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Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited)
 
 
Three Months Ended
 
 
December 31,
2019
 
September 30,
2019
 
June 30,
2019
 
March 31,
2019
Income Statement Data:
 
 
 
 
 
 
 
 
Interest income
 
$
37,877

 
$
37,694

 
$
36,844

 
$
34,999

Interest expense
 
22,503

 
22,450

 
20,739

 
18,755

Net interest income
 
15,374

 
15,244

 
16,105

 
16,244

Provision for loan losses
 
468

 
2,824

 
1,389

 
1,285

Net interest income after provision for loan losses
 
14,906

 
12,420

 
14,716

 
14,959

Noninterest income
 
5,405

 
5,558

 
3,454

 
2,372

Noninterest expense
 
12,613

 
11,203

 
11,709

 
11,109

Income before income taxes
 
7,698

 
6,775

 
6,461

 
6,222

Income tax provision
 
602

 
449

 
340

 
526

Net income
 
$
7,096

 
$
6,326

 
$
6,121

 
$
5,696

 
 
 
 
 
 
 
 
 
Per Share Data:
 
 
 
 
 
 
 
 
Net income
 
 
 
 
 
 
 
 
Basic
 
$
0.72

 
$
0.63

 
$
0.60

 
$
0.56

Diluted
 
$
0.72

 
$
0.63

 
$
0.60

 
$
0.56

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
Basic
 
9,825,784

 
9,979,603

 
10,148,285

 
10,217,637

Diluted
 
9,843,829

 
9,980,612

 
10,148,285

 
10,230,531

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
December 31,
2018
 
September 30,
2018
 
June 30,
2018
 
March 31,
2018
Income Statement Data:
 
 
 
 
 
 
 
 
Interest income
 
$
31,849

 
$
30,223

 
$
27,416

 
$
25,979

Interest expense
 
16,428

 
14,253

 
11,955

 
10,564

Net interest income
 
15,421

 
15,970

 
15,461

 
15,415

Provision for loan losses
 
1,487

 
888

 
667

 
850

Net interest income after provision for loan losses
 
13,934

 
15,082

 
14,794

 
14,565

Noninterest income
 
2,047

 
1,994

 
2,177

 
2,542

Noninterest expense
 
12,739

 
10,045

 
10,182

 
10,217

Income before income taxes
 
3,242

 
7,031

 
6,789

 
6,890

Income tax (benefit) provision
 
(334
)
 
743

 
781

 
862

Net income
 
$
3,576

 
$
6,288

 
$
6,008

 
$
6,028

 
 
 
 
 
 
 
 
 
Per Share Data:
 
 
 
 
 
 
 
 
Net income
 
 
 
 
 
 
 
 
Basic
 
$
0.35

 
$
0.61

 
$
0.67

 
$
0.71

Diluted
 
$
0.35

 
$
0.61

 
$
0.67

 
$
0.71

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
Basic
 
10,263,086

 
10,261,967

 
8,909,913

 
8,499,196

Diluted
 
10,275,040

 
10,273,766

 
8,919,460

 
8,542,363