Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2020

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:

__________________________________________2020__________________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,485	$	3,349	$	3,336	$	3,499
Interest expense		313		353		398		451
Net interest income		3,172		2,996		2,938		3,048
Provision for credit losses		(427)		(669)		487		(80)
Net securities gains		6		—		—		—
Income before income taxes		712		1,232		(128)		343
Net income		547		949		(96)		268
Net income per share (basic and diluted)	$	0.20	$	0.33	$	(0.03)	$	0.09

___________________________________________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