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Quarterly Results Of Operations (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Results Of Operations [Abstract]  
Schedule Of Quarterly Financial Information



 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share)

 

Three months ended

 



 

March 31, 2017

 

June 30, 2017

 

September 30, 2017

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

9,546 

 

$

9,938 

 

$

10,063 

 

$

10,339 

 

Interest expense

 

 

581 

 

 

590 

 

 

629 

 

 

691 

 

Net interest income

 

 

8,965 

 

 

9,348 

 

 

9,434 

 

 

9,648 

 

Provision for loan losses

 

 

120 

 

 

50 

 

 

250 

 

 

250 

 

Other noninterest income

 

 

2,923 

 

 

3,155 

 

 

2,970 

 

 

3,137 

 

Securities gains

 

 

 

 

 —

 

 

 

 

 —

 

Noninterest expense

 

 

7,957 

 

 

8,161 

 

 

8,305 

 

 

18,750 

*

Income (loss) before income taxes

 

 

3,813 

 

 

4,292 

 

 

3,850 

 

 

(6,215)

 

Federal income tax expense

 

 

793 

 

 

950 

 

 

774 

 

 

1,048 

**

Net Income

 

$

3,020 

 

 

3,342 

 

 

3,076 

 

 

(7,263)

 

Basic earnings per share

 

$

0.70 

 

$

0.77 

 

$

0.71 

 

$

(1.67)

 

Diluted earnings per share

 

$

0.70 

 

$

0.77 

 

$

0.70 

 

$

(1.67)

 

Dividends declared per share

 

$

0.21 

 

$

0.24 

 

$

0.24 

 

$

0.24 

 



*Includes $10 million for the accrual of a legal settlement described in Item 3 Legal Proceedings

** Includes $2.3 million for revaluation of the net deferred tax assets









 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share)

 

Three months ended



 

March 31, 2016

 

June 30, 2016

 

September 30, 2016

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

9,098 

 

$

8,988 

 

$

9,348 

 

$

9,544 

Interest expense

 

 

545 

 

 

548 

 

 

563 

 

 

589 

Net interest income

 

 

8,553 

 

 

8,440 

 

 

8,785 

 

 

8,955 

Provision for loan losses

 

 

300 

 

 

1,875 

 

 

1,150 

 

 

450 

Other noninterest income

 

 

2,981 

 

 

2,854 

 

 

2,813 

 

 

2,984 

Securities (losses) gains

 

 

(28)

 

 

 

 

(10)

 

 

Noninterest expense

 

 

7,795 

 

 

7,730 

 

 

7,980 

 

 

9,670 

Income before income taxes

 

 

3,411 

 

 

1,691 

 

 

2,458 

 

 

1,827 

Federal income tax expense

 

 

685 

 

 

130 

 

 

383 

 

 

104 

Net Income

 

$

2,726 

 

 

1,561 

 

 

2,075 

 

 

1,723 

Basic earnings per share

 

$

0.64 

 

$

0.36 

 

$

0.48 

 

$

0.40 

Diluted earnings per share

 

$

0.64 

 

$

0.36 

 

$

0.48 

 

$

0.40 

Dividends declared per share

 

$

0.19 

 

$

0.21 

 

$

0.21 

 

$

0.21