Consolidated Quarterly Results of Operations (unaudited)

12 Months Ended

Dec. 31, 2019


(dollars in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year Ended December 31, 2019
Total interest income	$	25,369	$	25,921	$	25,474	$	25,444
Total interest expense	3,647		4,046		4,333		4,186
Net interest income	21,722		21,875		21,141		21,258
Provision for loan losses	390		765		1,146		713
Net interest income after provision for loan losses	21,332		21,110		19,995		20,545
Noninterest income	3,165		2,977		4,774		3,499
Noninterest expense	15,291		15,952		16,610		15,752
Income before income taxes	9,206		8,135		8,159		8,292
Income tax expense	1,316		1,555		1,303		1,686
Net income	$	7,890	$	6,580	$	6,856	$	6,606
Earnings per share – basic	$	0.86	$	0.72	$	0.76	$	0.74
Earnings per share – diluted	$	0.85	$	0.72	$	0.75	$	0.73

(dollars in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year Ended December 31, 2018
Total interest income	$	24,725	$	25,575	$	26,109	$	25,903
Total interest expense	2,220		2,239		2,599		3,248
Net interest income	22,505		23,336		23,510		22,655
Provision for loan losses	964		581		786		1,612
Net interest income after provision for loan losses	21,541		22,755		22,724		21,043
Noninterest income	3,482		3,345		3,341		3,279
Noninterest expense	15,590		16,322		15,696		15,617
Income before income taxes	9,433		9,778		10,369		8,705
Income tax expense	1,970		2,002		2,107		616
Net income	$	7,463	$	7,776	$	8,262	$	8,089
Earnings per share – basic	$	0.83	$	0.85	$	0.91	$	0.89
Earnings per share – diluted	$	0.81	$	0.83	$	0.89	$	0.87