Quarterly Financial Data

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

NOTE 23 - QUARTERLY FINANCIAL DATA (UNAUDITED)

	Interest Income		Net Interest Income		Net Income		Basic Earnings per Common Share		Diluted Earnings per Common Share
2020
First quarter (1)(2)	$	25,002	$	22,115	$	7,833	$	0.47	$	0.47
Second quarter (1)(2)		24,584		22,075		6,504		0.41		0.41
Third quarter (3)(4)		24,558		22,006		7,682		0.48		0.48
Fourth quarter (3)(4)		25,721		23,531		10,173		0.64		0.64
2019
First quarter (5)(6)	$	24,584	$	21,719	$	9,669	$	0.61	$	0.57
Second quarter (5)(9)		24,926		21,741		8,660		0.55		0.51
Third quarter (7)(9)		24,023		20,418		7,708		0.48		0.46
Fourth quarter (8)		24,521		21,222		7,841		0.48		0.47

( 1 )

Interest income and net interest income increased due to increased volume of interest earning assets, offset by a decrease in interest rate.

(2)	Net income decreased due to an increase in the provision for loan losses.

( 3 )

Interest income and net interest income increased due to increased volume of interest earning assets, offset by decreases in interest earning asset and interest-bearing liabilities rate.

( 4 )

Net income decreased due to an increase in the provision for loan losses, offset by an increase in gain on sale of loans.

( 5 )

Interest income and net interest income increased due to increased volume and rate on loans, non-taxable securities and interest-bearing deposits in other banks.

( 6 )

Net income increased due to fees on tax refund processing program.

( 7 )

Interest income and net interest income decreased due to a decrease in rate on interest earning assets and an increase on rate on interest-bearing liabilities.

( 8 )

Interest income and net interest income increased due to an increase in loan volume and a decrease in rate on interest-bearing liabilities.

( 9 )

Net income decreased due to a decrease in fees on the tax refund program.