XML 43 R48.htm IDEA: XBRL DOCUMENT
v3.20.1

QUARTERLY DATA (UNAUDITED) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information | Quarterly results of operations were as follows during 2019 and 2018:
|  | 2019
(in thousands, except per share data) |  | Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Interest and dividend income |  | $ | 34,117 |  |  | $ | 34,262 |  |  | $ | 33,785 |  |  | $ | 33,227 |
Interest expense |  | 10,013 |  |  | 11,817 |  |  | 12,289 |  |  | 11,462 |
Net interest income |  | 24,104 |  |  | 22,445 |  |  | 21,496 |  |  | 21,765 |
Non-interest income |  | 7,806 |  |  | 7,643 |  |  | 7,453 |  |  | 6,167 |
Provision for loan losses |  | 538 |  |  | 893 |  |  | 562 |  |  | 324 |
Non-interest expense |  | 26,803 |  |  | 23,400 |  |  | 20,906 |  |  | 18,624 |
Income before income taxes |  | 4,569 |  |  | 5,795 |  |  | 7,481 |  |  | 8,984 |
Income tax expense |  | 362 |  |  | 780 |  |  | 1,364 |  |  | 1,703 |
Net income |  | $ | 4,207 |  |  | $ | 5,015 |  |  | $ | 6,117 |  |  | $ | 7,281 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.27 |  |  | $ | 0.32 |  |  | $ | 0.39 |  |  | $ | 0.47 |
Diluted |  | $ | 0.27 |  |  | $ | 0.32 |  |  | $ | 0.39 |  |  | $ | 0.47 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |
Basic |  | 15,554 |  |  | 15,547 |  |  | 15,538 |  |  | 15,523 |
Diluted |  | 15,602 |  |  | 15,581 |  |  | 15,586 |  |  | 15,587 |
|  | 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 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.49 |  |  | $ | 0.58 |  |  | $ | 0.55 |  |  | $ | 0.51 |
Diluted |  | $ | 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 |

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration