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Summary of quarterly financial information (unaudited)

12 Months Ended

Dec. 31, 2019

Summary of quarterly financial information (unaudited)

Summary of quarterly financial information (unaudited)

22. Summary of quarterly financial information (unaudited):


		2019
Quarter Ended		March 31			June 30			Sept. 30			Dec. 31
Interest income		$	22,801		$	23,332		$	23,632		$	23,616
Interest expense			4,504			4,604			4,396			4,364
Net interest income			18,297			18,728			19,236			19,252
Provision for loan losses			1,050			350			700			4,000
Net interest income after provision for loan losses			17,247			18,378			18,536			15,252
Noninterest income			3,416			4,152			3,682			3,870
Noninterest expense			13,490			14,429			14,079			13,644
Income before income taxes			7,173			8,101			8,139			5,478
Income tax expense			761			957			991			446
Net income		$	6,412		$	7,144		$	7,148		$	5,032
Per share data:
Net income		$	0.87		$	0.96		$	0.97		$	0.68
Cash dividends declared		$	0.34		$	0.34		$	0.34		$	0.35
Average common shares outstanding			7,399,054			7,399,302			7,394,992			7,388,488


		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