v3.19.1
Quarterly Results of Operations (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following table presents condensed unaudited information relating to quarterly periods in 2018 and 2017. All share and per common share amounts have been adjusted to reflect the Stock Split. Refer to Note 1 for additional information.
Quarterly Results of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
2017
 
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
Interest Income
 
$
18,238

 
$
17,447

 
$
16,778

 
$
16,664

 
$
14,679

 
$
15,003

 
$
14,211

 
$
12,773

Interest Expense
 
3,348

 
2,955

 
2,657

 
2,279

 
2,117

 
2,044

 
1,866

 
1,728

Net Interest Income
 
14,890

 
14,492

 
14,121

 
14,385

 
12,562

 
12,959

 
12,345

 
11,045

Provision for Loan Losses
 
500

 
495

 
630

 
515

 
785

 
700

 
620

 
550

Noninterest Income
 
3,466

 
4,240

 
4,340

 
4,078

 
3,024

 
4,901

 
4,342

 
2,883

Noninterest Expense
 
13,094

 
13,900

 
13,529

 
13,600

 
13,385

 
12,180

 
11,387

 
10,355

Income Before Provision for Income Taxes
 
4,762

 
4,337

 
4,302

 
4,348

 
1,416

 
4,980

 
4,680

 
3,023

Provision for Income Taxes
 
1,276

 
1,190

 
1,158

 
1,358

 
2,062

 
1,941

 
1,822

 
1,164

Net Income (Loss)
 
$
3,486

 
$
3,147

 
$
3,144

 
$
2,990

 
$
(646
)
 
$
3,039

 
$
2,858

 
$
1,859

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings (losses) per common share
 
$
0.26

 
$
0.27

 
$
0.26

 
$
0.26

 
$
(0.06
)
 
$
0.27

 
$
0.26

 
$
0.17

Diluted earnings (losses) per common share
 
$
0.25

 
$
0.26

 
$
0.26

 
$
0.25

 
$
(0.06
)
 
$
0.27

 
$
0.25

 
$
0.17