SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

12 Months Ended

Dec. 31, 2020

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

NOTE V - SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

($ in thousands, except per share amounts)	March 31		June 30		Sept. 30		Dec. 31
2020
Total interest income	$	41,598	$	45,799	$	46,338	$	45,613
Total interest expense		7,533		6,619		6,365		6,147
Net interest income	$	34,065	$	39,180	$	39,973	$	39,466
Provision for loan losses		7,102		7,606		6,921		3,522
Net interest income after provision for loan losses		26,963		31,574		33,052		35,944
Total non-interest income		6,474		15,680		8,794		10,928
Total non-interest expense		23,439		28,070		26,936		27,896
Income tax expense		1,687		2,241		2,993		3,642
Net income available to common stockholders	$	8,311	$	16,943	$	11,917	$	15,334
Per common share:
Net income, basic	$	0.44	$	0.79	$	0.56	$	0.72
Net income, diluted		0.44		0.79		0.55		0.72
Cash dividends declared		0.10		0.10		0.10		0.12
2019
Total interest income	$	33,273	$	37,571	$	37,241	$	40,444
Total interest expense		6,142		6,799		6,782		7,000
Net interest income	$	27,131	$	30,772	$	30,459	$	33,444
Provision for loan losses		1,123		791		974		850
Net interest income after provision for loan losses		26,008		29,981		29,485		32,594
Total non-interest income		5,554		6,716		7,103		7,574
Total non-interest expense		21,893		20,891		20,825		24,960
Income tax expense		2,034		3,823		3,491		3,353
Net income available to common stockholders	$	7,635	$	11,983	$	12,272	$	11,855
Per common share:
Net income, basic	$	0.48	$	0.69	$	0.71	$	0.64
Net income, diluted		0.63		0.70		0.74		0.72
Cash dividends declared		0.07		0.08		0.08		0.08
2018
Total interest income	$	18,758	$	25,037	$	25,628	$	30,555
Total interest expense		2,379		3,468		3,959		5,285
Net interest income	$	16,379	$	21,569	$	21,669	$	25,270
Provision for loan losses		277		857		412		574
Net interest income after provision for loan losses		16,102		20,712		21,257		24,696
Total non-interest income		3,459		5,632		5,074		6,396
Total non-interest expense		14,596		19,680		19,786		22,249
Income tax expense		1,008		1,419		1,383		1,982
Net income available to common stockholders	$	3,957	$	5,245	$	5,162	$	6,861
Per common share:
Net income, basic	$	0.34	$	0.40	$	0.39	$	0.48
Net income, diluted		0.34		0.40		0.39		0.48
Cash dividends declared		0.05		0.05		0.05		0.05