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Summary of Quarterly Consolidated Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Data [Abstract]  
Quarterly Condensed Financials

The following table presents summarized quarterly financial data for 2020 and 2019.  Due to the methodology and rounding of quarterly earnings per share versus full-year earnings per share calculations, the quarterly measures may not equal the full-year measurement disclosed on the respective year’s income statement.

 

(Dollars in thousands, except per share data)

2020 Quarter Ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest Income

$

23,699

 

 

$

26,188

 

 

$

26,122

 

 

$

31,926

 

Interest Expense

 

6,034

 

 

 

4,842

 

 

 

4,714

 

 

 

4,137

 

Net Interest Income

 

17,665

 

 

 

21,346

 

 

 

21,408

 

 

 

27,789

 

Provision for Loan and Lease Losses

 

550

 

 

 

1,050

 

 

 

1,100

 

 

 

1,500

 

Net Interest Income After Provision for Loan Losses

 

17,115

 

 

 

20,296

 

 

 

20,308

 

 

 

26,289

 

Noninterest Income

 

2,934

 

 

 

3,622

 

 

 

5,302

 

 

 

6,050

 

Noninterest Expense

 

15,581

 

 

 

15,403

 

 

 

18,174

 

 

 

21,419

 

Income Before Provision for Income Taxes

 

4,468

 

 

 

8,515

 

 

 

7,436

 

 

 

10,920

 

Provision for Income Taxes

 

650

 

 

 

1,682

 

 

 

889

 

 

 

1,909

 

Net Income

$

3,818

 

 

$

6,833

 

 

$

6,547

 

 

$

9,011

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

$

0.45

 

 

$

0.81

 

 

$

0.78

 

 

$

1.07

 

Diluted Earnings Per Common Share

$

0.45

 

 

$

0.81

 

 

$

0.78

 

 

$

1.06

 

Cash Dividends Declared

 

0.23

 

 

 

0.18

 

 

 

0.18

 

 

 

0.23

 

 

 

 

(Dollars in thousands, except per share data)

2019 Quarter Ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest Income

$

22,866

 

 

$

23,998

 

 

$

24,513

 

 

$

23,935

 

Interest Expense

 

5,560

 

 

 

6,228

 

 

 

6,746

 

 

 

6,630

 

Net Interest Income

 

17,306

 

 

 

17,770

 

 

 

17,767

 

 

 

17,305

 

Provision for Loan and Lease Losses

 

125

 

 

 

465

 

 

 

565

 

 

 

235

 

Net Interest Income After Provision

   for Loan Losses

 

17,181

 

 

 

17,305

 

 

 

17,202

 

 

 

17,070

 

Noninterest Income

 

2,049

 

 

 

2,874

 

 

 

3,003

 

 

 

4,695

 

Noninterest Expense

 

14,303

 

 

 

14,796

 

 

 

14,683

 

 

 

16,171

 

Income Before Provision for Income

   Taxes

 

4,927

 

 

 

5,383

 

 

 

5,522

 

 

 

5,594

 

Provision for Income Taxes

 

850

 

 

 

980

 

 

 

709

 

 

 

1,186

 

Net Income

$

4,077

 

 

$

4,403

 

 

$

4,813

 

 

$

4,408

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted Earnings Per Common Share

$

0.48

 

 

$

0.52

 

 

$

0.57

 

 

$

0.52

 

Cash Dividends Declared

 

0.25

 

 

 

0.18

 

 

 

0.18

 

 

 

0.18