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Quarterly Unaudited Financial Data (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Unaudited Financial Data [Abstract]  
Quarterly Financial Information
The following tables set forth certain unaudited historical quarterly financial data for each of the eight consecutive quarters in 2019 and 2018. This information is derived from unaudited consolidated financial statements that include, in management’s opinion, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation when read in conjunction with the consolidated financial statements and notes thereto included elsewhere in this Form 10-K.

2019
(in thousands except per share data)
 
First
Quarter
  
Second
Quarter
  
Third
Quarter
  
Fourth
Quarter
  
Total
 
Total Interest Income
 
$
37,173
  
$
38,626
  
$
38,810
  
$
39,099
  
$
153,708
 
Total Interest Expense
  
2,966
   
3,253
   
3,530
   
3,445
   
13,194
 
Net Interest Income
  
34,207
   
35,373
   
35,280
   
35,654
   
140,514
 
Provision for Credit Losses
  
-
   
200
   
-
   
-
   
200
 
Net Interest Income After
                    
Provision for Credit Losses
  
34,207
   
35,173
   
35,280
   
35,654
   
140,314
 
Total Non-Interest Income
  
4,464
   
4,400
   
3,974
   
4,403
   
17,241
 
Total Non-Interest Expense
  
20,445
   
20,565
   
20,856
   
20,376
   
82,242
 
Income Before Income Taxes
  
18,226
   
19,008
   
18,398
   
19,681
   
75,313
 
Provision for Income Taxes
  
4,677
   
4,903
   
4,660
   
5,037
   
19,277
 
Net Income
 
$
13,549
  
$
14,105
  
$
13,738
  
$
14,644
  
$
56,036
 
Basic Earnings Per Common Share
 
$
17.27
  
$
17.92
  
$
17.45
  
$
18.54
  
$
71.18
 


2018
(in thousands except per share data)
 
First
Quarter
  
Second
Quarter
  
Third
Quarter
  
Fourth
Quarter
  
Total
 
Total Interest Income
 
$
30,428
  
$
32,161
  
$
34,065
  
$
36,799
  
$
133,453
 
Total Interest Expense
  
1,522
   
1,660
   
2,157
   
2,611
   
7,950
 
Net Interest Income
  
28,906
   
30,501
   
31,908
   
34,188
   
125,503
 
Provision for Credit Losses
  
333
   
500
   
2,500
   
2,200
   
5,533
 
Net Interest Income After
                    
Provision for Credit Losses
  
28,573
   
30,001
   
29,408
   
31,988
   
119,970
 
Total Non-Interest Income
  
4,665
   
2,283
   
4,208
   
4,063
   
15,219
 
Total Non-Interest Expense
  
19,936
   
18,145
   
18,621
   
18,757
   
75,459
 
Income Before Income Taxes
  
13,302
   
14,139
   
14,995
   
17,294
   
59,730
 
Provision for Income Taxes
  
3,361
   
3,589
   
2,995
   
4,258
   
14,203
 
Net Income
 
$
9,941
  
$
10,550
  
$
12,000
  
$
13,036
  
$
45,527
 
Basic Earnings Per Common Share
 
$
12.24
  
$
12.90
  
$
15.12
  
$
16.56
  
$
56.82