Record net income of $16.7 million, or $0.87 diluted earnings per share, increased $1.2 million, or 7.6%, from the prior quarter and increased $1.3 million, or 8.4%, from the third quarter of 2021

Loans grew by $176.2 million, or 22.9% annualized, from the end of the prior quarter

Net interest income increased to a record $39.0 million as loans grew and margins improved

Expenses declined as expected due to the near conclusion of the Board of Directors investigation