Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Tables)

v3.6.0.2
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data
Summarized quarterly financial data is shown in the following tables:
 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
 
(In thousands, except per share data)
2016:
 
 
 
 
 
 
 
Interest and dividend income
$
42,674

 
$
44,159

 
$
44,325

 
$
47,313

Interest expense
4,105

 
4,179

 
4,743

 
5,247

Net interest income before provision for loan and lease losses
38,569

 
39,980

 
39,582

 
42,066

Negative provision for loan and lease losses
(1,525
)
 
(1,515
)
 
(1,450
)
 
151

Non-interest income
6,961

 
9,373

 
8,674

 
8,067

Non-interest expense
26,068

 
27,863

 
28,337

 
25,955

Income before provision for income taxes
20,987

 
23,005

 
21,369

 
24,027

Provision for income taxes
6,183

 
8,857

 
8,248

 
9,611

Net income
$
14,804


$
14,148


$
13,121


$
14,416

Basic earnings per share
$
0.46

 
$
0.44

 
$
0.41

 
$
0.45

Diluted earnings per share
$
0.46

 
$
0.44

 
$
0.41

 
$
0.45

 
 
 
 
 
 
 
 
2015:
 
 
 
 
 
 
 
Interest and dividend income
$
41,437

 
$
41,050

 
$
40,025

 
$
41,714

Interest expense
3,981

 
3,958

 
4,040

 
4,130

Net interest income before provision for loan and lease losses
37,456

 
37,092

 
35,985

 
37,584

Negative provision for loan and lease losses
(1,672
)
 
(2,403
)
 
(3,704
)
 
(3,835
)
Non-interest income
10,850

 
11,135

 
13,561

 
12,056

Non-interest expense
31,391

 
27,028

 
28,723

 
28,186

Income before provision for income taxes
18,587

 
23,602

 
24,527

 
25,289

Provision for income taxes
7,534

 
9,619

 
10,569

 
10,460

Net income
$
11,053


$
13,983


$
13,958


$
14,829

Basic earnings per share
$
0.35

 
$
0.44

 
$
0.44

 
$
0.46

Diluted earnings per share
$
0.35

 
$
0.44

 
$
0.44

 
$
0.46