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Note S - Consolidated Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
Note
S
- Consolidated Quarterly Financial Information
(unaudited)
 
   
Quarters Ended
  
   
Mar. 31
    
Jun. 30
    
Sept. 30
    
Dec. 31
  
201
8
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total interest income
   $
12,709
     $
11,938
     $
12,181
     $
12,369
  
Total interest expense
    
1,199
      
1,298
      
1,418
      
1,556
  
Net interest income
    
11,510
      
10,640
      
10,763
      
10,813
  
Provision for loan losses
(
1
)
    
756
      
(23
)
    
962
      
(656
)
Noninterest income
(
3
)
    
3,076
      
2,538
      
1,927
      
1,397
  
Noninterest expense
    
9,808
      
9,674
      
9,761
      
8,183
  
Net income
    
3,366
      
2,976
      
1,746
      
3,856
  
                                 
Earnings per share
   $
0.71
     $
0.63
     $
0.37
     $
0.82
  
                                 
                                 
201
7
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total interest income
   $
11,738
     $
10,989
     $
11,317
     $
11,664
  
Total interest expense
    
873
      
918
      
1,049
      
1,135
  
Net interest income
    
10,865
      
10,071
      
10,268
      
10,529
  
Provision for loan losses
(
2
)
    
145
      
175
      
1,601
      
643
  
Noninterest income
(
3
)
    
3,113
      
2,112
      
2,282
      
1,928
  
Noninterest expense
    
9,375
      
9,876
      
9,222
      
8,136
  
Net income
    
3,217
      
1,741
      
1,653
      
898
  
                                 
Earnings per share
   $
0.69
     $
0.37
     $
0.35
     $
0.19
  
 
(
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.