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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Results of Operations (Unaudited)  
Quarterly Results of Operations (Unaudited)

 

18. Quarterly Results of Operations (Unaudited)

 

The following is a summary of selected financial data presented below by quarter for the periods indicated:

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

 

 

(dollars in thousands, except per share data)

 

For the year ended December 31, 2014

 

 

 

 

 

 

 

 

 

Interest income

 

$
18,022

 

$
19,231

 

$
21,034

 

$
22,037

 

Interest expense

 
1,387

 
1,533

 
2,014

 
2,770

 

Provision for estimated loan losses

 
949

 
1,030

 
1,284

 
1,421

 

Noninterest income

 
2,052

 
2,471

 
4,467

 
5,402

 

Noninterest expense

 
13,541

 
11,641

 
13,343

 
16,468

 

Income tax provision

 
1,565

 
2,855

 
3,410

 
2,889

 

Net income

 

$
2,632

 

$
4,643

 

$
5,450

 

$
3,891

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$
0.15

 

$
0.28

 

$
0.32

 

$
0.23

 

Diluted

 

$
0.15

 

$
0.27

 

$
0.31

 

$
0.23

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2013

 

 

 

 

 

 

 

 

 

Interest income

 

$
14,235

 

$
14,936

 

$
16,374

 

$
17,973

 

Interest expense

 
1,336

 
1,347

 
1,366

 
1,307

 

Provision for estimated loan losses

 
296

 
322

 
646

 
596

 

Noninterest income

 
1,724

 
2,431

 
2,321

 
2,617

 

Noninterest expense

 
11,179

 
15,856

 
11,771

 
12,009

 

Income tax provision

 
1,176

 
91

 
1,846

 
2,474

 

Net income (loss)

 

$
1,972

 

$
(249

)

$
3,066

 

$
4,204

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$
0.14

 

$
(0.02

)

$
0.19

 

$
0.26

 

Diluted

 

$
0.13

 

$
(0.02

)

$
0.18

 

$
0.25