Selected Condensed Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Condensed Quarterly Financial Data (Unaudited)

NOTE 26 – Selected Condensed Quarterly Financial Data (Unaudited)

	2020
	For the quarters ended
(dollars in thousands, except share data)	March 31		June 30		September 30		December 31
Interest income	$	23,866		23,991		23,415		23,547
Interest expense		5,768		4,217		2,778		2,244
Net interest income		18,098		19,774		20,637		21,303
Provision for loan losses		6,000		10,200		11,100		2,300
Noninterest income		3,916		9,207		7,584		6,644
Noninterest expenses		12,372		12,644		14,183		14,544
Income before income tax expense		3,642		6,137		2,938		11,103
Income tax expense		810		1,459		721		2,502
Net income available to common shareholders	$	2,832		4,678		2,217		8,601
Earnings per common share
Basic	$	0.37		0.61		0.29		1.11
Diluted	$	0.36		0.60		0.28		1.10
Weighted average common shares outstanding
Basic		7,678,598		7,722,419		7,732,293		7,740,755
Diluted		7,827,173		7,818,651		7,815,265		7,835,739

	2019
	For the quarters ended
	March 31		June 30		September 30		December 31
Interest income	$	21,612		23,088		24,056		23,896
Interest expense		5,794		6,549		6,777		6,263
Net interest income		15,818		16,539		17,279		17,633
Provision for loan losses		300		300		650		1,050
Noninterest income		2,994		4,090		4,396		3,503
Noninterest expenses		10,648		11,368		11,484		10,973
Income before income tax expense		7,864		8,961		9,541		9,113
Income tax expense		1,855		1,722		2,129		1,915
Net income available to common shareholders	$	6,009		7,239		7,412		7,198
Earnings per common share
Basic	$	0.81		0.97		0.98		0.94
Diluted	$	0.78		0.93		0.95		0.92
Weighted average common shares outstanding
Basic		7,459,342		7,495,508		7,548,184		7,608,241
Diluted		7,741,860		7,756,044		7,780,504		7,810,922