QUARTERLY DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2018

Quarterly results of operations were as follows during 2018 and 2017:



	2018
(in thousands, except per share data)	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest and dividend income	$	32,772	$	32,184	$	31,718	$	30,777
Interest expense	10,508		9,715		8,726		7,619
Net interest income	22,264		22,469		22,992		23,158
Non-interest income	7,450		7,126		7,121		6,238
Provision for loan losses	572		643		770		795
Non-interest expense	20,096		17,906		18,685		18,852
Income before income taxes	9,046		11,046		10,658		9,749
Income tax expense	1,426		2,076		2,123		1,937
Net income	$	7,620	$	8,970	$	8,535	$	7,812

Basic earnings per share	$	0.49	$	0.58	$	0.55	$	0.51
Diluted earnings per share	0.49		0.58		0.55		0.50

Weighted average shares outstanding:
Basic	15,516		15,503		15,482		15,448
Diluted	15,574		15,580		15,571		15,553



	2017
(in thousands, except per share data)	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest and dividend income	$	30,156	$	30,063	$	29,665	$	26,185
Interest expense	6,660		6,585		5,856		4,813
Net interest income	23,496		23,478		23,809		21,372
Non-interest income	6,518		6,960		6,558		5,946
Provision for loan losses	597		660		736		795
Non-interest expense	14,263		17,586		20,046		20,831
Income before income taxes	15,154		12,192		9,585		5,692
Income tax expense	8,545		3,575		3,029		1,481
Net income	$	6,609	$	8,617	$	6,556	$	4,211

Basic earnings per share	$	0.43	$	0.56	$	0.43	$	0.29
Diluted earnings per share	0.43		0.56		0.42		0.29

Weighted average shares outstanding:
Basic	15,437		15,420		15,393		14,471
Diluted	15,537		15,511		15,506		14,591