Quarterly Financial Information (Unaudited)

The following quarterly financial information for the years ended December 31, 2019, 2018 and 2017 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.



	2019
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	18,500	$	18,781	$	19,055	$	19,312
Total interest expense	4,284		4,571		4,651		4,549
Net interest income	14,216		14,210		14,404		14,763
Provision for loan losses	500		350		750		500
Net interest income after provision for loan losses	13,716		13,860		13,654		14,263
Total noninterest income	2,020		2,411		2,710		2,398
Total noninterest expense	8,476		8,791		8,729		8,721
Income before provision for income taxes	7,260		7,480		7,635		7,940
Provision for income taxes	1,520		1,646		1,676		1,820
Net income	$	5,740	$	5,834	$	5,959	$	6,120
Net income per common share - Basic	$	0.53	$	0.54	$	0.55	$	0.56
Net income per common share - Diluted	0.52		0.53		0.54		0.55



	2018
(In thousands, except per share data)	March 31		June 30		September 30		December 31
Total interest income	$	15,640	$	16,369	$	17,194	$	18,060
Total interest expense	2,768		3,225		3,627		3,896
Net interest income	12,872		13,144		13,567		14,164
Provision for loan losses	500		550		500		500
Net interest income after provision for loan losses	12,372		12,594		13,067		13,664
Total noninterest income	2,286		2,312		2,479		1,954
Total noninterest expense	8,194		8,158		8,801		8,268
Income before provision for income taxes	6,464		6,748		6,745		7,350
Provision for income taxes	1,235		1,351		1,255		1,547
Net income	$	5,229	$	5,397	$	5,490	$	5,803
Net income per common share - Basic	$	0.49	$	0.50	$	0.51	$	0.54
Net income per common share - Diluted	0.48		0.49		0.50		0.53



	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