| Schedule of quarterly financial data |
| |
|
First Quarter |
|
|
Second Quarter |
|
|
Third Quarter |
|
|
Fourth Quarter |
|
| (In thousands) |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest and dividend income |
|
$ |
9,753 |
|
|
$ |
8,112 |
|
|
$ |
10,377 |
|
|
$ |
8,816 |
|
|
$ |
10,833 |
|
|
$ |
9,239 |
|
|
$ |
11,377 |
|
|
$ |
9,615 |
|
| Interest expense |
|
|
1,034 |
|
|
|
781 |
|
|
|
1,213 |
|
|
|
879 |
|
|
|
1,429 |
|
|
|
1,005 |
|
|
|
1,537 |
|
|
|
1,062 |
|
| Net interest and dividend income |
|
|
8,719 |
|
|
|
7,331 |
|
|
|
9,164 |
|
|
|
7,937 |
|
|
|
9,404 |
|
|
|
8,234 |
|
|
|
9,840 |
|
|
|
8,553 |
|
| Provision for loan losses |
|
|
656 |
|
|
|
563 |
|
|
|
638 |
|
|
|
892 |
|
|
|
1,421 |
|
|
|
1,012 |
|
|
|
614 |
|
|
|
462 |
|
| Gain on sale of securities, net |
|
|
- |
|
|
|
482 |
|
|
|
- |
|
|
|
58 |
|
|
|
- |
|
|
|
1,851 |
|
|
|
- |
|
|
|
3,521 |
|
| Other income |
|
|
1,013 |
|
|
|
1,020 |
|
|
|
1,118 |
|
|
|
1,012 |
|
|
|
1,059 |
|
|
|
1,046 |
|
|
|
988 |
|
|
|
966 |
|
| Total noninterest income |
|
|
1,013 |
|
|
|
1,502 |
|
|
|
1,118 |
|
|
|
1,070 |
|
|
|
1,059 |
|
|
|
2,897 |
|
|
|
988 |
|
|
|
4,487 |
|
| Total noninterest expense |
|
|
6,376 |
|
|
|
5,621 |
|
|
|
6,411 |
|
|
|
5,875 |
|
|
|
6,223 |
|
|
|
5,914 |
|
|
|
6,404 |
|
|
|
6,339 |
|
| Income tax expense |
|
|
678 |
|
|
|
847 |
|
|
|
843 |
|
|
|
639 |
|
|
|
741 |
|
|
|
1,434 |
|
|
|
975 |
|
|
|
4,498 |
|
| Net income |
|
$ |
2,022 |
|
|
$ |
1,802 |
|
|
$ |
2,390 |
|
|
$ |
1,601 |
|
|
$ |
2,078 |
|
|
$ |
2,771 |
|
|
$ |
2,835 |
|
|
$ |
1,741 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
0.22 |
|
|
$ |
0.16 |
|
|
$ |
0.26 |
|
|
$ |
0.15 |
|
|
$ |
0.22 |
|
|
$ |
0.19 |
|
|
$ |
0.31 |
|
|
$ |
0.19 |
|
| Diluted |
|
$ |
0.22 |
|
|
$ |
0.16 |
|
|
$ |
0.26 |
|
|
$ |
0.15 |
|
|
$ |
0.22 |
|
|
$ |
0.19 |
|
|
$ |
0.30 |
|
|
$ |
0.19 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted Average Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
9,219,865 |
|
|
|
9,192,568 |
|
|
|
9,233,745 |
|
|
|
9,193,836 |
|
|
|
9,247,367 |
|
|
|
9,201,634 |
|
|
|
9,258,858 |
|
|
|
9,208,854 |
|
| Diluted |
|
|
9,225,003 |
|
|
|
9,192,568 |
|
|
|
9,302,425 |
|
|
|
9,198,286 |
|
|
|
9,355,410 |
|
|
|
9,213,056 |
|
|
|
9,339,431 |
|
|
|
9,257,702 |
|
|