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	2016Q1			2016Q2			2016Q3			2016Q4			2017Q1			2017Q2			2017Q3			2017Q4
Balance Sheets
Cash and cash equivalents	$	14,533		$	20,838		$	23,456		$	17,366		$	17,600		$	23,718		$	22,375		$	19,207
Interest-bearing deposits in other banks	6,372			7,568			15,098			293			3,272			291			584			860
Investments	453,336			457,599			471,063			527,244			553,453			552,269			541,678			556,739
Restricted equity securities	13,875			14,441			14,048			11,930			13,363			12,311			10,798			10,358
Net loans and loans held for sale	994,947			1,029,568			1,019,922			1,062,170			1,080,347			1,110,919			1,110,508			1,153,796
Other assets	91,618			91,440			91,501			93,872			95,793			96,143			95,758			101,970
Total assets	$	1,574,681		$	1,621,454		$	1,635,088		$	1,712,875		$	1,763,828		$	1,795,651		$	1,781,701		$	1,842,930
Deposits	$	1,109,441		$	1,145,709		$	1,173,749		$	1,242,957		$	1,346,483		$	1,319,259		$	1,350,049		$	1,418,879
Borrowed funds	276,531			283,095			268,098			278,901			226,467			282,277			234,328			228,758
Other liabilities	17,165			17,862			17,247			18,496			15,968			16,578			17,442			13,972
Shareholders' equity	171,544			174,788			175,994			172,521			174,910			177,537			179,882			181,321
Total liabilities & equity	$	1,574,681		$	1,621,454		$	1,635,088		$	1,712,875		$	1,763,828		$	1,795,651		$	1,781,701		$	1,842,930
Income and Comprehensive Income Statements
Interest income	$	13,276		$	13,600		$	13,283		$	13,600		$	14,491		$	15,002		$	15,517		$	15,822
Interest expense	2,547			2,649			2,754			2,862			3,015			3,337			3,563			3,614
Net interest income	10,729			10,951			10,529			10,738			11,476			11,665			11,954			12,208
Provision for loan losses	375			375			375			475			500			500			750			250
Net interest income after provision for loan losses	10,354			10,576			10,154			10,263			10,976			11,165			11,204			11,958
Non-interest income	2,964			3,006			3,469			3,060			2,843			3,002			3,493			3,210
Non-interest expense	7,200			7,245			7,405			7,533			7,698			7,640			8,013			8,300
Income before taxes	6,118			6,337			6,218			5,790			6,121			6,527			6,684			6,868
Income taxes	1,615			1,713			1,656			1,470			1,484			1,644			1,702			1,782
Net income	$	4,503		$	4,624		$	4,562		$	4,320		$	4,637		$	4,883		$	4,982		$	5,086
Basic earnings per share	$	0.42		$	0.43		$	0.43		$	0.40		$	0.43		$	0.45		$	0.46		$	0.48
Diluted earnings per share	$	0.42		$	0.43		$	0.42		$	0.39		$	0.43		$	0.45		$	0.46		$	0.47
Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on securities available for sale	$	1,852		$	1,025		$	(1,292	)	$	(3,643	)	$	1		$	349		$	(240	)	$	(1,562	)
Net unrealized gain (loss) on securities transfered from available for sale to held to maturity	(11		)	(10		)	9			(5		)	(4		)	(4		)	(3		)	(3		)
Net unrealized gain (loss) on cash flow hedging derivative instruments	—			(135		)	193			1,105			63			(171		)	(20		)	235
Unrecognized gain (loss) on postretirement benefit costs	—			—			—			54			—			—			—			(19		)
Other comprehensive income (loss)	$	1,841		$	880		$	(1,090	)	$	(2,489	)	$	60		$	174		$	(263	)	$	(1,349	)
Comprehensive income	$	6,344		$	5,504		$	3,472		$	1,831		$	4,697		$	5,057		$	4,719		$	3,737