XML 60 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Selected Quarterly Financial Data (Unaudited): Selected financial data (Tables)
12 Months Ended
Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
The following selected financial data is presented for the quarters ended (dollars in thousands, except per share amounts):
 
September 30,
2017

 
June 30,
2017

 
March 31,
2017

 
December 31,
2016

Interest and dividend income
$
9,711

 
$
10,165

 
$
9,299

 
$
9,163

Interest expense
(582
)
 
(918
)
 
(847
)
 
(850
)
Net interest income
9,129

 
9,247

 
8,452

 
8,313

 
 
 
 
 
 
 
 
Recapture of loan losses (1)

 
(1,000
)
 
(250
)
 

Non-interest income
3,145

 
3,156

 
2,851

 
3,216

Non-interest expense
(6,911
)
 
(6,938
)
 
(6,857
)
 
(6,810
)
 
 
 
 
 
 
 
 
Income before income taxes
5,363

 
6,465

 
4,696

 
4,719

 
 
 
 
 
 
 
 
Provision for income taxes
1,748

 
2,188

 
1,568

 
1,572

Net income
$
3,615

 
$
4,277

 
$
3,128

 
$
3,147

 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
Basic
$
0.50

 
$
0.59

 
$
0.44

 
$
0.46

Diluted (2)
$
0.48

 
$
0.58

 
$
0.42

 
$
0.43

__________________________________________
(1) During the quarters ended March 31, 2017 and June 30, 2017 the Company recorded recaptures of loan losses of $250 and $1,000, respectively, primarily as a result of significant recoveries on loans which had previously been charged off in prior years and improvements in other credit quality metrics.
(2) The net income per common share amounts for the quarters do not add to the total for the fiscal year due to rounding.
 
September 30,
2016

 
June 30,
2016

 
March 31,
2016

 
December 31,
2015

Interest and dividend income
$
8,938

 
$
8,596

 
$
8,650

 
$
8,691

Interest expense
(1,132
)
 
(980
)
 
(979
)
 
(981
)
Net interest income
7,806

 
7,616

 
7,671

 
7,710

 
 
 
 
 
 
 
 
Non-interest income
3,109

 
2,749

 
2,513

 
2,518

Non-interest expense
(6,961
)
 
(6,568
)
 
(6,629
)
 
(6,479
)
 
 
 
 
 
 
 
 
Income before income taxes
3,954

 
3,797

 
3,555

 
3,749

 
 
 
 
 
 
 
 
Provision for income taxes
1,255

 
1,250

 
1,175

 
1,221

Net income
$
2,699

 
$
2,547

 
$
2,380

 
$
2,528

 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
Basic (1)
$
0.40

 
$
0.37

 
$
0.35

 
$
0.37

Diluted (1)
$
0.38

 
$
0.36

 
$
0.34

 
$
0.36

__________________________________________
(1) The net income per common share amounts for the quarters do not add to the total for the fiscal year due to rounding.