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Quarterly Financial Data

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Note 19 – Quarterly Financial Data

Quarterly Financial Data—UNAUDITED



		(000’s omitted except per share data)
		Quarter Ended in 2017
		Mar 31				June 30				Sep 30				Dec 31
Summary of Income:
Interest income		$	9,721			$	10,124			$	10,535			$	10,868
Interest expense			1,179				1,253				1,333				1,362

Net Interest Income			8,542				8,871				9,202				9,506
Provision for loan loss			73				25				99				25

Net interest income after provision of loan loss			8,469				8,846				9,103				9,481
Other income (expense)			(4,487	)			(4,325	)			(4,722	)			(4,462	)

Net income before income taxes			3,982				4,521				4,381				5,019
Income taxes			1,143				1,298				1,159				1,583

Net income		$	2,839			$	3,223			$	3,222			$	3,436

Earnings per Common Share ⁽¹⁾		$	0.31			$	0.35			$	0.35			$	0.37

Average common shares outstanding⁽¹⁾			9,241,750				9,241,750				9,252,919				9,266,584


		Quarter Ended in 2016
		Mar 31				June 30				Sep 30				Dec 31
Summary of Income:
Interest income		$	9,004			$	9,387			$	9,590			$	9,746
Interest expense			996				1,047				1,099				1,081

Net Interest Income			8,008				8,340				8,491				8,665
Provision for loan loss			277				339				308				197

Net interest income after provision of loan loss			7,731				8,001				8,183				8,468
Other income (expense)			(4,316	)			(3,773	)			(4,007	)			(3,967	)

Net income before income taxes			3,415				4,228				4,176				4,501
Income taxes			934				1,254				1,161				1,307

Net income		$	2,481			$	2,974			$	3,015			$	3,194

Earnings per Common Share ⁽¹⁾		$	0.27			$	0.32			$	0.33			$	0.35

Average common shares outstanding⁽¹⁾			9,218,452				9,211,068				9,225,532				9,241,662

⁽¹⁾	Share data has been adjusted to reflect a 2-for-1 stock split on September 20, 2017