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Note S - Consolidated Quarterly Financial Information (Unaudited) - Consolidated Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Total interest income $ 12,369 $ 12,181 $ 11,938 $ 12,709 $ 11,664 $ 11,317 $ 10,989 $ 11,738 $ 49,197 $ 45,708 $ 39,348
Total interest expense 1,556 1,418 1,298 1,199 1,135 1,049 918 873 5,471 3,975 3,022
Net interest income 10,813 10,763 10,640 11,510 10,529 10,268 10,071 10,865 43,726 41,733 36,326
Provision for loan losses (656) [1] 962 [1] (23) [1] 756 [1] 643 [2] 1,601 [2] 175 [2] 145 [2] 1,039 2,564 2,826
1,397 [3] 1,927 [3] 2,538 [3] 3,076 [3] 1,928 [3] 2,282 [3] 2,112 [3] 3,113 [3] 8,938 9,435 8,239
Noninterest expense 8,183 9,761 9,674 9,808 8,136 9,222 9,876 9,375 37,426 36,609 32,899
Net income $ 3,856 $ 1,746 $ 2,976 $ 3,366 $ 898 $ 1,653 $ 1,741 $ 3,217 $ 11,944 $ 7,509 $ 6,920
Earnings per share (in dollars per share) $ 0.82 $ 0.37 $ 0.63 $ 0.71 $ 0.19 $ 0.35 $ 0.37 $ 0.69 $ 2.53 $ 1.60 $ 1.59
[1] During the second and fourth quarters of 2018, the Company experienced negative provision expense in large part to the improvement in certain economic risk factors during those periods. This included lower classified loans, as well as the improvements in historical loan loss rates, loan delinquency, and regional unemployment conditions.
[2] During the third quarter of 2017, the Company experienced higher provision expense that was primarily related to general increases in specific allocations and increases in charge-offs within the commercial and residential real estate portfolios.
[3] The Company's noninterest income was significantly impacted by seasonal tax refund processing fees. The Bank serves as a facilitator for the clearing of tax refunds for a single tax refund product provider. The Bank processes electronic refund checks/deposits associated with taxpayer refunds, and will, in turn, receive a fee paid by the third-party tax refund product provider for each transaction processed. Due to the seasonal nature of tax refund transactions, the majority of income was recorded during the first quarter.