Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information [Abstract]

Schedule of Quarterly Financial Information

	2020
	First		Second		Third		Fourth
(dollars in thousands except per share data)	quarter		quarter		quarter		quarter		Total
Interest income	$	9,711	$	12,250	$	13,699	$	13,836	$	49,496
Interest expense		(1,705)		(1,429)		(1,163)		(1,014)		(5,311)
Net interest income		8,006		10,821		12,536		12,822		44,185
Provision for loan losses		(300)		(1,900)		(1,500)		(1,550)		(5,250)
Gain on sale of investment securities		-		-		-		115		115
Other income		2,755		2,708		4,370		4,720		14,553
Other expenses		(7,304)		(11,311)		(9,474)		(10,230)		(38,319)
Income before taxes		3,157		318		5,932		5,877		15,284
Provision for income taxes		(523)		(66)		(955)		(705)		(2,249)
Net income	$	2,634	$	252	$	4,977	$	5,172	$	13,035
Net income per share - basic	$	0.69	$	0.05	$	1.00	$	1.04	$	2.84
Net income per share - diluted	$	0.69	$	0.05	$	0.99	$	1.03	$	2.82

	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