Unaudited Quarterly Financial Information

12 Months Ended

Dec. 31, 2019

Unaudited Quarterly Financial Information

Unaudited Quarterly Financial Information

(29)Unaudited Quarterly Financial Information

	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Full Year
	(Dollars in thousands, except per share data)
2019:
Interest income	$	18,705	$	19,114	$	18,948	$	18,801	$	75,568
Interest expense		3,869		4,452		4,397		4,309		17,027
Net interest income		14,836		14,662		14,551		14,492		58,541
Provision (reversal of provision) for loan losses		5		(51)		111		(4)		61
Net interest income after provision for loan losses		14,831		14,713		14,440		14,496		58,480
Noninterest income		3,440		1,273		2,102		1,017		7,832
Noninterest expense		9,774		9,511		9,401		9,320		38,006
Income before income taxes		8,497		6,475		7,141		6,193		28,306
Income taxes		1,973		1,415		1,775		1,148		6,311
Net income		6,524		5,060		5,366		5,045		21,995
Basic earnings per share		0.71		0.55		0.58		0.54		2.38
Diluted earnings per share		0.70		0.54		0.57		0.53		2.34
Cash dividends declared per common share		0.22		0.32		0.22		0.73		1.49

	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Full Year
	(Dollars in thousands, except per share data)
2018:
Interest income	$	18,234	$	18,182	$	18,278	$	18,607	$	73,301
Interest expense		2,995		3,275		3,517		3,742		13,529
Net interest income		15,239		14,907		14,761		14,865		59,772
Provision (reversal of provision) for loan losses		9		60		(50)		100		119
Net interest income after provision for loan losses		15,230		14,847		14,811		14,765		59,653
Noninterest income		742		837		746		839		3,164
Noninterest expense		9,393		9,374		9,503		9,224		37,494
Income before income taxes		6,579		6,310		6,054		6,380		25,323
Income taxes		1,759		1,347		1,268		1,737		6,111
Net income		4,820		4,963		4,786		4,643		19,212
Basic earnings per share		0.52		0.54		0.52		0.50		2.07
Diluted earnings per share		0.51		0.53		0.51		0.50		2.03
Cash dividends declared per common share		0.20		0.30		0.22		0.42		1.14