Quarterly Financial Information [Text Block] |
SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited) The following table presents summarized quarterly financial data for 2018 and 2017: SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL DATA | | | | | | | | | | (In Thousands Except Per Share Data) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest income | | $ | 11,890 | | | $ | 12,334 | | | $ | 12,800 | | | $ | 13,304 | | Interest expense | | | 993 | | | | 1,079 | | | | 1,241 | | | | 1,312 | | Net interest income | | | 10,897 | | | | 11,255 | | | | 11,559 | | | | 11,992 | | Provision (credit) for loan losses | | | 292 | | | | (20 | ) | | | 60 | | | | 252 | | Net interest income after provision (credit) for loan losses | | | 10,605 | | | | 11,275 | | | | 11,499 | | | | 11,740 | | Other income | | | 4,406 | | | | 4,689 | | | | 4,462 | | | | 5,040 | | Gain on restricted equity security | | | 0 | | | | 1,750 | | | | 571 | | | | 0 | | Net losses on available-for-sale securities | | | 0 | | | | (282 | ) | | | (2 | ) | | | (4 | ) | Other expenses | | | 9,895 | | | | 9,684 | | | | 9,833 | | | | 10,074 | | Income before income tax provision | | | 5,116 | | | | 7,748 | | | | 6,697 | | | | 6,702 | | Income tax provision | | | 741 | | | | 1,377 | | | | 1,111 | | | | 1,021 | | Net income | | $ | 4,375 | | | $ | 6,371 | | | $ | 5,586 | | | $ | 5,681 | | Net income attributable to common shares | | $ | 4,352 | | | $ | 6,339 | | | $ | 5,558 | | | $ | 5,654 | | Net income per share – basic | | $ | 0.36 | | | $ | 0.52 | | | $ | 0.45 | | | $ | 0.46 | | Net income per share – diluted | | $ | 0.36 | | | $ | 0.52 | | | $ | 0.45 | | | $ | 0.46 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest income | | $ | 11,112 | | | $ | 11,340 | | | $ | 11,626 | | | $ | 11,785 | | Interest expense | | | 953 | | | | 978 | | | | 985 | | | | 999 | | Net interest income | | | 10,159 | | | | 10,362 | | | | 10,641 | | | | 10,786 | | Provision for loan losses | | | 452 | | | | 4 | | | | 322 | | | | 23 | | Net interest income after provision for loan losses | | | 9,707 | | | | 10,358 | | | | 10,319 | | | | 10,763 | | Other income | | | 3,864 | | | | 4,106 | | | | 4,066 | | | | 4,117 | | Net gains on available-for-sale securities | | | 145 | | | | 107 | | | | 5 | | | | 0 | | Other expenses | | | 9,298 | | | | 9,076 | | | | 9,192 | | | | 9,401 | | Income before income tax provision | | | 4,418 | | | | 5,495 | | | | 5,198 | | | | 5,479 | | Income tax provision | | | 984 | | | | 1,374 | | | | 1,262 | | | | 3,536 | | Net income | | $ | 3,434 | | | $ | 4,121 | | | $ | 3,936 | | | $ | 1,943 | | Net income attributable to common shares | | $ | 3,416 | | | $ | 4,100 | | | $ | 3,916 | | | $ | 1,933 | | Net income per share – basic | | $ | 0.28 | | | $ | 0.34 | | | $ | 0.32 | | | $ | 0.16 | | Net income per share – diluted | | $ | 0.28 | | | $ | 0.34 | | | $ | 0.32 | | | $ | 0.16 | |
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