Selected Quarterly Consolidated Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020


(Dollars and shares in thousands, except per share amounts)
2020		First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Interest and dividend income		$47,116	$42,612	$40,834	$39,374
Interest expense		14,514	11,667	9,180	7,131
Net interest income		32,602	30,945	31,654	32,243
Provision for credit losses		7,036	2,200	1,325	1,781
Net interest income after provision for credit losses		25,566	28,745	30,329	30,462
Noninterest income		19,927	26,320	25,468	27,727
Noninterest expense		30,453	28,478	32,344	34,109
Income before income taxes		15,040	26,587	23,453	24,080
Income tax expense		3,139	5,547	5,131	5,514
Net income		$11,901	$21,040	$18,322	$18,566

Net income available to common shareholders		$11,869	$21,000	$18,285	$18,524

Weighted average common shares outstanding - basic		17,345	17,257	17,260	17,264
Weighted average common shares outstanding - diluted		17,441	17,292	17,317	17,360
Per share information:	Basic earnings per common share	$0.68	$1.22	$1.06	$1.07
	Diluted earnings per common share	$0.68	$1.21	$1.06	$1.07
	Cash dividends declared per share	$0.51	$0.51	$0.51	$0.52


(Dollars and shares in thousands, except per share amounts)
2019		First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Interest and dividend income		$50,194	$50,559	$49,527	$47,383
Interest expense		15,610	16,701	16,549	15,389
Net interest income		34,584	33,858	32,978	31,994
Provision for loan losses		650	525	400	—
Net interest income after provision for loan losses		33,934	33,333	32,578	31,994
Noninterest income		15,367	16,753	18,342	16,618
Noninterest expense		26,964	28,151	26,870	28,755
Income before income taxes		22,337	21,935	24,050	19,857
Income tax expense		4,842	4,662	5,236	4,321
Net income		$17,495	$17,273	$18,814	$15,536

Net income available to common shareholders		$17,461	$17,238	$18,778	$15,502

Weighted average common shares outstanding - basic		17,304	17,330	17,338	17,351
Weighted average common shares outstanding - diluted		17,401	17,405	17,414	17,436
Per share information:	Basic earnings per common share	$1.01	$0.99	$1.08	$0.89
	Diluted earnings per common share	$1.00	$0.99	$1.08	$0.89
	Cash dividends declared per share	$0.47	$0.51	$0.51	$0.51