Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (Unaudited)

v2.4.1.9
QUARTERLY FINANCIAL DATA (Unaudited)
 12 Months Ended
Dec. 31, 2014
QUARTERLY FINANCIAL DATA (Unaudited) [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited)
NOTE 19 – QUARTERLY FINANCIAL DATA (Unaudited)

(Dollars in thousands except per share data)

           
Earnings (Loss) Per Common Share
  
   
Interest Income
    
Net Interest Income
    
Provision for Loan Losses
    
Net Income
    
Basic
    
Diluted
  
2014
                        
First quarter
  
$
11,970
    
$
10,475
    
$
(1,000
)
  
$
2,639
    
$
0.08
    
$
0.08
  
Second quarter
    
11,528
      
10,156
      
(1,000
)
    
2,755
      
0.08
      
0.08
  
Third quarter
    
11,674
      
10,304
      
(750
)
    
2,762
      
0.08
      
0.08
  
Fourth quarter
    
11,816
      
10,457
      
(600
)
    
2,317
      
0.07
      
0.07
  
                                                 
2013
                                                
First quarter
  
$
12,433
    
$
10,483
    
$
(750
)
  
$
2,473
    
$
0.09
    
$
0.09
  
Second quarter
    
12,307
      
10,464
      
(1,000
)
    
2,603
      
0.10
      
0.10
  
Third quarter
    
11,919
      
10,124
      
(1,500
)
    
2,238
      
0.08
      
0.08
  
Fourth quarter
    
11,961
      
10,212
      
(1,000
)
    
2,234
      
(0.56
)
    
(0.56
)
 
Net income for the fourth quarter of 2014 includes $516,000 expense associated with a legal settlement discussed in Note 16.

Fourth quarter 2013 loss per common share includes the impact of the induced exchange of preferred stock discussed in Note 17.