17.QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following is a summary of quarterly results of operations for the years indicated:


	2019
	First		Second		Third		Fourth
(dollars in thousands except per share data)	quarter		quarter		quarter		quarter		Total
Interest income	$	9,655	$	9,657	$	10,008	$	9,949	$	39,269
Interest expense		(1,745)		(1,863)		(2,008)		(1,938)		(7,554)

Net interest income		7,910		7,794		8,000		8,011		31,715
Provision for loan losses		(255)		(255)		(320)		(255)		(1,085)
Gain (loss) on sale of investment securities		(4)		-		(2)		20		14
Other income		2,461		2,489		2,634		2,595		10,179
Other expenses		(6,770)		(6,435)		(6,643)		(7,073)		(26,921)
Income before taxes		3,342		3,593		3,669		3,298		13,902
Provision for income taxes		(540)		(591)		(611)		(584)		(2,326)
Net income	$	2,802	$	3,002	$	3,058	$	2,714	$	11,576
Net income per share - basic	$	0.74	$	0.79	$	0.82	$	0.71	$	3.06
Net income per share - diluted	$	0.73	$	0.79	$	0.80	$	0.71	$	3.03


	2018
	First		Second		Third		Fourth
(dollars in thousands except per share data)	quarter		quarter		quarter		quarter		Total
Interest income	$	8,143	$	8,535	$	9,028	$	9,624	$	35,330
Interest expense		(884)		(1,012)		(1,317)		(1,660)		(4,873)

Net interest income		7,259		7,523		7,711		7,964		30,457
Provision for loan losses		(300)		(425)		(400)		(325)		(1,450)
Gain (loss) on write-down/sale of investment securities		(58)		107		5		-		54
Other income		2,341		2,264		2,278		2,263		9,146
Other expenses		(6,208)		(6,162)		(6,172)		(6,530)		(25,072)
Income before taxes		3,034		3,307		3,422		3,372		13,135
Provision for income taxes		(506)		(539)		(559)		(525)		(2,129)
Net income	$	2,528	$	2,768	$	2,863	$	2,847	$	11,006
Net income per share - basic	$	0.67	$	0.74	$	0.76	$	0.76	$	2.93
Net income per share - diluted	$	0.67	$	0.73	$	0.75	$	0.75	$	2.90


	2017
	First		Second		Third		Fourth
(dollars in thousands except per share data)	quarter		quarter		quarter		quarter		Total
Interest income	$	7,366	$	7,854	$	7,928	$	7,916	$	31,064
Interest expense		(688)		(787)		(882)		(866)		(3,223)

Net interest income		6,678		7,067		7,046		7,050		27,841
Provision for loan losses		(325)		(225)		(375)		(525)		(1,450)
Loss on sale of investment securities		-		-		-		(147)		(147)
Other income		2,105		2,131		2,248		2,029		8,513
Other expenses		(5,797)		(6,051)		(6,035)		(6,953)		(24,836)
Income before taxes		2,661		2,922		2,884		1,455		9,922
(Provision) credit for income taxes		(681)		(739)		(658)		872		(1,206)
Net income	$	1,980	$	2,183	$	2,226	$	2,327	$	8,716
Net income per share - basic	$	0.53	$	0.59	$	0.60	$	0.63	$	2.35
Net income per share - diluted	$	0.53	$	0.59	$	0.60	$	0.61	$	2.33