Note 19 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Quarterly Financial Information [Text Block]

Note 19. Quarterly Results of Operations (Unaudited)

	Year Ended December 31, 2018
	March		June		September		December
	2018		2018		2018		2018
Total interest income	$	39,546,296	$	40,798,214	$	49,830,471	$	52,704,261
Total interest expense		7,143,378		8,713,718		11,516,988		13,109,573
Net interest income		32,402,918		32,084,496		38,313,483		39,594,688
Provision for loan/lease losses		2,539,839		2,300,735		6,205,828		1,612,047
Noninterest income		8,541,449		8,912,266		8,808,825		15,278,554
Noninterest expense		25,863,497		26,369,823		30,499,610		36,410,489
Income before taxes		12,541,031		12,326,204		10,416,870		16,850,706
Federal and state income tax expense (benefit)		1,991,070		1,880,819		1,608,035		3,535,188
Net income	$	10,549,961	$	10,445,385	$	8,808,835	$	13,315,518
EPS:
Basic	$	0.76	$	0.75	$	0.56	$	0.85
Diluted	$	0.74	$	0.73	$	0.55	$	0.84

	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		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