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UNAUDITED QUARTERLY FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of consolidated quarterly financial data

Selected Consolidated Quarterly Financial Data (dollars, except per share amounts, in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018 Quarter Ended

 

    

December 31

    

September 30

    

June 30

    

March 31

Interest income

 

$

23,342

 

$

21,907

 

$

19,998

 

$

18,693

Interest expense

 

 

4,381

 

 

3,556

 

 

2,603

 

 

2,177

Net interest income

 

 

18,961

 

 

18,351

 

 

17,395

 

 

16,516

Provision for loan losses

 

 

844

 

 

(453)

 

 

1,270

 

 

1,477

Net interest income after provision for loan losses

 

 

18,117

 

 

18,804

 

 

16,125

 

 

15,039

Non-interest income

 

 

2,188

 

 

2,012

 

 

2,649

 

 

5,312

Non-interest expense

 

 

11,602

 

 

10,355

 

 

10,275

 

 

11,238

Income before income taxes

 

 

8,703

 

 

10,461

 

 

8,499

 

 

9,113

Income tax expense

 

 

2,418

 

 

3,348

 

 

2,634

 

 

2,822

Net income

 

$

6,285

 

$

7,113

 

$

5,865

 

$

6,291

Basic earnings per common share

 

$

0.77

 

$

0.87

 

$

0.72

 

$

0.77

Diluted earnings per common share

 

$

0.75

 

$

0.85

 

$

0.70

 

$

0.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017 Quarter Ended

 

    

December 31

    

September 30

    

June 30

    

March 31

Interest income

 

$

17,935

 

$

16,401

 

$

14,047

 

$

12,441

Interest expense

 

 

2,293

 

 

2,437

 

 

2,281

 

 

1,660

Net interest income

 

 

15,642

 

 

13,964

 

 

11,766

 

 

10,781

Provision for loan losses

 

 

3,499

 

 

1,200

 

 

1,790

 

 

570

Net interest income after provision for loan losses

 

 

12,143

 

 

12,764

 

 

9,976

 

 

10,211

Non-interest income

 

 

6,178

 

 

2,233

 

 

1,573

 

 

1,245

Non-interest expense

 

 

9,779

 

 

8,590

 

 

7,141

 

 

7,234

Income before income taxes

 

 

8,542

 

 

6,407

 

 

4,408

 

 

4,222

Income tax expense

 

 

5,216

 

 

2,562

 

 

1,757

 

 

1,674

Net income

 

$

3,326

 

$

3,845

 

$

2,651

 

$

2,548

Basic earnings per common share

 

$

0.50

 

$

0.83

 

$

0.57

 

$

0.55

Diluted earnings per common share

 

$

0.49

 

$

0.82

 

$

0.57

 

$

0.55