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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Note 21 – Quarterly Financial Data (Unaudited)
|  |  |  |  | Net |  |  |  |  |  | Earnings Per Share |
(Dollars in thousands, except per share data) |  | Interest |  |  | Interest |  |  | Net |  |  |  |  |  | Fully |
|  | Income |  |  | Income |  |  | Income |  |  | Basic |  |  | Diluted |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Quarter |  | $ | 5,722 |  |  | $ | 5,330 |  |  | $ | 1,658 |  |  | $ | 0.46 |  |  | $ | 0.46 |
Second Quarter |  |  | 6,141 |  |  |  | 5,595 |  |  |  | 1,833 |  |  |  | 0.51 |  |  |  | 0.51 |
Third Quarter |  |  | 6,212 |  |  |  | 5,522 |  |  |  | 2,014 |  |  |  | 0.55 |  |  |  | 0.55 |
Fourth Quarter |  |  | 6,450 |  |  |  | 5,617 |  |  |  | 1,828 |  |  |  | 0.51 |  |  |  | 0.50 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Quarter |  | $ | 5,161 |  |  | $ | 4,855 |  |  | $ | 1,446 |  |  | $ | 0.40 |  |  | $ | 0.40 |
Second Quarter |  |  | 5,425 |  |  |  | 5,077 |  |  |  | 1,635 |  |  |  | 0.45 |  |  |  | 0.45 |
Third Quarter |  |  | 5,624 |  |  |  | 5,238 |  |  |  | 1,720 |  |  |  | 0.48 |  |  |  | 0.48 |
Fourth Quarter |  |  | 5,831 |  |  |  | 5,393 |  |  |  | 1,367 |  |  |  | 0.37 |  |  |  | 0.37 |
Per share amounts have been adjusted for 5% stock dividends paid on May 31, 2017 and May 31, 2018. The increase that occurred during 2017 and 2018 in interest income and net interest income was due to growth in earning assets and a widening of ChoiceOne’s net interest spread resulting from rising general market interest rates. Higher net income in 2018 compared to 2017 was primarily due to the lower corporate income tax rate in effect during 2018.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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