Note 20 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Quarterly Financial Information [Text Block]

20

. Quarterly Financial Data (unaudited)

The following represents summarized unaudited quarterly financial data of the Company for each of the quarters ended during

201

7

and

2016.

Summary of Selected Quarterly Consolidated Financial Data

(dollars in thousands, except per share data)

	For the Quarter Ended
	December 31 st			September 30 th			June 30 th			March 31 st
201 7
Interest income	$	19,409		$	17,922		$	17,331		$	16,187
Interest expense		2,542			2,210			2,064			1,968
Net interest income		16,867			15,712			15,267			14,219
Provision for loan losses		400			-			500			-
Non-interest income		5,012			5,778			4,969			4,338
Non-interest expense		21,622			19,165			17,685			16,804
Provision (b enefit) for income taxes		(2,881	)		4			(8	)		(34	)
Net income	$	2,738		$	2,321		$	2,059		$	1,787
Net income per share (1 ) :
Basic	$	0.05		$	0.04		$	0.04		$	0.03
Diluted	$	0.05		$	0.04		$	0.04		$	0.03
201 6
Interest income	$	14,636		$	13,620		$	13,209		$	12,762
Interest expense		1,946			1,834			1,612			1,471
Net interest income		12,690			11,786			11,597			11,291
Provision for loan losses		-			607			650			300
Non-interest income		4,727			5,142			3,031			2,412
Non-interest expense		15,970			15,013			12,967			12,343
Benefit for income taxes		(50	)		(32	)		(12	)		(25	)
Net income	$	1,497		$	1,340		$	1,023		$	1,085
Net income per share (1) :
Basic	$	0.03		$	0.04		$	0.03		$	0.03
Diluted	$	0.03		$	0.03		$	0.03		$	0.03

( 1 ) Quarterly net income per share does not add to full year net income per share due to rounding.