NOTE 23 - QUARTERLY FINANCIAL DATA (UNAUDITED)

							Earnings Per Share
	Interest Income		Net Interest Income		Net Income		Basic		Diluted
2017
First Quarter	$	15,109	$	13,996	$	3,664	$	0.34	$	0.34
Second Quarter		16,373		15,262		3,919		0.37		0.36
Third Quarter		15,134		14,031		3,467		0.33		0.32
Fourth Quarter		15,374		14,199		3,769		0.35		0.35

2016
First Quarter	$	14,210	$	13,055	$	2,979	$	0.29	$	0.29
Second Quarter		14,666		13,491		2,624		0.25		0.25
Third Quarter		14,865		13,716		3,164		0.30		0.30
Fourth Quarter		14,600		13,436		3,407		0.32		0.32

In 2017, interest income increased steadily each quarter largely due to increases in loans outstanding. Interest income in the second quarter of 2017 included approximately $1,161 of income recognized from deferred interest and discounts recognized on loans that paid off during the quarter. The changes in interest income resulted in similar changes in net interest income in 2017, as interest expense was fairly flat during each of the four quarters in 2017. Net income per quarter was also driven by the changes in net interest income each quarter. Net income in the second quarter of 2017 was higher due to the additional loan interest income recognized on loans that paid off during the quarter. Third quarter 2017 net income was lower than the other quarters in 2017, largely due to a higher provision for loan losses when compared to the first and fourth quarters. The higher provision expense in the second quarter of 2017 was more than offset by the higher interest income recorded. Earnings per share amounts were consistent with the changes in net income as average shares outstanding increased only slightly during the course of the year.

In 2016, interest income increased steadily each quarter largely due to increases in loans outstanding. Interest income in the fourth quarter of 2016 was lower than previous quarters largely due to the reversal of accrued interest on loans placed on non-accrual status during the quarter. The changes in interest income resulted in similar changes in net interest income in 2016. Also contributing to an overall increase in interest income and net interest income, when compared to the quarterly income amounts in 2015, was the acquisition of the Bankshares on January 15, 2016. The interest income from the loans and investments and interest expense on deposits and borrowings of Bankshares are included in the quarterly financial results beginning in the first quarter of 2016. The increase in net interest income did not carry all the way through to increases in quarterly net income until the third quarter 2016 largely due to professional fees and conversion expenses related to the acquisition of Bankshares incurred during the first two quarters of 2016 and an additional provision for loan losses in the second quarter of 2016 related to potential losses from flooding experienced in areas of the Company's West Virginia markets. Earnings per share amounts were lower in 2016 due to the additional shares issued to acquire Bankshares.