Note 20 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

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

2018

and

2017.

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 8
Interest income	$	25,293		$	23,558	$	22,324		$	20,899
Interest expense		5,313			4,412		3,662			2,783
Net interest income		19,980			19,146		18,662			18,116
Provision for loan losses		600			500		800			400
Non-interest income		4,888			5,131		5,768			4,535
Non-interest expense		22,057			20,833		20,729			20,102
Provision for income taxes		54			622		530			372
Net income	$	2,157		$	2,322	$	2,371		$	1,777
Net income per share:
Basic	$	0.04		$	0.04	$	0.04		$	0.03
Diluted	$	0.04		$	0.04	$	0.04		$	0.03
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 (benefit) 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

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