Quarterly Financial Information (Unaudited)

The following quarterly financial information for the years ended December 31, 2017 and 2016 is unaudited. However, in the opinion of management, all adjustments, which include normal recurring adjustments necessary to present fairly the results of operations for the periods, are reflected.



	2017
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	12,594	$	13,477	$	14,195	$	15,044
Total interest expense	2,204		2,327		2,378		2,544
Net interest income	10,390		11,150		11,817		12,500
Provision for loan losses	250		400		500		500
Net interest income after provision for loan losses	10,140		10,750		11,317		12,000
Total noninterest income	2,204		2,021		2,008		2,037
Total noninterest expense	7,440		7,421		7,554		7,629
Income before provision for income taxes	4,904		5,350		5,771		6,408
Provision for income taxes	1,712		1,906		2,014		3,908
Net income	$	3,192	$	3,444	$	3,757	$	2,500
Net income per common share - Basic	$	0.30	$	0.33	$	0.36	$	0.23
Net income per common share - Diluted	0.30		0.32		0.35		0.23



	2016
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	11,176	$	11,487	$	12,081	$	12,280
Total interest expense	2,189		2,145		2,208		2,225
Net interest income	8,987		9,342		9,873		10,055
Provision for loan losses	200		400		420		200
Net interest income after provision for loan losses	8,787		8,942		9,453		9,855
Total noninterest income	4,280		2,234		2,173		2,373
Total noninterest expense	6,607		6,728		6,993		7,303
Income before provision for income taxes	6,460		4,448		4,633		4,925
Provision for income taxes	2,255		1,624		1,613		1,765
Net income	$	4,205	$	2,824	$	3,020	$	3,160
Net income per common share - Basic	$	0.45	$	0.30	$	0.32	$	0.33
Net income per common share - Diluted	0.44		0.30		0.32		0.32

All net income per share figures shown above have been adjusted for the 10% stock dividend paid September 30, 2016.