Quarterly Information

The following tables provide unaudited financial information by quarter for each of the past two years:



Dollars in thousands except per share data	2015Q1			2015Q2			2015Q3			2015Q4			2016Q1			2016Q2			2016Q3			2016Q4
Balance Sheets
Cash and cash equivalents	$	13,855		$	16,481		$	19,169		$	14,299		$	14,533		$	20,838		$	23,456		$	17,366
Interest-bearing deposits in other banks	336			24,565			301			4,013			6,372			7,568			15,098			293
Investments	418,772			463,064			461,255			463,062			453,336			457,599			471,063			527,244
Restricted equity securities	13,912			13,912			13,912			14,257			13,875			14,441			14,048			11,930
Net loans and loans held for sale	928,973			953,201			953,674			979,071			994,947			1,029,568			1,019,922			1,062,170
Other assets	82,984			82,117			91,361			90,108			91,618			91,440			91,501			93,872
Total assets	$	1,458,832		$	1,553,340		$	1,539,672		$	1,564,810		$	1,574,681		$	1,621,454		$	1,635,088		$	1,712,875
Deposits	$	966,825		$	1,096,323		$	1,058,365		$	1,043,189		$	1,109,441		$	1,145,709		$	1,173,749		$	1,242,957
Borrowed funds	312,576			278,013			297,369			337,457			276,531			283,095			268,098			278,901
Other liabilities	15,915			15,195			16,797			16,666			17,165			17,862			17,247			18,496
Shareholders' equity	163,516			163,809			167,141			167,498			171,544			174,788			175,994			172,521
Total liabilities & equity	$	1,458,832		$	1,553,340		$	1,539,672		$	1,564,810		$	1,574,681		$	1,621,454		$	1,635,088		$	1,712,875
Income and Comprehensive Income Statements
Interest income	$	12,365		$	12,574		$	12,833		$	13,038		$	13,276		$	13,600		$	13,283		$	13,600
Interest expense	2,663			2,496			2,322			2,393			2,547			2,649			2,754			2,862
Net interest income	9,702			10,078			10,511			10,645			10,729			10,951			10,529			10,738
Provision for loan losses	500			400			200			450			375			375			375			475
Net interest income after provision for loan losses	9,202			9,678			10,311			10,195			10,354			10,576			10,154			10,263
Non-interest income	3,658			2,834			2,975			2,763			2,964			3,006			3,469			3,060
Non-interest expense	7,265			6,980			7,707			7,944			7,200			7,245			7,405			7,533
Income before taxes	5,595			5,532			5,579			5,014			6,118			6,337			6,218			5,790
Income taxes	1,420			1,458			1,391			1,245			1,615			1,713			1,656			1,470
Net income	$	4,175		$	4,074		$	4,188		$	3,769		$	4,503		$	4,624		$	4,562		$	4,320
Basic earnings per share	$	0.39		$	0.38		$	0.39		$	0.36		$	0.42		$	0.43		$	0.43		$	0.40
Diluted earnings per share	$	0.39		$	0.38		$	0.39		$	0.35		$	0.42		$	0.43		$	0.42		$	0.39
Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on securities available for sale	$	57		$	(1,591	)	$	1,330		$	(1,195	)	$	1,852		$	1,025		$	(1,292	)	$	(3,643	)
Net unrealized gain (loss) on securities transfered from available for sale to held to maturity	(19		)	(17		)	(15		)	(13		)	(11		)	(10		)	9			(5		)
Net unrealized gain (loss) on cash flow hedging derivative instruments	—			—			—			—			—			(135		)	193			1,105
Unrecognized gain (loss) on postretirement benefit costs	—			—			—			(31		)	—			—			—			54
Other comprehensive income (loss)	$	38		$	(1,608	)	$	1,315		$	(1,239	)	$	1,841		$	880		$	(1,090	)	$	(2,489	)
Comprehensive income	$	4,213		$	2,466		$	5,503		$	2,530		$	6,344		$	5,504		$	3,472		$	1,831