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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