Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2017

Note 19. Quarterly Results of Operations (Unaudited)

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

__________________________________________2017__________________________________


(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,

Interest income	$	3,466	$	3,434	$	3,383	$	3,324
Interest expense		460		499		487		491
Net interest income		3,006		2,935		2,896		2,833
Provision for credit losses		93		78		(30)		195
Net securities gains		—		—		1		—
Income before income taxes		565		512		401		346
Net income		(152)		411		338		316
Net income per share (basic and diluted)	$	(0.05)	$	0.15	$	0.12	$	0.11

___________________________________________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