Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (Unaudited)

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QUARTERLY FINANCIAL DATA (Unaudited)
 12 Months Ended
Dec. 31, 2018
QUARTERLY FINANCIAL DATA (Unaudited) [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited)
NOTE 19 – QUARTERLY FINANCIAL DATA (Unaudited)

(Dollars in thousands except per share data)

                           
Earnings Per Common Share
  
   
Interest
Income
    
Net Interest
Income
    
Provision for
Loan Losses
    
Net
Income
    
Basic
    
Diluted
  
2018
                                    
First quarter
  
$
16,019
    
$
14,182
    
$
(100
)
  
$
5,755
    
$
0.17
    
$
0.17
  
Second quarter
    
16,836
      
14,653
      
(300
)
    
6,728
      
0.20
      
0.20
  
Third quarter
    
17,687
      
15,162
      
—
      
6,852
      
0.20
      
0.20
  
Fourth quarter
    
18,496
      
15,628
      
850
      
7,043
      
0.21
      
0.21
  
                                                 
2017
                                                
First quarter
  
$
13,848
    
$
12,583
    
$
(500
)
  
$
4,460
    
$
0.13
    
$
0.13
  
Second quarter
    
14,042
      
12,705
      
(500
)
    
4,762
      
0.14
      
0.14
  
Third quarter
    
14,626
      
13,138
      
(350
)
    
4,876
      
0.15
      
0.15
  
Fourth quarter
    
15,160
      
13,518
      
—
      
2,194
      
0.06
      
0.06
  

Net income for the fourth quarter of 2017 included $2.5 million in federal income tax expense to revalue net deferred tax assets under the newly enacted federal income tax rate.