Note 19 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Quarterly Financial Information [Text Block]

Note

19

.

Quarterly Results of Operations (Unaudited)

	Year Ended December 31, 2017
	March		June		September		December
	2017		2017		2017		2017
Total interest income	$	31,345,099	$	32,453,268	$	33,840,865	$	37,878,086
Total interest expense		3,676,216		4,406,571		5,284,517		6,084,733
Net interest income		27,668,883		28,046,697		28,556,348		31,793,353
Provision for loan/lease losses		2,105,109		2,022,993		2,086,436		2,255,381
Noninterest income		7,283,754		6,782,518		6,701,303		9,714,717
Noninterest expense		21,273,117		21,404,629		23,395,747		31,351,204
Income before taxes		11,574,411		11,401,593		9,775,468		7,901,485
Federal and state income tax expense (benefit)		2,389,446		2,635,576		1,921,533		(2,000,105	)
Net income	$	9,184,965	$	8,766,017	$	7,853,935	$	9,901,590
EPS:
Basic	$	0.70	$	0.67	$	0.60	$	0.72
Diluted	$	0.68	$	0.65	$	0.58	$	0.70

	Year Ended December 31, 2016
	March		June		September		December
	2016		2016		2016		2016
Total interest income	$	23,502,059	$	23,913,284	$	26,816,735	$	32,235,657
Total interest expense		2,904,537		2,904,471		3,185,958		2,955,992
Net interest income		20,597,522		21,008,813		23,630,777		29,279,665
Provision for loan/lease losses		2,072,985		1,197,850		1,607,986		2,599,345
Noninterest income		6,822,473		6,762,401		10,423,401		7,028,600
Noninterest expense		16,954,498		17,743,753		24,480,483		22,307,178
Income before taxes		8,392,512		8,829,611		7,965,709		11,401,742
Federal and state income tax expense		2,019,023		2,153,144		1,858,208		2,872,412
Net income	$	6,373,489	$	6,676,467	$	6,107,501	$	8,529,330
EPS:
Basic	$	0.54	$	0.54	$	0.47	$	0.65
Diluted	$	0.53	$	0.53	$	0.46	$	0.64