Note 20 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Quarterly Results of Operations (Unaudited)

Note 20. Quarterly Results of Operations (Unaudited)

	Year Ended December 31, 2019
	March		June		September		December
	2019		2019		2019		2019
	(dollars in thousands)
Total interest income	$	52,101	$	54,181	$	56,817	$	52,977
Total interest expense		15,193		16,168		16,098		13,058
Net interest income		36,908		38,013		40,719		39,919
Provision for loan/lease losses		2,134		1,941		2,012		979
Noninterest income		11,992		17,065		19,906		29,805
Noninterest expense		32,435		36,560		39,945		46,294
Income before taxes		14,331		16,577		18,668		22,451
Federal and state income tax expense (benefit)		1,413		3,073		3,573		6,560
Net income	$	12,918	$	13,504	$	15,095	$	15,891
EPS:
Basic	$	0.82	$	0.86	$	0.96	$	1.01
Diluted	$	0.81	$	0.85	$	0.94	$	0.99

	Year Ended December 31, 2018
	March		June		September		December
	2018		2018		2018		2018
	(dollars in thousands)
Total interest income	$	39,546	$	40,799	$	49,830	$	52,704
Total interest expense		7,143		8,714		11,516		13,109
Net interest income		32,403		32,085		38,314		39,595
Provision for loan/lease losses		2,540		2,301		6,206		1,612
Noninterest income		8,541		8,912		8,809		15,278
Noninterest expense		25,863		26,370		30,500		36,410
Income before taxes		12,541		12,326		10,417		16,851
Federal and state income tax expense		1,991		1,881		1,608		3,535
Net income	$	10,550	$	10,445	$	8,809	$	13,316
EPS:
Basic	$	0.76	$	0.75	$	0.56	$	0.85
Diluted	$	0.74	$	0.73	$	0.55	$	0.84