Quarterly Results of Operations (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Results of Operations (Unaudited)

Schedule of summary of consolidated unaudited quarterly results of operations

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,844	$	3,862	$	3,543	$	3,444
Interest expense		599		560		490		452
Net interest income		3,245		3,302		3,053		2,992
Provision for credit losses		255		246		(5)		360
Net securities gains		—		—		—		—
Income before income taxes		365		631		433		283
Net income		307		542		478		255
Net income per share (basic and diluted)	$	0.11	$	0.19	$	0.17	$	0.09

___________________________________________2017______________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,466	$	3,434	$	3,383	$	3,324
Interest expense		460		499		487		491
Net interest income		3,006		2,935		2,896		2,833
Provision for credit losses		93		78		(30)		195
Net securities gains		—		—		1		—
Income before income taxes		565		512		401		346
Net income		(152)		411		338		316
Net income per share (basic and diluted)	$	(0.05)	$	0.15	$	0.12	$	0.11