Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

Note 20. Quarterly Results of Operations (Unaudited)

The following is a summary of consolidated unaudited quarterly results of operations:

__________________________________________2019__________________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,641	$	3,590	$	3,574	$	3,709
Interest expense		461		446		450		570
Net interest income		3,180		3,144		3,124		3,139
Provision for credit losses		(179)		(139)		30		173
Net securities gains		—		—		—		3
Income before income taxes		676		818		386		171
Net income		539		606		319		135
Net income per share (basic and diluted)	$	0.19	$	0.21	$	0.11	$	0.05

___________________________________________2018______________________________

(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		528		433		283
Net income		307		439		478		255
Net income per share (basic and diluted)	$	0.11	$	0.16	$	0.17	$	0.09