Quarterly Condensed Statements of Income - Unaudited

The Company’s quarterly net income, net income per common share and dividends per common share during 2018, 2017 and 2016 are summarized as follows:



	2018 Quarter Ended
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Total interest and dividend income	$	7,475	$	7,994	$	8,131	$	8,323
Net interest income after provision for loan losses	6,844		7,518		7,286		6,983
Noninterest income	1,801		1,665		1,804		1,609
Noninterest expenses	5,630		6,166		7,310		6,089
Income before income taxes	3,015		3,017		1,780		2,503
Net income	2,539		2,521		1,860		2,081
Net income per common share, basic	0.73		0.73		0.54		0.60
Net income per common share, diluted	0.73		0.73		0.54		0.60
Dividends per common share	0.23		0.23		0.24		0.24

	2017 Quarter Ended
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Total interest and dividend income	$	6,566	$	7,004	$	7,458	$	7,323
Net interest income after (recovery of) loan losses	6,890		6,985		7,109		6,838
Noninterest income	1,673		1,598		1,617		1,892
Noninterest expenses	5,711		5,747		5,909		5,823
Income before income taxes	2,852		2,836		2,817		2,907
Net income	2,042		2,027		2,007		1,710
Net income per common share, basic	0.59		0.58		0.58		0.49
Net income per common share, diluted	0.59		0.58		0.58		0.49
Dividends per common share	0.22		0.22		0.22		0.22

	2016 Quarter Ended
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Total interest and dividend income	$	6,421	$	6,642	$	6,279	$	6,443
Net interest income after (recovery of) loan losses	6,035		6,345		6,162		6,364
Noninterest income	1,635		1,738		1,687		1,609
Noninterest expenses	5,554		5,832		5,871		5,395
Income before income taxes	2,116		2,251		1,978		2,578
Net income	1,525		1,610		1,430		1,805
Net income per common share, basic	0.43		0.46		0.40		0.52
Net income per common share, diluted	0.43		0.46		0.40		0.52
Dividends per common share	0.20		0.20		0.20		0.22