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Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data [Abstract]

Summary of Quarterly Financial Data



	Year Ended December 2020
			First Quarter			Second Quarter			Third Quarter			Fourth Quarter
		(In thousands, except per share data)
Interest income		$	29,419		$	27,206		$	28,466		$	28,335
Interest expense			10,641			9,215			7,576			5,584
Net Interest Income			18,778			17,991			20,890			22,751
Provision for loan losses			1,500			3,300			2,726			1,915
Net Interest Income, after Provision for loan losses			17,278			14,691			18,164			20,836
Non-interest income			683			1,108			6,955			3,744
Non-interest expense			14,364			11,952			13,342			14,378
Income before Income Tax Provision			3,597			3,847			11,777			10,202
Income taxes			1,076			1,121			3,465			2,904
Net Income		$	2,521		$	2,726		$	8,312		$	7,298
Preferred stock dividends			342			341			332			285
Net income available to common stockholders:		$	2,179		$	2,385		$	7,980			7,013
Net income per common share:
Basic		$	0.12		$	0.14		$	0.47		$	0.41
Diluted		$	0.12		$	0.14		$	0.47		$	0.41
Dividends per common share		$	0.14		$	0.14		$	0.14		$	0.14



	Year Ended December 2019
			First Quarter			Second Quarter			Third Quarter			Fourth Quarter
		(in thousands, except per share data)
Interest income		$	30,478		$	30,742		$	31,365		$	30,966
Interest expense			9,576			9,877			10,605			10,889
Net Interest Income			20,902			20,865			20,760			20,077
Provision for loan losses			889			755			900			(475)
Net Interest Income, after Provision for loan losses			20,013			20,110			19,860			20,552
Non-interest income			1,660			1,328			1,383			1,020
Non-interest expense			13,777			13,894			13,652			14,260
Income before Income Taxes			7,896			7,544			7,591			7,312
Income taxes			2,445			2,317			2,359			2,188
Net Income		$	5,451		$	5,227		$	5,232		$	5,124
Preferred stock dividends			317			342			342			342
Net income available to common stockholders:		$	5,134		$	4,885		$	4,890			4,782
Net income per common share:
Basic		$	0.32		$	0.30		$	0.30		$	0.29
Diluted		$	0.32		$	0.30		$	0.30		$	0.29
Dividends per common share		$	0.14		$	0.14		$	0.14		$	0.14