CONSOLIDATED CONDENSED QUARTERLY DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2019

20. CONSOLIDATED CONDENSED QUARTERLY DATA (UNAUDITED)

The following table presents summarized quarterly financial data for 2019 and 2018:

(in thousands, except share data)			Three Months Ended,
2019	March 31		June 30		Sept. 30			Dec. 31
Interest income	$	15,017	$	15,502	$	15,874		$	15,587
Interest expense		3,102		3,166		2,975			2,797
Net interest income		11,915		12,336		12,899			12,790
Provision for loan losses		400		350		400			525
Non-interest income		2,022		1,997		2,140			2,083
Investment securities gains, net		11		30		37			66
Non-interest expenses		8,322		8,237		8,414			8,368
Income before provision for income taxes		5,226		5,776		6,262			6,046
Provision for income taxes		821		930		1,066			1,003
Net income	$	4,405	$	4,846	$	5,196		$	5,043
Earnings Per Share Basic	$	1.24	$	1.38	$	1.48		$	1.43
Earnings Per Share Diluted	$	1.24	$	1.38	$	1.48		$	1.43

			Three Months Ended,
2018	March 31		June 30		Sept. 30			Dec. 31
Interest income	$	13,383	$	14,028	$	14,259		$	15,088
Interest expense		1,963		2,277		2,489			2,845
Net interest income		11,420		11,751		11,770			12,243
Provision for loan losses		500		325		475			625
Non-interest income		1,900		1,835		2,022			1,997
Investment securities gains, net		6		7		(12	)		(20	)
Non-interest expenses		7,832		7,702		7,788			8,235
Income before provision for income taxes		4,994		5,566		5,517			5,360
Provision for income taxes		747		875		936			845
Net income	$	4,247	$	4,691	$	4,581		$	4,515
Earnings Per Share Basic	$	1.19	$	1.32	$	1.30		$	1.28
Earnings Per Share Diluted	$	1.19	$	1.32	$	1.30		$	1.28