Note 23 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Quarterly Financial Information [Text Block]

Note 23. Quarterly Financial Data (Unaudited)

The following tables present selected financial data for the periods indicated:

	Year Ended December 31, 2020
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
(Amounts in thousands, except share and per share data)
Interest income	$	29,509	$	27,786	$	27,995	$	28,746
Interest expense		1,827		1,447		1,161		1,029
Net interest income		27,682		26,339		26,834		27,717
Provision for loan losses		3,500		3,831		4,703		634
Net interest income after provision		24,182		22,508		22,131		27,083
Noninterest income, excluding net loss on sale of securities		7,164		6,913		7,638		7,733
Net loss on sale of securities		385		—		—		—
Noninterest expense		21,664		18,913		19,171		19,877
Income before income taxes		10,067		10,508		10,598		14,939
Income tax expense		2,195		2,270		2,332		3,389
Net income	$	7,872	$	8,238	$	8,266	$	11,550
Basic earnings per common share	$	0.44	$	0.47	$	0.47	$	0.65
Diluted earnings per common share		0.44		0.46		0.47		0.65
Dividends per common share		0.25		0.25		0.25		0.25
Weighted average basic shares outstanding		17,998,994		17,701,853		17,710,283		17,717,356
Weighted average diluted shares outstanding		18,050,071		17,728,300		17,732,428		17,751,805

	Year Ended December 31, 2019
	First		Second			Third		Fourth
	Quarter		Quarter			Quarter		Quarter
(Amounts in thousands, except share and per share data)
Interest income	$	23,611	$	24,382		$	23,605	$	23,370
Interest expense		1,425		1,393			1,384		1,313
Net interest income		22,186		22,989			22,221		22,057
Provision for loan losses		1,220		1,585			675		91
Net interest income after provision		20,966		21,404			21,546		21,966
Noninterest income, excluding net loss on sale of securities		8,080		8,692			7,634		9,314
Net loss on sale of securities		—		(43	)		—		—
Noninterest expense		16,785		16,651			17,444		18,883
Income before income taxes		12,261		13,402			11,736		12,397
Income tax expense		2,630		2,951			2,580		2,833
Net income	$	9,631	$	10,451		$	9,156	$	9,564
Basic earnings per common share	$	0.61	$	0.67		$	0.59	$	0.61
Diluted earnings per common share		0.60		0.66			0.58		0.61
Dividends per common share		0.21		0.25			0.25		0.25
Weighted average basic shares outstanding		15,839,424		15,712,204			15,603,992		15,611,093
Weighted average diluted shares outstanding		15,920,950		15,775,320			15,664,587		15,670,047