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Quarterly Income Statements (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Income Statements (Unaudited) | NOTE 24 – QUARTERLY INCOME STATEMENTS (Unaudited) The following table presents the unaudited quarterly condensed income statements for the years 2019 and 2018.
|  | 2019 |  |  | 2018 |
(dollars in thousands) |  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |  |  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
Interest income |  | $ | 33,907 |  |  | $ | 34,669 |  |  | $ | 35,943 |  |  | $ | 37,206 |  |  | $ | 35,181 |  |  | $ | 24,473 |  |  | $ | 22,284 |  |  | $ | 20,177 |
Interest expense |  |  | 10,784 |  |  |  | 11,157 |  |  |  | 11,626 |  |  |  | 11,294 |  |  |  | 9,599 |  |  |  | 5,857 |  |  |  | 4,457 |  |  |  | 3,732 |
Net interest income |  |  | 23,123 |  |  |  | 23,512 |  |  |  | 24,317 |  |  |  | 25,912 |  |  |  | 25,582 |  |  |  | 18,616 |  |  |  | 17,827 |  |  |  | 16,445 |
Provision for credit losses |  |  | 659 |  |  |  | 824 |  |  |  | 357 |  |  |  | 550 |  |  |  | 1,890 |  |  |  | 1,695 |  |  |  | 700 |  |  |  | 184 |
Net interest income after provision for credit losses |  |  | 22,464 |  |  |  | 22,688 |  |  |  | 23,960 |  |  |  | 25,362 |  |  |  | 23,692 |  |  |  | 16,921 |  |  |  | 17,127 |  |  |  | 16,261 |
Noninterest income: |  |  | 5,823 |  |  |  | 2,799 |  |  |  | 5,496 |  |  |  | 4,202 |  |  |  | 5,489 |  |  |  | 2,105 |  |  |  | 2,793 |  |  |  | 2,455 |
Noninterest expense: |  |  | 13,463 |  |  |  | 13,786 |  |  |  | 14,899 |  |  |  | 15,325 |  |  |  | 15,503 |  |  |  | 8,654 |  |  |  | 8,191 |  |  |  | 8,289 |
Income before income taxes |  |  | 14,824 |  |  |  | 11,701 |  |  |  | 14,557 |  |  |  | 14,239 |  |  |  | 13,678 |  |  |  | 10,372 |  |  |  | 11,729 |  |  |  | 10,427 |
Income tax expense |  |  | 4,149 |  |  |  | 3,689 |  |  |  | 4,415 |  |  |  | 3,859 |  |  |  | 4,188 |  |  |  | 2,041 |  |  |  | 2,292 |  |  |  | 1,580 |
Net income |  | $ | 10,675 |  |  | $ | 8,012 |  |  | $ | 10,142 |  |  | $ | 10,380 |  |  | $ | 9,490 |  |  | $ | 8,331 |  |  | $ | 9,437 |  |  | $ | 8,847 |
Net income per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.53 |  |  | $ | 0.40 |  |  | $ | 0.51 |  |  | $ | 0.52 |  |  | $ | 0.48 |  |  | $ | 0.50 |  |  | $ | 0.58 |  |  | $ | 0.55 |
Diluted |  |  | 0.52 |  |  |  | 0.39 |  |  |  | 0.50 |  |  |  | 0.51 |  |  |  | 0.47 |  |  |  | 0.48 |  |  |  | 0.54 |  |  |  | 0.52 |

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- References No definition available. + Details
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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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Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
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