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Summary of quarterly financial information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Summary of quarterly financial information (unaudited)

Summary of quarterly financial information


		2020
Quarter Ended		March 31			June 30			Sept. 30			Dec. 31
Interest income		$	23,842		$	23,852		$	23,346		$	23,085
Interest expense			4,281			3,345			3,422			3,276
Net interest income			19,561			20,507			19,924			19,809
Provision for loan losses			3,500			1,800			1,050			1,050
Net interest income after provision for loan losses			16,061			18,707			18,874			18,759
Noninterest income			3,550			3,422			4,935			4,735
Noninterest expense			13,651			13,242			13,974			14,001
Income before income taxes			5,960			8,887			9,835			9,493
Income tax expense			679			1,311			1,523			1,308
Net income		$	5,281		$	7,576		$	8,312		$	8,185
Per share data:
Net income - basic		$	0.72		$	1.03		$	1.14		$	1.13
Net income - diluted			0.71			1.03			1.13			1.13
Cash dividends declared		$	0.36		$	0.36		$	0.36		$	0.36
Average common shares outstanding - basic			7,379,438			7,341,636			7,277,189			7,222,810
Average common shares outstanding - diluted			7,405,703			7,376,700			7,312,253			7,257,874


		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 - basic		$	0.87		$	0.96		$	0.97		$	0.68
Net income - diluted			0.87			0.96			0.96			0.68
Cash dividends declared		$	0.34		$	0.34		$	0.34		$	0.35
Average common shares outstanding - basic			7,379,438			7,399,302			7,394,992			7,388,488
Average common shares outstanding - diluted			7,408,536			7,413,114			7,417,403			7,410,899