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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 23 – QUARTERLY FINANCIAL DATA (UNAUDITED)

 

     Interest
Income
     Net Interest
Income
     Net
Income
     Basic
Earnings
per
Common
Share
     Diluted
Earnings
per
Common
Share
 

2015

              

First quarter (1)(2)(3)

   $ 11,762       $ 10,915       $ 3,171       $ 0.36       $ 0.29   

Second quarter (1)(2)

     12,740         11,916         3,122         0.35         0.29   

Third quarter (2)(4)

     13,223         12,402         3,253         0.36         0.30   

Fourth quarter (2)(5)

     12,976         12,159         3,199         0.36         0.29   

2014

              

First quarter (2)(3)

   $ 11,315       $ 10,165       $ 2,712       $ 0.27       $ 0.22   

Second quarter (1)(2)

     11,365         10,266         2,240         0.24         0.21   

Third quarter (1)(2)

     11,667         10,684         2,306         0.25         0.21   

Fourth quarter (1)(2)

     11,623         10,751         2,270         0.23         0.21   

 

(1)  Interest income and net interest income increased due to loan volume.
(2)  Net interest income increased due to interest expense decreasing as deposits repriced downward and the deposit mix shifted toward cheaper funding sources.
(3)  Net income increased due to fees on tax refund processing program.
(4)  Net income increased due to increased loan volume, offset by a decrease in fees on the tax refund processing program.
(5)  Interest income, net interest income and net income decreased due to decreased loan volume.