Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2016

Note 24. Quarterly Financial Information (unaudited)

The following table provides a summary of results for the periods indicated:

	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

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

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


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

HERITAGE OAKS BANCORP 10-K