Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Data [Abstract]

Quarterly Financial Data

NOTE Q – QUARTERLY FINANCIAL DATA (Unaudited)

(in thousands, except per share data)	First ‎Quarter		Second ‎Quarter		Third ‎Quarter		Fourth ‎Quarter		Total
2019
Interest income	$	36,553	$	36,490	$	35,884	$	34,923	$	143,850
Interest expense		11,143		11,211		10,990		10,337		43,681
Net interest income		25,410		25,279		24,894		24,586		100,169
Provision (credit) for loan losses		(457)		422		314		(246)		33
Noninterest income before
net securities gains		2,444		2,717		2,720		2,716		10,597
Net gains on sales of securities		—		—		—		14		14
Noninterest expense		15,135		14,776		14,330		16,723		60,964
Income before income taxes		13,176		12,798		12,970		10,839		49,783
Income tax expense		2,335		2,054		2,187		1,652		8,228
Net income		10,841		10,744		10,783		9,187		41,555
Earnings per share:
Basic		0.43		0.43		0.44		0.38		1.68
Diluted		0.43		0.43		0.44		0.38		1.67
Comprehensive income		15,703		14,064		11,246		10,577		51,590
2018
Interest income	$	32,304	$	34,946	$	34,859	$	36,128	$	138,237
Interest expense		7,148		9,061		9,568		9,953		35,730
Net interest income		25,156		25,885		25,291		26,175		102,507
Provision (credit) for loan losses		1,512		803		(1,768)		(2,302)		(1,755)
Noninterest income before
net securities losses		3,292		2,679		2,735		3,979		12,685
Net losses on sales of securities		—		—		(4,960)		(5,446)		(10,406)
Noninterest expense		14,868		15,707		14,242		15,089		59,906
Income before income taxes		12,068		12,054		10,592		11,921		46,635
Income tax expense		957		1,739		535		1,831		5,062
Net income		11,111		10,315		10,057		10,090		41,573
Earnings per share:
Basic		0.44		0.41		0.39		0.40		1.64
Diluted		0.44		0.40		0.39		0.39		1.63
Comprehensive income		2,925		7,869		8,952		12,118		31,864