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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)

Note 20. Quarterly Results of Operations (Unaudited)

 

The following is a summary of consolidated unaudited quarterly results of operations:

 

2016
(Dollars in thousands,   Three months ended,  
except per share amounts)   December 31     September 30     June 30     March 31  
                         
Interest income   $ 3,343     $ 3,318     $ 3,269     $ 3,351  
Interest expense     509       526       536       552  
Net interest income     2,834       2,792       2,733       2,799  
Provision for credit losses     635       116       -       117  
Net securities gains     1       -       -       1  
Income before income taxes     289       60       352       317  
Net income     395       115       308       283  
Net income per share (basic and diluted)   $ 0.15     $ 0.04     $ 0.11     $ 0.10  

 

2015
(Dollars in thousands,   Three months ended,  
except per share amounts)   December 31     September 30     June 30     March 31  
                         
Interest income   $ 3,356     $ 3,396     $ 3,374     $ 3,480  
Interest expense     576       588       607       620  
Net interest income     2,780       2,808       2,767       2,860  
Provision for credit losses     410       985       150       150  
Net securities gains     369       200       270       199  
Income before income taxes     552       (169 )     786       429  
Net income     447       8       518       380  
Net income per share (basic and diluted)   $ 0.16     $ -     $ 0.19     $ 0.14  

 

2014
(Dollars in thousands,   Three months ended,  
except per share amounts)   December 31     September 30     June 30     March 31  
                         
Interest income   $ 3,627     $ 3,658     $ 3,560     $ 3,675  
Interest expense     652       666       628       588  
Net interest income     2,975       2,992       2,932       3,087  
Provision for credit losses     746       125       112       38  
Net securities gains     575       361       141       79  
Income before income taxes     521       637       498       567  
Net income     480       526       435       473  
Net income per share (basic and diluted)   $ 0.17     $ 0.19     $ 0.16     $ 0.17