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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

Note 21 – Quarterly Financial Data (Unaudited) 

 

          Net           Earnings Per Share  
(Dollars in thousands)   Interest     Interest     Net           Fully  
    Income     Income     Income     Basic     Diluted  
2016                              
First Quarter   $ 4,921     $ 4,680     $ 1,274     $ 0.39     $ 0.39  
Second Quarter     5,037       4,789       1,445       0.43       0.43  
Third Quarter     5,168       4,931       1,683       0.52       0.52  
Fourth Quarter     5,186       4,943       1,688       0.51       0.51  
                                         
2015                                        
First Quarter   $ 4,746     $ 4,490     $ 1,642     $ 0.50     $ 0.50  
Second Quarter     4,832       4,578       1,430       0.44       0.43  
Third Quarter     4,870       4,624       1,449       0.44       0.44  
Fourth Quarter     4,904       4,670       1,222       0.37       0.37  

 

There were no significant fluctuations in the quarterly financial data in 2015 or 2016. The growth in net income that occurred in 2016 was due to an increase in interest and non-interest income offset by an increase in interest expense.