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SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2021
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)  
Schedule of quarterly consolidated financial data

The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company:

2021 QUARTER ENDED

    

DEC. 31

    

SEPT. 30

    

JUNE 30 

    

MARCH 31 

(IN THOUSANDS, EXCEPT PER SHARE DATA)

Interest income

$

11,690

$

11,372

$

11,838

$

11,769

Interest expense

 

1,392

 

2,146

 

1,971

 

2,077

Net interest income

 

10,298

 

9,226

 

9,867

 

9,692

Provision for loan losses

 

250

 

350

 

100

 

400

Net interest income after provision for loan losses

 

10,048

 

8,876

 

9,767

 

9,292

Non-interest income

 

4,332

 

4,416

 

4,399

 

4,614

Non-interest expense

 

12,107

 

11,520

 

12,038

 

11,305

Income before income taxes

 

2,273

 

1,772

 

2,128

 

2,601

Provision for income taxes

 

421

 

341

 

420

 

520

Net income

$

1,852

$

1,431

$

1,708

$

2,081

Basic earnings per common share

$

0.11

$

0.08

$

0.10

$

0.12

Diluted earnings per common share

 

0.11

 

0.08

 

0.10

 

0.12

Cash dividends declared per common share

 

0.025

 

0.025

 

0.025

 

0.025

2020 QUARTER ENDED

    

DEC. 31

    

SEPT. 30

    

JUNE 30 

    

MARCH 31 

(IN THOUSANDS, EXCEPT PER SHARE DATA)

Interest income

$

11,640

$

11,237

$

12,061

$

11,944

Interest expense

 

2,288

 

2,446

 

2,588

 

3,193

Net interest income

 

9,352

 

8,791

 

9,473

 

8,751

Provision for loan losses

 

1,075

 

675

 

450

 

175

Net interest income after provision for loan losses

 

8,277

 

8,116

 

9,023

 

8,576

Non-interest income

 

4,372

 

4,304

 

3,767

 

3,832

Non-interest expense

 

11,709

 

11,107

 

11,006

 

10,633

Income before income taxes

 

940

 

1,313

 

1,784

 

1,775

Provision for income taxes

 

248

 

235

 

365

 

366

Net income

$

692

$

1,078

$

1,419

$

1,409

Basic earnings per common share

$

0.04

$

0.06

$

0.08

$

0.08

Diluted earnings per common share

 

0.04

 

0.06

 

0.08

 

0.08

Cash dividends declared per common share

 

0.025

 

0.025

 

0.025

 

0.025