QUARTERLY DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Quarterly results of operations were as follows during 2017 and 2016:

	2017
(in thousands, except per share data)	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest and dividend income	$	30,156	$	30,063	$	29,665	$	26,185
Interest expense	6,660		6,585		5,856		4,813
Net interest income	23,496		23,478		23,809		21,372
Non-interest income	6,518		6,960		6,558		5,946
Total revenue	30,014		30,438		30,367		27,318
Provision for loan losses	597		660		736		795
Non-interest expense	14,263		17,586		20,046		20,831
Income before income taxes	15,154		12,192		9,585		5,692
Income tax expense	8,545		3,575		3,029		1,481
Net income	$	6,609	$	8,617	$	6,556	$	4,211
Basic earnings per share	$	0.43	$	0.56	$	0.43	$	0.29
Diluted earnings per share	$	0.43	$	0.56	$	0.42	$	0.29
Weighted average shares outstanding:
Basic	15,437		15,420		15,393		14,471
Diluted	15,537		15,511		15,506		14,591

	2016
(in thousands, except per share data)	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest and dividend income	$	14,846	$	14,123	$	14,354	$	14,164
Interest expense	3,189		3,124		2,972		2,828
Net interest income	11,657		10,999		11,382		11,336
Non-interest income	2,035		3,372		3,614		3,328
Total revenue	13,692		14,371		14,996		14,664
Provision for loan losses	225		139		150		465
Non-interest expense	10,457		8,750		8,731		7,997
Income before income taxes	3,010		5,482		6,115		6,202
Income tax expense	426		1,850		1,804		1,796
Net income	$	2,584	$	3,632	$	4,311	$	4,406
Basic earnings per share	$	0.28	$	0.40	$	0.48	$	0.49
Diluted earnings per share	$	0.28	$	0.40	$	0.47	$	0.48
Weighted average shares outstanding:
Basic	9,096		9,064		9,032		9,014
Diluted	9,215		9,162		9,129		9,122