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Summary of Quarterly Consolidated Financial Data
12 Months Ended
Dec. 31, 2018
Quarterly Financial Data [Abstract]  
Summary of Quarterly Consolidated Financial Data

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Summary of Quarterly Consolidated Financial Data (Unaudited)

The following table presents summarized quarterly financial data for 2018 and 2017.  Due to the methodology and rounding of quarterly earnings per share versus full-year earnings per share calculations, the quarterly measures may not equal to the full-year measurement disclosed on the respective year’s income statement.

 

(Dollars in thousands, except per share data)

2018 Quarter Ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest Income

$

12,980

 

 

$

13,720

 

 

$

19,583

 

 

$

22,371

 

Interest Expense

 

2,102

 

 

 

2,306

 

 

 

3,672

 

 

 

4,640

 

Net Interest Income

 

10,878

 

 

 

11,414

 

 

 

15,911

 

 

 

17,731

 

Provision for Loan and Lease Losses

 

125

 

 

 

 

 

 

100

 

 

 

275

 

Net Interest Income After Provision for Loan Losses

 

10,753

 

 

 

11,414

 

 

 

15,811

 

 

 

17,456

 

Noninterest Income

 

1,647

 

 

 

1,559

 

 

 

2,165

 

 

 

2,091

 

Noninterest Expense

 

11,183

 

 

 

9,742

 

 

 

15,264

 

 

 

13,982

 

Income Before Provision for Income Taxes

 

1,217

 

 

 

3,231

 

 

 

2,712

 

 

 

5,565

 

Provision for Income Taxes

 

213

 

 

 

452

 

 

 

548

 

 

 

916

 

Net Income

 

1,004

 

 

 

2,779

 

 

 

2,164

 

 

 

4,649

 

Series D Preferred Stock Dividends

 

 

 

 

 

 

 

38

 

 

 

64

 

Net Income Available to Common

   Shareholders

$

1,004

 

 

$

2,779

 

 

$

2,126

 

 

$

4,585

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

$

0.17

 

 

$

0.45

 

 

$

0.28

 

 

$

0.54

 

Cash Dividends Declared

 

0.00

 

 

 

0.15

 

 

 

0.15

 

 

 

0.15

 

 

 

 

(Dollars in thousands, except per share data)

2017 Quarter Ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest Income

$

10,559

 

 

$

10,879

 

 

$

11,150

 

 

$

11,304

 

Interest Expense

 

1,384

 

 

 

1,469

 

 

 

1,634

 

 

 

1,817

 

Net Interest Income

 

9,175

 

 

 

9,410

 

 

 

9,516

 

 

 

9,487

 

Provision for Loan and Lease Losses

 

125

 

 

 

100

 

 

 

-

 

 

 

100

 

Net Interest Income After Provision

   for Loan Losses

 

9,050

 

 

 

9,310

 

 

 

9,516

 

 

 

9,387

 

Noninterest Income

 

1,436

 

 

 

1,362

 

 

 

1,564

 

 

 

1,331

 

Noninterest Expense

 

7,802

 

 

 

7,558

 

 

 

7,960

 

 

 

8,047

 

Income Before Provision for Income

   Taxes

 

2,684

 

 

 

3,114

 

 

 

3,120

 

 

 

2,671

 

Provision for Income Taxes

 

690

 

 

 

769

 

 

 

871

 

 

 

2,170

 

Net Income Available to Common

   Shareholders

$

1,994

 

 

$

2,345

 

 

$

2,249

 

 

$

501

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common

   Share

$

0.47

 

 

$

0.55

 

 

$

0.53

 

 

$

0.12

 

Cash Dividends Declared

 

0.13

 

 

 

0.13

 

 

 

0.13

 

 

 

0.38