NOTES TO CO NSO LIDATED FINANCIAL STATEM ENTS Dollars in Thousands, Except as Noted
16. QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Quarterly results of operations for the years ended December 31, 2021, 2020, and 2019, follow:
Net interest income (Loan loss reversal) provision for loan losses Noninterest expense, net Net income
Net interest income Provision for loan losses (loan loss reversal) Noninterest expense, net Net income
Net interest income Provision for loan losses (loan loss reversal) Noninterest expense, net Net income
2021 First Second Third Fourth Total $ 8,310 $ 9,099 $ 8,965 $ 8,926 $ 35,300 (434) 150 33 (140) (391) 1,130 3,369 3,676 2,594 10,769 $ 7,614 $ 5,580 $ 5,256 $ 6,472 $ 24,922
First 8,728 (62) 1,135 $ 7,655 $
2020 Second Third Fourth Total $ 8,161 $ 8,190 $ 8,105 $ 33,184 216 112 76 342 1,948 3,182 2,289 8,554 $ 5,997 $ 4,896 $ 5,740 $ 24,288
2019 First Second Third Fourth Total $ 8,491 $ 8,240 $ 8,210 $ 8,085 $ 33,026 171 62 108 (137) 204 1,363 2,531 2,634 3,028 9,556 $ 6,957 $ 5,647 $ 5,468 $ 5,194 $ 23,266
17. SUBSEQUENT EVENTS The Association has evaluated subsequent events through March 16, 2022, which is the date the consolidated financial statements were issued, and no material subsequent events were identified .
2 0 2 1 A N N U A L R E P O R T 63
