| Quarterly Financial Information |
The following table presents the unaudited quarterly results of operations for the year ended December 31, 2018: | | | | | | | | | | | | | | | | | | | | Three Months Ended | ($ in thousands, except per share) | | March 31, 2018 | | June 30, 2018 | | September 30, 2018 | | December 31, 2018 | Interest income | | $ | 18,628 |
| | $ | 20,344 |
| | $ | 21,496 |
| | $ | 23,231 |
| Interest expense | | 3,334 |
| | 4,462 |
| | 4,780 |
| | 5,375 |
| Net interest income | | 15,294 |
| | 15,882 |
| | 16,716 |
| | 17,856 |
| Provision for loan losses | | 95 |
| | 425 |
| | 417 |
| | 294 |
| Noninterest income | | 3,362 |
| | 2,273 |
| | 2,580 |
| | 2,239 |
| Noninterest expense | | 9,631 |
| | 10,940 |
| | 9,520 |
| | 10,135 |
| Income before income taxes | | 8,930 |
| | 6,790 |
| | 9,359 |
| | 9,666 |
| Income tax expense | | 2,666 |
| | 2,028 |
| | 2,816 |
| | 2,934 |
| Net income | | $ | 6,264 |
| | $ | 4,762 |
| | $ | 6,543 |
| | $ | 6,732 |
| | | | | | | | | | Earnings per common share, basic | | $ | 0.47 |
| | $ | 0.35 |
| | $ | 0.44 |
| | $ | 0.42 |
| Earnings per common share, diluted | | $ | 0.46 |
| | $ | 0.35 |
| | $ | 0.44 |
| | $ | 0.41 |
| | | | | | | | | |
The following table presents the unaudited quarterly results of operations for the year ended December 31, 2017: | | | | | | | | | | | | | | | | | | | | Three Months Ended | ($ in thousands, except per share) | | March 31, 2017 | | June 30, 2017 | | September 30, 2017 | | December 31, 2017 | Interest income | | $ | 14,617 |
| | $ | 15,689 |
| | $ | 17,090 |
| | $ | 17,871 |
| Interest expense | | 2,147 |
| | 2,305 |
| | 2,707 |
| | 2,938 |
| Net interest income | | 12,470 |
| | 13,384 |
| | 14,383 |
| | 14,933 |
| Provision (reversal) for loan losses | | (198 | ) | | (274 | ) | | 586 |
| | 1,713 |
| Noninterest income | | 3,489 |
| | 3,582 |
| | 3,461 |
| | 3,362 |
| Noninterest expense | | 8,521 |
| | 8,796 |
| | 8,958 |
| | 9,620 |
| Income before income taxes | | 7,636 |
| | 8,444 |
| | 8,300 |
| | 6,962 |
| Income tax expense | | 3,238 |
| | 3,584 |
| | 3,494 |
| | 4,623 |
| Net income | | $ | 4,398 |
| | $ | 4,860 |
| | $ | 4,806 |
| | $ | 2,339 |
| | | | | | | | | | Earnings per common share, basic | | $ | 0.33 |
| | $ | 0.36 |
| | $ | 0.36 |
| | $ | 0.17 |
| Earnings per common share, diluted | | $ | 0.33 |
| | $ | 0.36 |
| | $ | 0.35 |
| | $ | 0.17 |
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