Unaudited Interim Financial Data
12 Months Ended
Dec. 31, 2014
Unaudited Interim Financial Data  
Unaudited Interim Financial Data

 

Note 24.  Unaudited Interim Financial Data

 

The following table reflects summarized quarterly data for the periods described (unaudited), in thousands, except per share data:

 

 

 

2014

 

 

 

December 31

 

September 30

 

June 30

 

March 31

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

27,657 

 

$

27,511 

 

$

26,656 

 

$

26,251 

 

Interest expense

 

1,570 

 

1,600 

 

1,635 

 

1,694 

 

Net interest income

 

26,087 

 

25,911 

 

25,021 

 

24,557 

 

Provision for loan losses

 

 

 

1,000 

 

1,000 

 

Non-interest income

 

14,739 

 

14,204 

 

15,012 

 

14,986 

 

Non-interest expense

 

28,470 

 

26,298 

 

26,823 

 

26,618 

 

Income before income taxes

 

12,356 

 

13,817 

 

12,210 

 

11,925 

 

Income taxes

 

4,763 

 

4,708 

 

4,025 

 

4,038 

 

Net income

 

$

7,593 

 

$

9,109 

 

$

8,185 

 

$

7,887 

 

Preferred stock dividends

 

182 

 

182 

 

181 

 

182 

 

Net income available to common stockholders

 

$

7,411 

 

$

8,927 

 

$

8,004 

 

$

7,705 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.08 

 

$

0.10 

 

$

0.09 

 

$

0.09 

 

Diluted earnings per share

 

$

0.08 

 

$

0.10 

 

$

0.09 

 

$

0.09 

 

 

 

 

2013

 

 

 

December 31

 

September 30

 

June 30

 

March 31

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

26,885 

 

$

27,236 

 

$

27,460 

 

$

27,115 

 

Interest expense

 

1,881 

 

2,003 

 

2,215 

 

2,532 

 

Net interest income

 

25,004 

 

25,233 

 

25,245 

 

24,583 

 

Provision for loan losses

 

1,500 

 

2,000 

 

2,000 

 

2,000 

 

Non-interest income

 

14,529 

 

15,630 

 

15,783 

 

16,641 

 

Non-interest expense

 

27,585 

 

27,358 

 

27,801 

 

29,567 

 

Income before income taxes

 

10,448 

 

11,505 

 

11,227 

 

9,657 

 

Income taxes

 

3,528 

 

3,572 

 

3,787 

 

3,224 

 

Net income

 

$

6,920 

 

$

7,933 

 

$

7,440 

 

$

6,433 

 

Preferred stock dividends

 

908 

 

909 

 

908 

 

908 

 

Net income available to common stockholders

 

$

6,012 

 

$

7,024 

 

$

6,532 

 

$

5,525 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.07 

 

$

0.08 

 

$

0.08 

 

$

0.06 

 

Diluted earnings per share

 

$

0.07 

 

$

0.08 

 

$

0.08 

 

$

0.06