| Unaudited Quarterly Financial Data |
Note 15 — Unaudited Quarterly Financial Data
Summarized unaudited quarterly financial data is as follows:
|
|
|
Quarters Ended 2016 |
|
|
(Dollars in thousands, except share and per share data) |
|
March 31 |
|
|
June 30 |
|
|
September 30 |
|
|
December 31 |
|
|
Net interest income |
|
$ |
16,700 |
|
|
$ |
17,211 |
|
|
$ |
17,637 |
|
|
$ |
18,333 |
|
|
Provision for loan losses |
|
|
200 |
|
|
|
225 |
|
|
|
325 |
|
|
|
150 |
|
|
Non-interest income |
|
|
3,763 |
|
|
|
4,398 |
|
|
|
4,386 |
|
|
|
4,332 |
|
|
Non-interest expense |
|
|
12,135 |
|
|
|
12,400 |
|
|
|
11,902 |
|
|
|
12,540 |
|
|
Income before income tax expense |
|
|
8,128 |
|
|
|
8,984 |
|
|
|
9,796 |
|
|
|
9,975 |
|
|
Income tax expense |
|
|
2,885 |
|
|
|
3,407 |
|
|
|
3,548 |
|
|
|
3,433 |
|
|
Net income |
|
$ |
5,243 |
|
|
$ |
5,577 |
|
|
$ |
6,248 |
|
|
$ |
6,542 |
|
|
Earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.30 |
|
|
$ |
0.31 |
|
|
$ |
0.35 |
|
|
$ |
0.37 |
|
|
Diluted |
|
$ |
0.29 |
|
|
$ |
0.31 |
|
|
$ |
0.34 |
|
|
$ |
0.36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarters Ended 2015 |
|
|
(Dollars in thousands, except share and per share data) |
|
March 31 |
|
|
June 30 |
|
|
September 30 |
|
|
December 31 |
|
|
Net interest income |
|
$ |
14,499 |
|
|
$ |
14,903 |
|
|
$ |
15,789 |
|
|
$ |
16,449 |
|
|
Provision for loan losses |
|
|
150 |
|
|
|
450 |
|
|
|
200 |
|
|
|
200 |
|
|
Non-interest income |
|
|
4,144 |
|
|
|
4,143 |
|
|
|
3,965 |
|
|
|
3,752 |
|
|
Non-interest expense |
|
|
11,219 |
|
|
|
11,483 |
|
|
|
11,444 |
|
|
|
12,622 |
|
|
Income before income tax expense |
|
|
7,274 |
|
|
|
7,113 |
|
|
|
8,110 |
|
|
|
7,379 |
|
|
Income tax expense |
|
|
2,476 |
|
|
|
2,449 |
|
|
|
2,844 |
|
|
|
2,493 |
|
|
Net income |
|
$ |
4,798 |
|
|
$ |
4,664 |
|
|
$ |
5,266 |
|
|
$ |
4,886 |
|
|
Earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.32 |
|
|
$ |
0.31 |
|
|
$ |
0.30 |
|
|
$ |
0.28 |
|
|
Diluted |
|
$ |
0.31 |
|
|
$ |
0.30 |
|
|
$ |
0.29 |
|
|
$ |
0.27 |
|
|