XML 76 R33.htm IDEA: XBRL DOCUMENT v3.20.1
Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)

25.

Quarterly Results of Operations (unaudited)

 

2019 Quarters

 

Fourth

 

 

Third

 

 

Second

 

 

First

 

 

 

(dollars in thousands, except share data)

 

Interest and Dividend Income

 

$

26,415

 

 

$

26,336

 

 

$

24,470

 

 

$

19,118

 

Interest Expense

 

 

4,807

 

 

 

5,285

 

 

 

4,694

 

 

 

2,857

 

Net Interest and Dividend Income

 

 

21,608

 

 

 

21,051

 

 

 

19,776

 

 

 

16,261

 

Provision for (Release of) Loan Losses

 

 

331

 

 

 

2,170

 

 

 

596

 

 

 

(93

)

Net Interest and Dividend Income after Provision for

   Loan Losses

 

 

21,277

 

 

 

18,881

 

 

 

19,180

 

 

 

16,354

 

Noninterest Income

 

 

9,933

 

 

 

10,366

 

 

 

8,145

 

 

 

7,957

 

Noninterest Expense

 

 

21,428

 

 

 

18,863

 

 

 

21,513

 

 

 

16,373

 

Income Before Taxes

 

 

9,782

 

 

 

10,384

 

 

 

5,812

 

 

 

7,938

 

Income Taxes

 

 

2,673

 

 

 

2,708

 

 

 

1,540

 

 

 

1,740

 

Net Income

 

$

7,109

 

 

$

7,676

 

 

$

4,272

 

 

$

6,198

 

Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Shares Outstanding, Basic

 

 

4,939,973

 

 

 

4,815,020

 

 

 

4,682,109

 

 

 

4,072,805

 

Average Shares Outstanding, Diluted

 

 

4,980,439

 

 

 

4,842,965

 

 

 

4,715,724

 

 

 

4,106,658

 

Basic Earnings Per Share

 

$

1.43

 

 

$

1.58

 

 

$

0.91

 

 

$

1.51

 

Diluted Earnings Per Share

 

$

1.42

 

 

$

1.57

 

 

$

0.90

 

 

$

1.49

 

 

2018 Quarters

 

Fourth

 

 

Third

 

 

Second

 

 

First

 

 

 

(dollars in thousands, except share data)

 

Interest and Dividend Income

 

$

18,385

 

 

$

17,602

 

 

$

16,936

 

 

$

16,132

 

Interest Expense

 

 

1,975

 

 

 

1,431

 

 

 

1,082

 

 

 

979

 

Net Interest and Dividend Income

 

 

16,410

 

 

 

16,171

 

 

 

15,854

 

 

 

15,153

 

Provision for (Release of) Loan Losses

 

 

715

 

 

 

457

 

 

 

(79

)

 

 

409

 

Net Interest and Dividend Income after Provision for

   Loan Losses

 

 

15,695

 

 

 

15,714

 

 

 

15,933

 

 

 

14,744

 

Noninterest Income

 

 

8,038

 

 

 

8,929

 

 

 

7,844

 

 

 

8,178

 

Noninterest Expense

 

 

16,842

 

 

 

15,879

 

 

 

15,765

 

 

 

15,501

 

Income Before Taxes

 

 

6,891

 

 

 

8,764

 

 

 

8,012

 

 

 

7,421

 

Income Taxes

 

 

1,585

 

 

 

2,105

 

 

 

1,901

 

 

 

1,616

 

Net Income

 

$

5,306

 

 

$

6,659

 

 

$

6,111

 

 

$

5,805

 

Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Shares Outstanding, Basic

 

 

4,065,681

 

 

 

4,064,620

 

 

 

4,059,927

 

 

 

4,053,355

 

Average Shares Outstanding, Diluted

 

 

4,102,546

 

 

 

4,101,378

 

 

 

4,094,489

 

 

 

4,071,975

 

Basic Earnings Per Share

 

$

1.29

 

 

$

1.62

 

 

$

1.49

 

 

$

1.42

 

Diluted Earnings Per Share

 

$

1.28

 

 

$

1.61

 

 

$

1.48

 

 

$

1.41