Quarterly Financial Comparison (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Comparison (Unaudited)

QUARTERLY FINANCIAL COMPARISON (Unaudited)

(dollars in thousands)	2019
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest and dividend income	$	18,279	$	18,259	$	18,118	$	17,797
Interest expense	4,566		4,734		4,859		4,760
Net interest income	13,713		13,525		13,259		13,037
Provision for loan losses	805		450		375		500
Net interest income after provision	12,908		13,075		12,884		12,537
Noninterest income	2,213		1,239		1,253		1,061
Noninterest expense	9,488		9,224		9,116		8,405
Income before income taxes	5,633		5,090		5,021		5,193
Provision for income taxes	1,558		1,397		1,394		1,316
Net Income Available to Common Stockholders	$	4,075	$	3,693	$	3,627	$	3,877
Earnings Per Common Share (1)
Basic	$	0.73	$	0.66	$	0.65	$	0.70
Diluted	$	0.73	$	0.66	$	0.65	$	0.70

(dollars in thousands)	2018
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest and dividend income	$	17,043	$	16,484	$	15,754	$	15,892
Interest expense	4,217		3,724		3,343		3,002
Net interest income	12,826		12,760		12,411		12,890
Provision for loan losses	465		40		400		500
Net interest income after provision	12,361		12,720		12,011		12,390
Noninterest income	1,067		1,069		901		1,031
Noninterest expense	8,240		8,491		9,750		11,668
Income before income taxes	5,188		5,298		3,162		1,753
Provision for income taxes	1,371		1,441		828		533
Net Income Available to Common Stockholders	$	3,817	$	3,857	$	2,334	$	1,220
Earnings Per Common Share (1)
Basic	$	0.69	$	0.70	$	0.42	$	0.22
Diluted	$	0.69	$	0.70	$	0.42	$	0.22

(dollars in thousands)	2017
	Fourth Quarter			Third Quarter		Second Quarter		First Quarter
Interest and dividend income	$	13,573		$	13,680	$	13,395	$	12,922
Interest expense	2,800			2,672		2,462		2,248
Net interest income	10,773			11,008		10,933		10,674
Provision for loan losses	30			224		376		380
Net interest income after provision	10,743			10,784		10,557		10,294
Noninterest income	993			1,157		1,043		848
Noninterest expense	7,739			7,442		7,521		7,352
Income before income taxes	3,997			4,499		4,079		3,790
Provision for income taxes	4,456			1,717		1,536		1,448
Net Income (Loss) Available to Common Stockholders	$	(459	)	$	2,782	$	2,543	$	2,342
Earnings Per Common Share (1)
Basic	$	(0.10	)	$	0.60	$	0.55	$	0.51
Diluted	$	(0.10	)	$	0.60	$	0.55	$	0.51

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