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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Sep. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)

The following selected financial data is presented for the quarters ended (dollars in thousands, except per share amounts):
 
September 30,
2018

 
June 30,
2018

 
March 31,
2018

 
December 31,
2017

Interest and dividend income
$
11,051

 
$
10,457

 
$
10,290

 
$
10,035

Interest expense
(781
)
 
(730
)
 
(666
)
 
(601
)
Net interest income
10,270

 
9,727

 
9,624

 
9,434

 
 
 
 
 
 
 
 
Non-interest income
3,180

 
3,145

 
3,082

 
3,137

Non-interest expense (1)
(7,658
)
 
(7,122
)
 
(7,221
)
 
(7,176
)
 
 
 
 
 
 
 
 
Income before income taxes
5,792

 
5,750

 
5,485

 
5,395

 
 
 
 
 
 
 
 
Provision for income taxes
1,370

 
1,334

 
1,216

 
1,781

Net income
$
4,422

 
$
4,416

 
$
4,269

 
$
3,614

 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
Basic (2)
$
0.60

 
$
0.60

 
$
0.58

 
$
0.49

Diluted (2)
$
0.59

 
$
0.59

 
$
0.57

 
$
0.48

__________________________________________
(1) During the quarters ended December 31, 2017, March 31, 2018, June 30, 2018 and September 30, 2018 the Company incurred expenses related to the acquisition of South Sound Bank of $9, $80, $181, and $346, respectively.
(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,
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.