Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Data (Unaudited)

Schedule of the Company's selected unaudited quarterly financial data

	For the Quarter Ended(1)
	12/31/15			09/30/15			06/30/15			03/31/15
	(Dollars in thousands, except per share amounts)
Interest income	$	22,896		$	20,306		$	18,175		$	17,366
Interest expense		758			623			533			508
Net interest income		22,138			19,683			17,642			16,858
Provision (credit) for loan losses		371			(301	)		22			(60	)
Net interest income after provision for loan losses		21,767			19,984			17,620			16,918
Noninterest income		2,829			2,066			2,164			1,926
Noninterest expense		17,361			16,419			12,617			12,276
Income before income taxes		7,235			5,631			7,167			6,568
Income tax expense		2,812			2,172			2,690			2,430
Net income		4,423			3,459			4,477			4,138
Dividends on preferred stock		(448	)		(448	)		(448	)		(448	)
Net income available to common shareholders		3,975			3,011			4,029			3,690
Undistributed earnings allocated to Series C Preferred Stock		(209	)		(111	)		(331	)		(274	)
Distributed and undistributed earnings allocated to common shareholders	$	3,766		$	2,900		$	3,698		$	3,416
Earnings per common share
Basic	$	0.12		$	0.10		$	0.14		$	0.13
Diluted	$	0.12		$	0.10		$	0.14		$	0.13

(1)Pre-tax severance, retention and acquisition and integration costs included in noninterest expense were $2,991,000, $2,865,000, $423,000, and $119,000, for the fourth, third, second, and first quarters of 2015, respectively.

	For the Quarter Ended
	12/31/2014(1)			9/30/2014(2)			06/30/14			03/31/14
	(Dollars in thousands, except per share amounts)
Interest income	$	16,717		$	14,492		$	14,192		$	13,855
Interest expense		625			500			507			521
Net interest income		16,092			13,992			13,685			13,334
Provision (credit) for loan losses		(106	)		(24	)		(198	)		(10	)
Net interest income after provision for loan losses		16,198			14,016			13,883			13,344
Noninterest income		1,812			1,870			2,047			2,017
Noninterest expense		12,415			10,492			10,769			10,546
Income before income taxes		5,595			5,394			5,161			4,815
Income tax expense		1,993			1,969			1,837			1,739
Net income		3,602			3,425			3,324			3,076
Dividends on preferred stock		(280	)		(280	)		(224	)		(224	)
Net income available to common shareholders		3,322			3,145			3,100			2,852
Undistributed earnings allocated to Series C Preferred Stock		(349	)		(320	)		(358	)		(315	)
Distributed and undistributed earnings allocated to common shareholders	$	2,973		$	2,825		$	2,742		$	2,537
Earnings per common share
Basic	$	0.11		$	0.11		$	0.10		$	0.10
Diluted	$	0.11		$	0.11		$	0.10		$	0.10

(1)The Company's selected unaudited quarterly financial data for the quarter ended December 31, 2014 includes Bay View Funding acquisition and integration costs of $609,000, and the results of operations for Bay View Funding for the months of November and December 2014.

(2)The Company's selected unaudited quarterly financial data for the quarter ended September 30, 2014 includes Bay View Funding acquisition and integration costs of $234,000.