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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Data  
Schedule Of Quarterly Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

(in thousands)

   

Q4

   

Q3(1)

   

Q2

   

Q1

    

Q4(2)

   

Q3

   

Q2

   

Q1

Interest income

 

$

32,779

 

$

32,308

 

$

31,500

 

$

31,195

 

$

31,081

 

$

30,177

 

$

30,044

 

$

29,964

Interest expense

 

 

2,891

 

 

2,907

 

 

2,967

 

 

2,966

 

 

2,845

 

 

2,810

 

 

1,972

 

 

1,963

Net interest income

 

 

29,888

 

 

29,401

 

 

28,533

 

 

28,229

 

 

28,236

 

 

27,367

 

 

28,072

 

 

28,001

Income before income taxes

 

 

11,825

 

 

13,812

 

 

11,729

 

 

9,715

 

 

5,114

 

 

9,291

 

 

10,596

 

 

10,745

Net income from continuing operations

 

 

8,733

 

 

10,269

 

 

8,532

 

 

7,365

 

 

4,400

 

 

6,954

 

 

7,383

 

 

7,403

Loss from discontinued operations, net of tax

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

(71)

Net income

 

 

8,733

 

 

10,269

 

 

8,532

 

 

7,365

 

 

4,400

 

 

6,954

 

 

7,383

 

 

7,332

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share(3)

 

$

0.21

 

$

0.25

 

$

0.21

 

$

0.18

 

$

0.11

 

$

0.17

 

$

0.17

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share(3)

 

$

0.21

 

$

0.25

 

$

0.21

 

$

0.18

 

$

0.11

 

$

0.17

 

$

0.17

 

$

0.18

 


(1)

Net income for the third quarter of 2016 benefited from noninterest income of $1.4 million on other investments and a $1.2 million provision for loan loss reversal.

(2)

Net income for the fourth quarter of 2015 includes the impact of a $5.4 million provision for loan loss.  See Note 4 – Loans for additional information.

(3)

Due to rounding, the sum of the quarterly earnings per share amounts may not equal earnings per share for the year as disclosed elsewhere in this report.