Note 20 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

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

2019

and

2018.

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 9
Interest income	$	26,892		$	26,208		$	26,245	$	25,519
Interest expense		6,978			6,826			6,874		6,379
Net interest income		19,914			19,382			19,371		19,140
Provision for loan losses		1,155			450			-		300
Non-interest income		5,213			6,554			7,026		4,945
Non-interest expense		27,488			27,824			25,911		23,267
Provision (benefit) for income taxes		(1,031	)		(516	)		105		92
Net income (loss)	$	(2,485	)	$	(1,822	)	$	381	$	426
Net income (loss) per share:
Basic	$	(0.04	)	$	(0.03	)	$	0.01	$	0.01
Diluted	$	(0.04	)	$	(0.03	)	$	0.01	$	0.01
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 (1) :
Basic	$	0.04		$	0.04		$	0.04	$	0.03
Diluted	$	0.04		$	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.