Note 25 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Quarterly Financial Information [Text Block]

25

. QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized unaudited quarterly financial data for the years ended

December

31,

2016

and

2015

is as follows:

	Fourth		Third		Second		First
	(In thousands)
2016
Interest income	$	9,336	$	9,210	$	8,998	$	8,672
Interest expense		920		911		898		882
Net interest income		8,416		8,299		8,100		7,790
Provision for credit losses		200		220		325		225
Non-interest income		3,372		3,691		3,548		3,576
Non-interest expense		8,819		8,928		9,047		9,106
Income tax expense		775		948		664		574
Net income	$	1,994	$	1,894	$	1,612	$	1,461
Net income per common share
Basic	$	0.21	$	0.20	$	0.17	$	0.15
Diluted	$	0.21	$	0.20	$	0.17	$	0.15
Dividends per share	$	0.03	$	0.03	$	0.03	$	0.025

	Fourth		Third		Second		First
	(In thousands)
2015
Interest income	$	8,569	$	8,217	$	7,901	$	7,764
Interest expense		841		794		711		708
Net interest income		7,728		7,423		7,190		7,056
Provision for credit losses		325		335		140		-
Non-interest income		3,736		3,766		3,616		3,180
Non-interest expense		9,087		9,007		9,026		9,254
Income tax expense		484		610		486		257
Net income	$	1,568	$	1,237	$	1,154	$	725
Net income per common share
Basic	$	0.17	$	0.13	$	0.12	$	0.08
Diluted	$	0.16	$	0.13	$	0.12	$	0.08
Dividends per share	$	0.025	$	0.025	$	0.025	$	0.025