XML 44 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 22 - QUARTERLY FINANCIAL DATA (UNAUDITED)

 

Quarter Ended 2017

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Total interest income

 

$

18,850

 

 

$

20,042

 

 

$

20,551

 

 

$

21,084

 

Total interest expense

 

 

1,319

 

 

 

1,669

 

 

 

1,876

 

 

 

2,017

 

Net interest income

 

 

17,531

 

 

 

18,373

 

 

 

18,675

 

 

 

19,067

 

Provision for loan losses

 

 

1,050

 

 

 

950

 

 

 

950

 

 

 

400

 

Noninterest income

 

 

5,887

 

 

 

6,055

 

 

 

6,058

 

 

 

6,051

 

Merger related costs

 

 

62

 

 

 

104

 

 

 

270

 

 

 

452

 

Noninterest expense

 

 

14,551

 

 

 

15,660

 

 

 

15,521

 

 

 

14,947

 

Income before income taxes

 

 

7,755

 

 

 

7,714

 

 

 

7,992

 

 

 

9,319

 

Income taxes *

 

 

1,972

 

 

 

2,004

 

 

 

2,009

 

 

 

4,084

 

Net income

 

$

5,783

 

 

$

5,710

 

 

$

5,983

 

 

$

5,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - basic and diluted

 

$

0.21

 

 

$

0.21

 

 

$

0.22

 

 

$

0.19

 

 

Quarter Ended 2016

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Total interest income

 

$

17,747

 

 

$

17,950

 

 

$

18,332

 

 

$

18,469

 

Total interest expense

 

 

1,000

 

 

 

1,061

 

 

 

1,139

 

 

 

1,178

 

Net interest income

 

 

16,747

 

 

 

16,889

 

 

 

17,193

 

 

 

17,291

 

Provision for loan losses

 

 

780

 

 

 

990

 

 

 

1,110

 

 

 

990

 

Noninterest income

 

 

4,946

 

 

 

5,737

 

 

 

6,485

 

 

 

6,076

 

Merger related costs

 

 

289

 

 

 

224

 

 

 

31

 

 

 

19

 

Noninterest expense

 

 

14,155

 

 

 

14,559

 

 

 

15,194

 

 

 

14,981

 

Income before income taxes

 

 

6,469

 

 

 

6,853

 

 

 

7,343

 

 

 

7,377

 

Income taxes

 

 

1,671

 

 

 

1,833

 

 

 

1,967

 

 

 

2,014

 

Net income

 

$

4,798

 

 

$

5,020

 

 

$

5,376

 

 

$

5,363

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - basic and diluted

 

$

0.18

 

 

$

0.19

 

 

$

0.20

 

 

$

0.20

 

 

* Income tax expense for the fourth quarter was elevated due to the additional $1.8 million of tax expense from the re-measurement of the Company’s net deferred tax asset.