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Quarterly Condensed Statements of Income
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Condensed Statements of Income
Quarterly Condensed Statements of Income - Unaudited
The Company’s quarterly net income, net income per common share and dividends per common share during 2014 and 2013 are summarized as follows:
 
 
 
2014 Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in thousands, except per share amounts)
Total interest and dividend income
 
$
6,150

 
$
6,396

 
$
6,253

 
$
6,051

Net interest income after provision for loan losses
 
5,372

 
6,191

 
5,773

 
5,252

Noninterest income
 
1,351

 
1,560

 
1,473

 
2,222

Noninterest expenses
 
4,843

 
4,966

 
5,333

 
4,844

Income before income taxes
 
1,880

 
2,785

 
1,913

 
2,630

Net income
 
1,363

 
1,958

 
1,385

 
2,434

Net income per common share, basic
 
0.40

 
0.57

 
0.40

 
0.71

Net income per common share, diluted
 
0.40

 
0.57

 
0.40

 
0.70

Dividends per common share
 
0.19

 
0.19

 
0.19

 
0.20

 
 
 
 
 
 
 
 
 
 
 
2013 Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in thousands, except per share amounts)
Total interest and dividend income
 
$
6,278

 
$
6,223

 
$
6,294

 
$
6,241

Net interest income after provision for loan losses
 
5,192

 
5,199

 
5,667

 
6,393

Noninterest income
 
1,932

 
2,469

 
1,581

 
1,480

Noninterest expenses
 
4,583

 
4,952

 
5,172

 
5,660

Income before income taxes
 
2,541

 
2,716

 
2,076

 
2,213

Net income
 
1,803

 
2,001

 
1,505

 
1,849

Net income per common share, basic
 
0.54

 
0.59

 
0.44

 
0.54

Net income per common share, diluted
 
0.53

 
0.59

 
0.44

 
0.54

Dividends per common share
 
0.19

 
0.19

 
0.19

 
0.19