UNAUDITED QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 31, 2020

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)

	2020 Quarter Ended
	December 31		September 30		June 30		March 31
Interest income	$	36,862	$	35,945	$	34,223	$	36,067
Interest expense		3,395		3,621		4,062		7,098
Net interest income		33,467		32,324		30,161		28,969
Provision for loan losses		1,795		1,137		1,766		4,790
Net interest income after provision for loan losses		31,672		31,187		28,395		24,179
Non-interest income		3,373		3,637		5,653		4,340
Non-interest expense		17,788		18,930		18,284		19,516
Income before income taxes		17,257		15,894		15,764		9,003
Income tax expense		5,482		5,111		4,953		2,906
Net income	$	11,775	$	10,783	$	10,811	$	6,097
Basic earnings per common share	$	1.42	$	1.30	$	1.30	$	0.73
Diluted earnings per common share	$	1.39	$	1.27	$	1.28	$	0.72

	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