>\n\u00a0<\/td>\nDecember 31, 2021<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core net income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNet income<\/td>\n$<\/td>\n3,958<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,556<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,431<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,311<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,963<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nRealized loss\/(gain) on securities<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(258<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(381<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(771<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(662<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,987<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNet loss recognized on sale of premises and equipment<\/td>\n\u00a0<\/td>\n49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n254<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n303<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nImpairment charge on assets held for sale<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nMerger related expenses<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,852<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,852<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCD premium amortization<\/td>\n\u00a0<\/td>\n(103<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(134<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(175<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(129<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(541<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore deposit amortization<\/td>\n\u00a0<\/td>\n395<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n249<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n994<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nPurchase discount amortization<\/td>\n\u00a0<\/td>\n(760<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(342<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(613<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(234<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(144<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,949<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,041<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nRelated tax benefit\/(cost)<\/td>\n\u00a0<\/td>\n(171<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(33<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(516<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n127<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(585<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n427<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (A)<\/td>\nCore net income<\/td>\n$<\/td>\n4,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,678<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,356<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core diluted earnings per share<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (A)<\/td>\nCore net income<\/td>\n$<\/td>\n4,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,678<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,356<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nDiluted average common shares outstanding<\/td>\n\u00a0<\/td>\n4,261,506<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,260,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,258,503<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,020,815<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,479,988<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,193,340<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,477,309<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore diluted earnings per share<\/td>\n$<\/td>\n1.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.92<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.81<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4.12<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.84<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core return on average assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (A)<\/td>\nCore net income<\/td>\n$<\/td>\n4,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,678<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,356<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage total assets<\/td>\n\u00a0<\/td>\n2,035,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,069,139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,085,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,955,347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,601,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,038,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,573,981<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore return on average assets<\/td>\n\u00a0<\/td>\n0.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.71<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core pre-provision net revenue<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNet interest income<\/td>\n$<\/td>\n16,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n67,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n48,575<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest income<\/td>\n\u00a0<\/td>\n2,839<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,808<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,947<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest expense<\/td>\n\u00a0<\/td>\n(15,645<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,010<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,176<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,269<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,732<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(62,100<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(46,636<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nPre-provision net revenue<\/td>\n\u00a0<\/td>\n4,003<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,127<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,018<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,533<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,558<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,886<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nRealized loss\/(gain) on securities<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(258<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(381<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(711<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(662.00<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,987<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore deposit amortization<\/td>\n\u00a0<\/td>\n395<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n249<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n994<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nPurchase discount amortization<\/td>\n\u00a0<\/td>\n(760<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(342<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(613<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(234<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(144<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,949<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,041<\/td>\n)<\/td>\n<\/tr>\n
    (B)<\/td>\nCore pre-provision net revenue<\/td>\n$<\/td>\n3,638<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5,162<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,557<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,142<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,499<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,852<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core pre-provision net revenue to average assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (B)<\/td>\nCore pre-provision net revenue<\/td>\n$<\/td>\n3,638<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5,162<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,557<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,142<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,499<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,852<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage total assets<\/td>\n\u00a0<\/td>\n2,035,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,069,139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,085,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,955,347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,601,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,038,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,573,981<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore pre-provision net revenue to average assets<\/td>\n\u00a0<\/td>\n0.71<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.87<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.44<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.73<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.76<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.01<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tangible assets (excluding PPP)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal assets<\/td>\n$<\/td>\n2,070,339<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,052,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,101,485<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,097,845<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,620,743<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,070,339<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,620,743<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nGoodwill<\/td>\n\u00a0<\/td>\n(22,395<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,615<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,615<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,774<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,109<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,395<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,109<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nOther Intangibles<\/td>\n\u00a0<\/td>\n(4,794<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,188<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,588<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,998<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,126<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,794<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,126<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nPaycheck Protection Plan (“PPP”) loans<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(226<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(570<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,983<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,072<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,072<\/td>\n)<\/td>\n<\/tr>\n
    (C)<\/td>\nTangible assets (excluding PPP)<\/td>\n$<\/td>\n2,043,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,024,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,072,712<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,059,090<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,584,436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,043,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,584,436<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tangible common equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal stockholder’s equity<\/td>\n$<\/td>\n136,393<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n118,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n136,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n157,637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n156,615<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n136,393<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n156,615<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nGoodwill<\/td>\n\u00a0<\/td>\n(22,395<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,615<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,615<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,774<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,109<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,395<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,109<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nOther intangibles<\/td>\n\u00a0<\/td>\n(4,794<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,188<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,588<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,998<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,126<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,794<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,126<\/td>\n)<\/td>\n<\/tr>\n
    (D)<\/td>\nTangible common equity<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n90,220<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n108,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n128,865<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tangible common equity adjusted for accumulated other comprehensive loss (income)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (D)<\/td>\nTangible common equity<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n90,220<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n108,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n128,865<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAccumulated other comprehensive loss (income)<\/td>\n\u00a0<\/td>\n64,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79,839<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,276<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,276<\/td>\n)<\/td>\n<\/tr>\n
    (I)<\/td>\nTangible common equity adjusted for accumulated other comprehensive loss (income)<\/td>\n$<\/td>\n173,504<\/td>\n\u00a0<\/td>\n$<\/td>\n–<\/td>\n$<\/td>\n170,059<\/td>\n\u00a0<\/td>\n$<\/td>\n–<\/td>\n$<\/td>\n166,232<\/td>\n\u00a0<\/td>\n$<\/td>\n–<\/td>\n$<\/td>\n162,327<\/td>\n\u00a0<\/td>\n$<\/td>\n–<\/td>\n$<\/td>\n138,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n173,504<\/td>\n\u00a0<\/td>\n$<\/td>\n–<\/td>\n$<\/td>\n138,104<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tangible book value per diluted share<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (D)<\/td>\nTangible common equity<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n90,220<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n108,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n128,865<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nShares outstanding<\/td>\n\u00a0<\/td>\n4,298,401<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,297,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,296,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,294,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,480,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,298,401<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,480,701<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTangible book value per diluted share<\/td>\n$<\/td>\n25.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n20.99<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25.24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n30.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n40.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n40.91<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tangible book value per diluted share adjusted for accumulated other comprehensive loss (income)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (I)<\/td>\nTangible common equity adjusted for accumulated other comprehensive loss (income)<\/td>\n$<\/td>\n173,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n170,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n166,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n162,327<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n138,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n173,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n138,104<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nDiluted average common shares outstanding<\/td>\n\u00a0<\/td>\n4,298,401<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,297,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,296,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,294,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,480,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,298,401<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,480,701<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTangible book value per diluted share adjusted for accumulated other comprehensive loss (income)<\/td>\n$<\/td>\n40.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39.57<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n38.69<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n37.80<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39.68<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n40.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39.68<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tangible common equity to tangible assets (excluding PPP)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (D)<\/td>\nTangible common equity<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n90,220<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n108,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n128,865<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,380<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (C)<\/td>\nTangible assets (excluding PPP)<\/td>\n\u00a0<\/td>\n2,043,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,024,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,072,712<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,059,090<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,584,436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,043,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,584,436<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTangible common equity to tangible assets<\/td>\n\u00a0<\/td>\n5.34<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.46<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.23<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.26<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.99<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.34<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.99<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tangible common equity to tangible assets (excluding PPP and AOCI)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (I)<\/td>\nTangible common equity adjusted for accumulated other comprehensive losses (income)<\/td>\n$<\/td>\n173,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n170,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n166,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n162,327<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n138,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n173,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n138,104<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (C)<\/td>\nTangible assets (excluding PPP)<\/td>\n\u00a0<\/td>\n2,043,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,024,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,072,712<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,059,090<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,584,436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,043,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,584,436<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTangible common equity adjusted for accumulated other comprehensive loss (income) to tangible assets<\/td>\n\u00a0<\/td>\n8.49<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.40<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.88<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.72<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.49<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.72<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of average tangible common equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage stockholder’s common equity<\/td>\n$<\/td>\n122,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n133,482<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n142,415<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n170,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n159,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n144,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n155,647<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage goodwill<\/td>\n\u00a0<\/td>\n(22,615<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,615<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,543<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(21,251<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,109<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,157<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,109<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage other intangibles<\/td>\n\u00a0<\/td>\n(5,038<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,438<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,850<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,174<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,270<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,375<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,126<\/td>\n)<\/td>\n<\/tr>\n
    (E)<\/td>\nAverage tangible stockholders’ common equity<\/td>\n$<\/td>\n94,497<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n105,429<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n114,022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n143,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n144,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n116,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n141,412<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core return on average common equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (A)<\/td>\nCore net income<\/td>\n$<\/td>\n4,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,678<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,356<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (E)<\/td>\nAverage tangible common equity<\/td>\n\u00a0<\/td>\n94,497<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,429<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n114,022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n143,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n144,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n116,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n141,412<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore return on average common equity<\/td>\n\u00a0<\/td>\n19.47<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.32<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.44<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core yield on loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nInterest income on loans<\/td>\n$<\/td>\n17,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,122<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,221<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,286<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n62,133<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n41,573<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nLoan accretion income<\/td>\n\u00a0<\/td>\n(760<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(342<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(613<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(234<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(144<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,949<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,041<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAdjusted interest income on loans<\/td>\n\u00a0<\/td>\n16,744<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,780<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,052<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,138<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60,184<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,532<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage loan balances<\/td>\n\u00a0<\/td>\n1,503,543<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,484,678<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,457,625<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,274,407<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n960,606<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,431,017<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n968,185<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore yield on loans<\/td>\n\u00a0<\/td>\n4.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.25<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.22<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.19<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of adjusted allowance for loan loss to total loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAllowance for loan losses<\/td>\n$<\/td>\n(12,897<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(13,398<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(13,406<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(13,387<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(13,343<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(12,897<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(13,343<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAdditional reserves not part of the allowance for loan loss<\/td>\n\u00a0<\/td>\n(6,960<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,708<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,908<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,749<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,428<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,960<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,428<\/td>\n)<\/td>\n<\/tr>\n
    (F)<\/td>\nAdjusted allowance for loan loss<\/td>\n\u00a0<\/td>\n(19,857<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(21,106<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(21,314<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,136<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,771<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(19,857<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,771<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal loans<\/td>\n\u00a0<\/td>\n1,513,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,502,696<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,474,381<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,439,728<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n966,720<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,513,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n966,720<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAdjusted allowance for loan loss to total loans<\/td>\n\u00a0<\/td>\n1.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.40<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.63<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of adjusted allowance for loan loss to nonperforming loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (F)<\/td>\nAdjusted allowance for loan loss<\/td>\n$<\/td>\n(19,857<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(21,106<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(21,314<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(22,136<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,771<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(19,857<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,771<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNonperforming loans<\/td>\n\u00a0<\/td>\n10,134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,925<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,261<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,261<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAdjusted allowance for loan loss to nonperforming loans (coverage ratios)<\/td>\n\u00a0<\/td>\n195.94<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n193.19<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n212.69<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n248.50<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n217.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195.94<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n217.20<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of adjusted allowance for loan loss to total loans excluding PPP<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (F)<\/td>\nAdjusted allowance for loan loss<\/td>\n$<\/td>\n(19,857<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(21,106<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(21,314<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(22,136<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,771<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(19,857<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,771<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal loans<\/td>\n\u00a0<\/td>\n1,513,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,502,696<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,474,381<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,439,728<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n966,720<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,513,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n966,720<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nPPP loans<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(226<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(570<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,983<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,072<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,072<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal loans excluding PPP<\/td>\n\u00a0<\/td>\n1,513,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,502,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,473,811<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,429,745<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n944,648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,513,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n944,648<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAdjusted allowance for loan loss to total loans excluding PPP<\/td>\n\u00a0<\/td>\n1.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.40<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.55<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.67<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core revenue <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNet interest income<\/td>\n$<\/td>\n16,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n67,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n48,575<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest income<\/td>\n\u00a0<\/td>\n2,839<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,808<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,947<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCD premium amortization<\/td>\n\u00a0<\/td>\n(103<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(134<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(175<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(129<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(541<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nPurchase discount amortization<\/td>\n\u00a0<\/td>\n(760<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(342<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(613<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(234<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(144<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,949<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,041<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\nRealized loss\/(gain) on securities<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(258<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(381<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(711<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(662<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,987<\/td>\n)<\/td>\n<\/tr>\n
    (G)<\/td>\nCore revenue<\/td>\n$<\/td>\n18,785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,638<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,935<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n75,506<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n61,494<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core non-interest expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest expense<\/td>\n$<\/td>\n15,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,269<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n62,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n46,636<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nImpairment charge on assets held for sale<\/td>\n\u00a0<\/td>\n(1,232<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,232<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNet loss recognized on sale of premises and equipment<\/td>\n\u00a0<\/td>\n(49<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(254<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(303<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nMerger related expenses<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,852<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,852<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore deposit amortization<\/td>\n\u00a0<\/td>\n(395<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(400<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(410<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(347<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(249<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,552<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(994<\/td>\n)<\/td>\n<\/tr>\n
    (H)<\/td>\nCore non-interest expense<\/td>\n$<\/td>\n13,969<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,356<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,483<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n56,161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n45,642<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core efficiency ratio<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (H)<\/td>\nCore non-interest expense<\/td>\n$<\/td>\n13,969<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,356<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,483<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n56,161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n45,642<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (G)<\/td>\nCore revenue<\/td>\n\u00a0<\/td>\n18,785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,638<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,935<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75,506<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,494<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore efficiency ratio<\/td>\n\u00a0<\/td>\n74.36<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72.87<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.22<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of non-interest expense to total average assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest expense<\/td>\n$<\/td>\n15,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,269<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n62,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n46,636<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage total assets<\/td>\n\u00a0<\/td>\n2,035,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,069,139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,085,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,955,347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,601,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,038,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,573,981<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest expense to total average assets<\/td>\n\u00a0<\/td>\n3.07<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.91<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.18<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.96<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of core non-interest expense to total average assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (H)<\/td>\nCore non-interest expense<\/td>\n$<\/td>\n13,969<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,356<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,483<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n56,161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n45,642<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAverage total assets<\/td>\n\u00a0<\/td>\n2,035,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,069,139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,085,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,955,347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,601,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,038,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,573,981<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nCore non-interest expense to total average assets<\/td>\n\u00a0<\/td>\n2.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.76<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.90<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Calculation of tax adjusted net interest margin<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNet interest income<\/td>\n$<\/td>\n16,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n67,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n48,575<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTax adjusted interest on securities and loans<\/td>\n\u00a0<\/td>\n791<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n817<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n930<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n966<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,232<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nAdjusted net interest income<\/td>\n\u00a0<\/td>\n17,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,324<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,501<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,416<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,653<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,807<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal average earning assets<\/td>\n\u00a0<\/td>\n1,886,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,910,722<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,927,664<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,820,588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,500,183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,888,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,474,372<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTax adjusted net interest margin<\/td>\n\u00a0<\/td>\n3.73<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.84<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.58<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.74<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.51<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n Efficiency Ratio<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal non-interest expense<\/td>\n$<\/td>\n15,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,269<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n62,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n46,636<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nTotal revenue<\/td>\n\u00a0<\/td>\n19,648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,137<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,679<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,265<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,658<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,522<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\nEfficiency ratio<\/td>\n\u00a0<\/td>\n79.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75.15<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.95<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72.28<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \u00a0<\/p>\n<\/p>\n

    \u00a0<\/p>\n


    \n
    \n \n <\/div>\n

    <\/div>\n","protected":false},"excerpt":{"rendered":"

    MUNSTER, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) — Finward Bancorp (Nasdaq: FNWD) (the \u201cBancorp\u201d), the holding company for Peoples Bank (the \u201cBank\u201d), today announced that net income available to common shareholders was $15.1 million, or $3.60 per diluted share, for the twelve months ended December 31, 2022, as compared to $15.0 million, or $4.30 per diluted share, for the corresponding prior year period. For the quarter ended December 31, 2022, the Bancorp\u2019s net income totaled $4.0 million, or $0.93 per diluted share, as compared to $3.3 million, or $0.95 per diluted share, for the quarter ending December 31, 2021. Selected performance metrics are as follows for the periods presented: Finward Bancorp \u00a0 Quarterly Financial Report \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 … <\/p>\n

    Continue reading “Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-725755","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFinward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MUNSTER, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) — Finward Bancorp (Nasdaq: FNWD) (the \u201cBancorp\u201d), the holding company for Peoples Bank (the \u201cBank\u201d), today announced that net income available to common shareholders was $15.1 million, or $3.60 per diluted share, for the twelve months ended December 31, 2022, as compared to $15.0 million, or $4.30 per diluted share, for the corresponding prior year period. For the quarter ended December 31, 2022, the Bancorp\u2019s net income totaled $4.0 million, or $0.93 per diluted share, as compared to $3.3 million, or $0.95 per diluted share, for the quarter ending December 31, 2021. Selected performance metrics are as follows for the periods presented: Finward Bancorp \u00a0 Quarterly Financial Report \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 … Continue reading "Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T14:06:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"30 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022\",\"datePublished\":\"2023-01-25T14:06:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/\"},\"wordCount\":6041,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/\",\"name\":\"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022 - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==\",\"datePublished\":\"2023-01-25T14:06:02+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/","og_locale":"en_US","og_type":"article","og_title":"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022 - Market Newsdesk","og_description":"MUNSTER, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) — Finward Bancorp (Nasdaq: FNWD) (the \u201cBancorp\u201d), the holding company for Peoples Bank (the \u201cBank\u201d), today announced that net income available to common shareholders was $15.1 million, or $3.60 per diluted share, for the twelve months ended December 31, 2022, as compared to $15.0 million, or $4.30 per diluted share, for the corresponding prior year period. For the quarter ended December 31, 2022, the Bancorp\u2019s net income totaled $4.0 million, or $0.93 per diluted share, as compared to $3.3 million, or $0.95 per diluted share, for the quarter ending December 31, 2021. Selected performance metrics are as follows for the periods presented: Finward Bancorp \u00a0 Quarterly Financial Report \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 … Continue reading \"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/","og_site_name":"Market Newsdesk","article_published_time":"2023-01-25T14:06:02+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"30 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022","datePublished":"2023-01-25T14:06:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/"},"wordCount":6041,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/","name":"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022 - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==","datePublished":"2023-01-25T14:06:02+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA==","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNTk3MiM1MzcyMzA5IzUwMDA2NjUwNA=="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/finward-bancorp-announces-earnings-for-the-quarter-and-twelve-months-ended-december-31-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/725755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=725755"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/725755\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=725755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=725755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=725755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}