NOTE 22 - QUARTERLY FINANCIAL COMPARISON (Unaudited)


	2016
	Fourth	Third	Second	First
(dollars in thousands)	Quarter	Quarter	Quarter	Quarter

Interest and dividend income	$ 12,584	$ 12,223	$ 11,928	$ 11,312
Interest expense	2,111	2,079	2,033	1,919
Net interest income	10,473	10,144	9,895	9,393
Provision for loan losses	670	698	564	427
Net interest income after provision	9,803	9,446	9,331	8,966

Noninterest income	891	842	777	850
Noninterest expense	7,316	7,311	7,292	7,240

Income before income taxes	3,378	2,977	2,816	2,576
Provision for income taxes	1,356	1,014	1,078	968
Net Income Available to Common Stockholders	$ 2,022	$ 1,963	$ 1,738	$ 1,608

Earnings Per Common Share1
Basic	$ 0.44	$ 0.43	$ 0.38	$ 0.35
Diluted	$ 0.44	$ 0.42	$ 0.38	$ 0.35


	2015
	Fourth	Third	Second	First
(dollars in thousands)	Quarter	Quarter	Quarter	Quarter

Interest and dividend income	$ 11,208	$ 11,002	$ 10,935	$ 10,728
Interest expense	1,860	1,918	1,902	1,665
Net interest income	9,348	9,084	9,033	9,063
Provision for loan losses	362	501	392	178
Net interest income after provision	8,986	8,583	8,641	8,885

Noninterest income	909	466	962	962
Noninterest expense	7,556	7,031	6,888	6,943

Income before income taxes	2,339	2,018	2,715	2,904
Provision for income taxes	811	735	1,004	1,083
Net Income (NI)	$ 1,528	$ 1,283	$ 1,711	$ 1,821
Preferred stock dividends	-	-	-	23
NI Available to Common Stockholders	$ 1,528	$ 1,283	$ 1,711	$ 1,798

Earnings Per Common Share1
Basic	$ 0.33	$ 0.28	$ 0.37	$ 0.38
Diluted	$ 0.33	$ 0.27	$ 0.37	$ 0.38


	2014
	Fourth	Third	Second	First
(dollars in thousands)	Quarter	Quarter	Quarter	Quarter

Interest and dividend income	$ 10,663	$ 10,667	$ 10,254	$ 10,175
Interest expense	1,610	1,663	1,684	1,741
Net interest income	9,053	9,004	8,570	8,434
Provision for loan losses	1,502	385	563	203
Net interest income after provision	7,551	8,619	8,007	8,231

Noninterest income	1,225	1,118	855	895
Noninterest expense	6,652	6,485	6,767	6,331

Income before income taxes	2,124	3,252	2,095	2,795
Provision for income taxes	579	1,363	760	1,074
Net Income (NI)	$ 1,545	$ 1,889	$ 1,335	$ 1,721
Preferred stock dividends	50	50	50	50
NI Available to Common Stockholders	$ 1,495	$ 1,839	$ 1,285	$ 1,671

Earnings Per Common Share1
Basic	$ 0.32	$ 0.40	$ 0.28	$ 0.36
Diluted	$ 0.32	$ 0.39	$ 0.28	$ 0.36

(1) Earnings per share are based upon quarterly results and, when added, may not total the annual earnings per share amounts.