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Quarterly Financial Information
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information [Abstract]  
Quarterly Financial Information

Note 21: Quarterly Financial Information

 

Quarterly Financial Information (unaudited)

Year ended December 31

 

($ in thousands except per share data)

 

2017   December     September     June     March  
Interest income   $ 8,762     $ 8,338     $ 7,966     $ 7,414  
Interest expense     1,108       1,075       1,003       908  
Net interest income     7,654       7,263       6,963       6,506  
Provision for loan losses     200       -       200       -  
Noninterest income     4,092       4,861       4,462       3,802  
Noninterest expense     8,106       8,284       7,806       7,382  
Income tax expense     (592 )     1,117       1,102       933  
                                 
Net income   $ 4,032     $ 2,723     $ 2,317     $ 1,993  
                                 
Preferred share dividend     244       244       244       244  
                                 
Net income available to common   $ 3,788     $ 2,479     $ 2,073     $ 1,749  
                                 
Basic earnings per common share   $ 0.79     $ 0.52     $ 0.43     $ 0.36  
Diluted earnings per common share     0.64       0.43       0.37       0.31  
Dividends per share     0.075       0.070       0.070       0.065  

 

2016   December     September     June     March  
Interest income   $ 7,512     $ 7,499     $ 7,213     $ 6,827  
Interest expense     865       828       790       715  
Net interest income     6,647       6,671       6,423       6,112  
Provision for loan losses     500       -       -       250  
Noninterest income     5,128       5,015       4,307       3,439  
Noninterest expense     7,859       7,930       7,407       6,895  
Income tax expense     1,099       1,209       1,058       751  
                                 
Net income   $ 2,317     $ 2,547     $ 2,265     $ 1,655  
                                 
Preferred share dividend     244       244       244       244  
                                 
Net income available to common   $ 2,073     $ 2,303     $ 2,021     $ 1,411  
                                 
Basic earnings per common share   $ 0.43     $ 0.47     $ 0.41     $ 0.29  
Diluted earnings per common share     0.37       0.40       0.35       0.26  
Dividends per share     0.065       0.060       0.060       0.055