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Summary of quarterly financial information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Summary of quarterly financial information (unaudited)  
Summary of quarterly financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

Quarter Ended

 

March 31 

 

June 30 

 

Sept. 30 

 

Dec. 31 

 

Interest income

    

$

17,799

    

$

18,261

    

$

18,831

    

$

19,351

 

Interest expense

 

 

1,956

 

 

2,126

 

 

2,175

 

 

2,441

 

Net interest income

 

 

15,843

 

 

16,135

 

 

16,656

 

 

16,910

 

Provision for loan losses

 

 

1,200

 

 

1,200

 

 

1,200

 

 

1,200

 

Net interest income after provision for loan losses

 

 

14,643

 

 

14,935

 

 

15,456

 

 

15,710

 

Noninterest income

 

 

3,782

 

 

6,379

 

 

3,661

 

 

3,364

 

Noninterest expense

 

 

12,356

 

 

14,002

 

 

12,480

 

 

12,455

 

Income before income taxes

 

 

6,069

 

 

7,312

 

 

6,637

 

 

6,619

 

Income tax expense

 

 

1,269

 

 

1,653

 

 

1,287

 

 

3,971

 

Net income

 

$

4,800

 

$

5,659

 

$

5,350

 

$

2,648

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

0.65

 

$

0.77

 

$

0.72

 

$

0.36

 

Cash dividends declared

 

$

0.31

 

$

0.31

 

$

0.32

 

$

0.32

 

Average common shares outstanding

 

 

7,394,143

 

 

7,396,163

 

 

7,396,505

 

 

7,396,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

Quarter Ended

 

March 31 

 

June 30 

 

Sept. 30 

 

Dec. 31 

 

Interest income

    

$

16,686

    

$

17,058

    

$

17,525

    

$

17,715

 

Interest expense

 

 

1,720

 

 

1,765

 

 

1,825

 

 

1,941

 

Net interest income

 

 

14,966

 

 

15,293

 

 

15,700

 

 

15,774

 

Provision for loan losses

 

 

1,200

 

 

1,200

 

 

1,200

 

 

1,400

 

Net interest income after provision for loan losses

 

 

13,766

 

 

14,093

 

 

14,500

 

 

14,374

 

Noninterest income

 

 

3,891

 

 

4,113

 

 

4,025

 

 

3,859

 

Noninterest expense

 

 

11,618

 

 

12,113

 

 

12,017

 

 

12,282

 

Income before income taxes

 

 

6,039

 

 

6,093

 

 

6,508

 

 

5,951

 

Income tax expense

 

 

1,157

 

 

1,238

 

 

1,390

 

 

1,223

 

Net income

 

$

4,882

 

$

4,855

 

$

5,118

 

$

4,728

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

0.66

 

$

0.66

 

$

0.69

 

$

0.64

 

Cash dividends declared

 

$

0.31

 

$

0.31

 

$

0.31

 

$

0.31

 

Average common shares outstanding

 

 

7,403,510

 

 

7,395,127

 

 

7,394,143

 

 

7,394,143