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Summary of quarterly financial information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Summary of quarterly financial information (unaudited)  
Summary of quarterly financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

Quarter Ended

 

March 31 

 

June 30 

 

Sept. 30 

 

Dec. 31 

 

Interest income

    

$

19,994

    

$

20,766

    

$

21,419

    

$

22,482

 

Interest expense

 

 

2,807

 

 

3,115

 

 

3,466

 

 

3,934

 

Net interest income

 

 

17,187

 

 

17,651

 

 

17,953

 

 

18,548

 

Provision for loan losses

 

 

1,050

 

 

1,050

 

 

1,050

 

 

1,050

 

Net interest income after provision for loan losses

 

 

16,137

 

 

16,601

 

 

16,903

 

 

17,498

 

Noninterest income

 

 

3,572

 

 

3,663

 

 

3,253

 

 

3,171

 

Noninterest expense

 

 

13,081

 

 

13,496

 

 

12,537

 

 

13,373

 

Income before income taxes

 

 

6,628

 

 

6,768

 

 

7,619

 

 

7,296

 

Income tax expense

 

 

774

 

 

811

 

 

902

 

 

904

 

Net income

 

$

5,854

 

$

5,957

 

$

6,717

 

$

6,392

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

0.79

 

$

0.81

 

$

0.91

 

$

0.86

 

Cash dividends declared

 

$

0.32

 

$

0.33

 

$

0.33

 

$

0.33

 

Average common shares outstanding

 

 

7,396,505

 

 

7,396,533

 

 

7,399,054

 

 

7,399,054

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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