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Summary of Quarterly Consolidated Financial Data | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Data [Abstract] |
Summary of Quarterly Consolidated Financial Data |
(2 5) | Summary of Quarterly Consolidated Financial Data (Unaudited)
The following table presents summarized quarterly financial data for 2019 and 2018. Due to the methodology and rounding of quarterly earnings per share versus full-year earnings per share calculations, the quarterly measures may not equal the full-year measurement disclosed on the respective year’s income statement.
(Dollars in thousands, except per share data) | 2019 Quarter Ended |
| March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest Income | $ | 22,866 |  |  | $ | 23,998 |  |  | $ | 24,513 |  |  | $ | 23,935 |
Interest Expense |  | 5,560 |  |  |  | 6,228 |  |  |  | 6,746 |  |  |  | 6,630 |
Net Interest Income |  | 17,306 |  |  |  | 17,770 |  |  |  | 17,767 |  |  |  | 17,305 |
Provision for Loan and Lease Losses |  | 125 |  |  |  | 465 |  |  |  | 565 |  |  |  | 235 |
Net Interest Income After Provision for Loan Losses |  | 17,181 |  |  |  | 17,305 |  |  |  | 17,202 |  |  |  | 17,070 |
Noninterest Income |  | 2,049 |  |  |  | 2,874 |  |  |  | 3,003 |  |  |  | 4,695 |
Noninterest Expense |  | 14,303 |  |  |  | 14,796 |  |  |  | 14,683 |  |  |  | 16,171 |
Income Before Provision for Income Taxes |  | 4,927 |  |  |  | 5,383 |  |  |  | 5,522 |  |  |  | 5,594 |
Provision for Income Taxes |  | 850 |  |  |  | 980 |  |  |  | 709 |  |  |  | 1,186 |
Net Income | $ | 4,077 |  |  | $ | 4,403 |  |  | $ | 4,813 |  |  | $ | 4,408 |
Per Share Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings Per Common Share | $ | 0.48 |  |  | $ | 0.52 |  |  | $ | 0.57 |  |  | $ | 0.52 |
Cash Dividends Declared |  | 0.25 |  |  |  | 0.18 |  |  |  | 0.18 |  |  |  | 0.18 |
(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 |

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- References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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