Selected Condensed Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Selected Condensed Quarterly Financial Data [Abstract]

Selected Condensed Quarterly Financial Data

NOTE 23 – Selected Condensed Quarterly Financial Data (Unaudited)

	2014
	For the quarters ended
(dollars in thousands, except share data)	March 31		June 30	September 30	December 31
Interest income	$	9,344	9,790	10,253	10,560
Interest expense		1,700	1,720	1,762	1,726
Net interest income		7,644	8,070	8,491	8,834
Provision for loan losses		1,000	950	1,325	900
Noninterest income		969	1,518	1,560	1,733
Noninterest expenses		5,769	6,315	6,066	6,756
Income before income tax expense		1,844	2,323	2,660	2,911
Income tax expense		594	757	834	928
Net income		1,250	1,566	1,826	1,983
Preferred stock dividends		193	253	253	217
Net income available to common shareholders	$	1,057	1,313	1,573	1,766
Earnings per common share
Basic	$	0.23	0.28	0.33	0.32
Diluted	$	0.22	0.26	0.31	0.30
Weighted average common shares outstanding
Basic		4,672,270	4,825,588	4,829,514	5,586,620
Diluted		4,877,448	5,029,724	5,046,487	5,835,002
	2013
	For the quarters ended
	March 31		June 30	September 30	December 31
Interest income	$	8,743	8,912	9,100	9,363
Interest expense		1,865	1,782	1,737	1,714
Net interest income		6,878	7,130	7,363	7,649
Provision for loan losses		1,125	750	775	825
Noninterest income		882	878	1,055	987
Noninterest expenses		5,230	5,301	5,510	5,771
Income before income tax expense		1,405	1,957	2,133	2,040
Income tax expense		444	657	714	601
Net income		961	1,300	1,419	1,439
Preferred stock dividends		197	191	191	191
Redemption of preferred stock		20	-	-	-
Net income available to common shareholders	$	784	1,109	1,228	1,248
Earnings per common share
Basic	$	0.18	0.26	0.29	0.29
Diluted	$	0.18	0.25	0.27	0.27
Weighted average common shares outstanding
Basic		4,262,330	4,269,097	4,271,652	4,316,890
Diluted		4,371,324	4,423,141	4,490,026	4,551,182