UNAUDITED QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 31, 2019

UNAUDITED QUARTERLY FINANCIAL DATA

UNAUDITED QUARTERLY FINANCIAL DATA

NOTE 21 — UNAUDITED QUARTERLY FINANCIAL DATA

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

	2019 Quarter Ended
	December 31		September 30		June 30		March 31
Interest income	$	36,466	$	35,496	$	30,828	$	26,990
Interest expense		8,424		9,443		7,891		6,412
Net interest income		28,042		26,053		22,937		20,578
Provision for loan losses		2,300		2,004		1,950		(2,031)
Net interest income after provision for loan losses		25,742		24,049		20,987		22,609
Non-interest income		2,862		2,700		2,674		2,393
Non-interest expense		17,042		15,495		14,724		12,694
Income before income taxes		11,562		11,254		8,937		12,308
Income tax expense		3,699		3,571		2,880		3,777
Net income	$	7,863	$	7,683	$	6,057	$	8,531
Basic earnings per common share	$	0.95	$	0.92	$	0.73	$	1.03
Diluted earnings per common share	$	0.93	$	0.90	$	0.71	$	1.01

	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