Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

Note 19. Quarterly Results of Operations (Unaudited)

The following is a summary of consolidated unaudited quarterly results of operations:

__________________________________________2021__________________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,461	$	3,605	$	3,290	$	3,161
Interest expense		251		265		274		284
Net interest income		3,210		3,340		3,016		2,877
Provision for credit losses		(382)		(122)		(67)		(404)
Net securities gains		(589)		1		—		—
Income before income taxes		693		1,131		570		699
Net income		555		888		479		594
Net income per share (basic and diluted)	$	0.19	$	0.31	$	0.17	$	0.21

___________________________________________2020______________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,485	$	3,349	$	3,336	$	3,499
Interest expense		313		353		398		451
Net interest income		3,172		2,996		2,938		3,048
Provision for credit losses		(427)		(669)		487		(80)
Net securities gains		6		—		—		—
Income before income taxes		712		1,232		(128)		343
Net income		547		949		(96)		268
Net income per share (basic and diluted)	$	0.20	$	0.33	$	(0.03)	$	0.09