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Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information (unaudited)  
Summary of quarterly financial results

 

                                                                                                                                                                                                   

 

 

For the Quarters Ended,

 

 

 

Q4
2016

 

Q3
2016

 

Q2
2016

 

Q1
2016

 

Q4
2015

 

Q3
2015

 

Q2
2015

 

Q1
2015

 

 

 

 

(dollars in thousands, except per share data)

 

Interest income

 

  $

18,920

 

  $

17,669

 

  $

17,743

 

  $

17,015

 

  $

17,464

 

  $

16,957

 

  $

16,741

 

  $

16,928

 

Net interest income

 

 

17,463

 

 

16,230

 

 

16,299

 

 

15,618

 

 

16,123

 

 

15,396

 

 

15,242

 

 

15,498

 

Provision for loan and lease losses

 

 

(500

)

 

 

 

(1,000

)

 

 

 

 

 

 

 

 

 

 

Non-interest income

 

 

2,880

 

 

3,344

 

 

2,583

 

 

3,407

 

 

2,061

 

 

2,806

 

 

2,271

 

 

3,001

 

Non-interest expense

 

 

12,906

 

 

12,723

 

 

13,064

 

 

12,621

 

 

12,774

 

 

12,151

 

 

11,429

 

 

11,813

 

​  

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​  

​  

Income before provision for income taxes

 

 

7,937

 

 

6,851

 

 

6,818

 

 

6,404

 

 

5,410

 

 

6,051

 

 

6,084

 

 

6,686

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

 

4,550

 

 

4,183

 

 

4,215

 

 

3,985

 

 

3,478

 

 

4,002

 

 

3,800

 

 

4,069

 

​  

​  

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Dividends and accretion on preferred stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

70

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income available to common shareholders

 

  $

4,550

 

  $

4,183

 

  $

4,215

 

  $

3,985

 

  $

3,478

 

  $

4,002

 

  $

3,730

 

  $

4,069

 

​  

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​  

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Earnings Per Common Share

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

Basic

 

  $

0.13

 

  $

0.12

 

  $

0.12

 

  $

0.12

 

  $

0.10

 

  $

0.12

 

  $

0.11

 

  $

0.12

 

Diluted

 

  $

0.13

 

  $

0.12

 

  $

0.12

 

  $

0.12

 

  $

0.10

 

  $

0.12

 

  $

0.11

 

  $

0.12

 

Dividends Declared Per Common Share

 

  $

0.06

 

  $

0.06

 

  $

0.06

 

  $

0.06

 

  $

0.06

 

  $

0.06

 

  $

0.06

 

  $

0.05