| Summarized Consolidated Quarterly Financial Data (Unaudited) |
Summarized Consolidated Quarterly Financial Data (Unaudited)
The following table presents summarized consolidated quarterly data for each of the last three years. | | | | | | | | | | | | | | | | | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | (Dollars in thousands, except share data) | 2016 | | | | | | | | Total interest income | $ | 9,562 |
| | $ | 9,896 |
| | $ | 10,842 |
| | $ | 11,409 |
| Total interest expense | 1,781 |
| | 1,713 |
| | 1,908 |
| | 2,105 |
| Net interest income | 7,781 |
| | 8,183 |
| | 8,934 |
| | 9,304 |
| (Recapture of provision) provision for loan losses | (100 | ) | | 600 |
| | 900 |
| | (100 | ) | Net interest income after recapture of provision for loan losses | 7,881 |
| | 7,583 |
| | 8,034 |
| | 9,404 |
| Total noninterest income | 480 |
| | 708 |
| | 673 |
| | 790 |
| Total noninterest expense | 5,773 |
| | 6,072 |
| | 5,254 |
| | 5,850 |
| Income before provision for income taxes | 2,588 |
| | 2,219 |
| | 3,453 |
| | 4,344 |
| Provision for federal income tax expense | 763 |
| | 779 |
| | 847 |
| | 1,323 |
| Net income | $ | 1,825 |
| | $ | 1,440 |
| | $ | 2,606 |
| | $ | 3,021 |
| | | | | | | | | Basic earnings per share | $ | 0.14 |
| | $ | 0.12 |
| | $ | 0.22 |
| | $ | 0.29 |
| Diluted earnings per share | $ | 0.14 |
| | $ | 0.11 |
| | $ | 0.22 |
| | $ | 0.29 |
| | | | | | | | | 2015 | |
| | |
| | |
| | |
| Total interest income | $ | 9,154 |
| | $ | 9,221 |
| | $ | 9,358 |
| | $ | 9,464 |
| Total interest expense | 1,632 |
| | 1,653 |
| | 1,694 |
| | 1,772 |
| Net interest income | 7,522 |
| | 7,568 |
| | 7,664 |
| | 7,692 |
| Recapture of provision for loan losses | (100 | ) | | (500 | ) | | (700 | ) | | (900 | ) | Net interest income after recapture of provision for loan losses | 7,622 |
| | 8,068 |
| | 8,364 |
| | 8,592 |
| Total noninterest income | 91 |
| | 357 |
| | 447 |
| | 384 |
| Total noninterest expense | 4,290 |
| | 4,874 |
| | 5,381 |
| | 5,333 |
| Income before provision for income taxes | 3,423 |
| | 3,551 |
| | 3,430 |
| | 3,643 |
| Provision for federal income tax expense | 1,194 |
| | 1,183 |
| | 984 |
| | 1,526 |
| Net income | $ | 2,229 |
| | $ | 2,368 |
| | $ | 2,446 |
| | $ | 2,117 |
| | | | | | | | | Basic earnings per share | $ | 0.16 |
| | $ | 0.17 |
| | $ | 0.18 |
| | $ | 0.16 |
| Diluted earnings per share (1) | $ | 0.16 |
| | $ | 0.17 |
| | $ | 0.18 |
| | $ | 0.16 |
| | | | | | | | | 2014 | |
| | |
| | |
| | |
| Total interest income | $ | 9,652 |
| | $ | 9,695 |
| | $ | 9,736 |
| | $ | 9,606 |
| Total interest expense | 1,598 |
| | 1,517 |
| | 1,517 |
| | 1,609 |
| Net interest income | 8,054 |
| | 8,178 |
| | 8,219 |
| | 7,997 |
| Recapture of provision for loan losses | (500 | ) | | (100 | ) | | (300 | ) | | (1,200 | ) | Net interest income after recapture of provision for loan losses | 8,554 |
| | 8,278 |
| | 8,519 |
| | 9,197 |
| Total noninterest income | 68 |
| | 88 |
| | 186 |
| | 156 |
| Total noninterest expense | 4,524 |
| | 4,702 |
| | 4,508 |
| | 4,769 |
| Income before provision (benefit) for income taxes | 4,098 |
| | 3,664 |
| | 4,197 |
| | 4,584 |
| Provision for federal income tax expense | 1,453 |
| | 1,297 |
| | 1,462 |
| | 1,644 |
| Net income | $ | 2,645 |
| | $ | 2,367 |
| | $ | 2,735 |
| | $ | 2,940 |
| | | | | | | | | Basic earnings per share (1) | $ | 0.17 |
| | $ | 0.16 |
| | $ | 0.19 |
| | $ | 0.20 |
| Diluted earnings per share (1) | $ | 0.17 |
| | $ | 0.16 |
| | $ | 0.19 |
| | $ | 0.20 |
| (1) Basic and diluted quarterly earnings per share may not equal total for year due to rounding. |
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