Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Note 19 – Quarterly Financial Data

Quarterly Financial Data – UNAUDITED


	(000’s omitted except per share data)
	Quarter Ended in 2014
	Mar 31			June 30			Sep 30			Dec 31
Summary of Income:
Interest income	$	8,159		$	8,304		$	8,471		$	8,519
Interest expense		944			970			895			907

Net Interest Income		7,215			7,334			7,576			7,612
Provision for loan loss		428			444			282			37

Net interest income after provision of loan loss		6,787			6,890			7,294			7,575
Other income (expense)		(3,955	)		(3,456	)		(3,818	)		(3,800	)

Net income before income taxes		2,832			3,434			3,476			3,775
Income taxes		874			881			1,002			1,114

Net income	$	1,958		$	2,553		$	2,474		$	2,661

Earnings per Common Share	$	0.42		$	0.55		$	0.54		$	0.57

Average common shares outstanding		4,637,172			4,626,309			4,621,298			4,627,338


	Quarter Ended in 2013
	Mar 31			June 30			Sep 30			Dec 31
Summary of Income:
Interest income	$	7,702		$	7,765		$	7,844		$	8,117
Interest expense		1,233			1,184			1,129			1,058

Net Interest Income		6,469			6,581			6,715			7,059
Provision for loan loss		167			112			303			276

Net interest income after provision for loan loss		6,302			6,469			6,412			6,783
Other income (expense)		(3,218	)		(2,958	)		(3,555	)		(3,632	)

Net income before income taxes		3,084			3,511			2,857			3,151
Income taxes		932			1,009			791			864

Net income	$	2,152		$	2,502		$	2,066		$	2,287

Earnings per common share	$	0.46		$	0.53		$	0.45		$	0.49

Average common shares outstanding		4,683,659			4,679,971			4,682,655			4,660,096

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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