Note 20 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Quarterly Results of Operations (Unaudited)

Note 20. Quarterly Results of Operations (Unaudited)

	Year Ended December 31, 2020
	March		June		September		December
	2020		2020		2020		2020
	(dollars in thousands)
Total interest income	$	48,982	$	48,650	$	50,890	$	49,851
Total interest expense		11,276		7,694		6,309		6,144
Net interest income		37,706		40,956		44,581		43,707
Provision for loan/lease losses		8,367		19,915		20,342		7,080
Noninterest income		15,196		28,626		37,959		32,017
Noninterest expense		31,423		33,130		40,838		46,364
Income before taxes		13,112		16,537		21,360		22,280
Federal and state income tax expense		1,884		2,798		4,016		4,009
Net income	$	11,228	$	13,739	$	17,344	$	18,271
EPS:
Basic	$	0.71	$	0.87	$	1.10	$	1.16
Diluted	$	0.70	$	0.86	$	1.09	$	1.14

	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		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