Quarterly Financial Data (Unaudited) |
23) Quarterly Financial Data (Unaudited) Unaudited condensed financial data by quarter for the years ended December 31, 2020 and 2019 is as follows (dollars, except per share data, in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Quarter ended | | 3/31/2020 | | 6/30/2020 | | 9/30/2020 | | 12/31/2020 | Interest Income | $ | 9,095 | | | $ | 9,098 | | | $ | 9,339 | | | $ | 9,564 | | Interest Expense | 2,219 | | | 1,756 | | | 1,431 | | | 1,175 | | Net Interest Income | 6,876 | | | 7,342 | | | 7,908 | | | 8,389 | | Provision for Loan Losses | 700 | | | 700 | | | 2,200 | | | — | | Net Interest Income After Provision for Loan Losses | 6,176 | | | 6,642 | | | 5,708 | | | 8,389 | | Non-interest Income | 2,796 | | | 2,806 | | | 2,988 | | | 2,831 | | Non-interest Expense | 7,644 | | | 6,991 | | | 7,686 | | | 7,388 | | Income Before Income Tax | 1,328 | | | 2,457 | | | 1,010 | | | 3,832 | | Provision for Income Taxes | 264 | | | 441 | | | 105 | | | 767 | | Net Income | $ | 1,064 | | | $ | 2,016 | | | $ | 905 | | | $ | 3,065 | | Basic Net Income Per Common Share | $ | 0.34 | | | $ | 0.62 | | | $ | 0.28 | | | $ | 0.94 | | Diluted Net Income Per Common Share | $ | 0.34 | | | $ | 0.62 | | | $ | 0.28 | | | $ | 0.94 | | Basic Weighted Average Shares Outstanding | 3,092,455 | | | 3,252,884 | | | 3,252,884 | | | 3,252,884 | | Diluted Weighted Average Shares Outstanding | 3,092,455 | | | 3,252,884 | | | 3,252,884 | | | 3,252,884 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Quarter ended | | 3/31/2019 | | 6/30/2019 | | 9/30/2019 | | 12/31/2019 | Interest Income | $ | 9,031 | | | $ | 9,128 | | | $ | 9,641 | | | $ | 9,134 | | Interest Expense | 1,774 | | | 2,009 | | | 2,291 | | | 2,237 | | Net Interest Income | 7,257 | | | 7,119 | | | 7,350 | | | 6,897 | | Provision For Loan Losses | 100 | | | — | | | 75 | | | 200 | | Net Interest Income After Provision for Loan Losses | 7,157 | | | 7,119 | | | 7,275 | | | 6,697 | | Non-interest Income | 2,196 | | | 2,492 | | | 2,408 | | | 2,000 | | Non-interest Expense | 6,744 | | | 7,241 | | | 6,989 | | | 6,896 | | Income Before Income Tax | 2,609 | | | 2,370 | | | 2,694 | | | 1,801 | | Provision for Income Taxes | 520 | | | 486 | | | 475 | | | 199 | | Net Income | $ | 2,089 | | | $ | 1,884 | | | $ | 2,219 | | | $ | 1,602 | | Basic Net Income Per Common Share | $ | 0.71 | | | $ | 0.64 | | | $ | 0.75 | | | $ | 0.54 | | Diluted Net Income Per Common Share | $ | 0.67 | | | $ | 0.61 | | | $ | 0.71 | | | $ | 0.51 | | Basic Weighted Average Shares Outstanding | 2,954,515 | | | 2,955,650 | | | 2,956,156 | | | 2,956,600 | | Diluted Weighted Average Shares Outstanding | 3,256,715 | | | 3,257,850 | | | 3,258,356 | | | 3,258,800 | |
|