| Summary of Quarterly Financial Data |
Summarized quarterly financial data is shown in the following tables:
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Quarter Ended |
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March 31 |
|
June 30 |
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September 30 |
|
December 31 |
|
(In thousands, except per share data) |
2015: |
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|
|
|
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 losses |
37,456 |
|
|
37,092 |
|
|
35,985 |
|
|
37,584 |
|
(Negative) provision for loan 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 |
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|
27,028 |
|
|
28,723 |
|
|
28,186 |
|
Income before provision for income taxes |
18,587 |
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|
23,602 |
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|
24,527 |
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|
25,289 |
|
Provision for income taxes |
7,534 |
|
|
9,619 |
|
|
10,569 |
|
|
10,460 |
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Net income from continuing operations, net of taxes |
$ |
11,053 |
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|
$ |
13,983 |
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|
$ |
13,958 |
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|
$ |
14,829 |
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Income (loss) from discontinued operations |
— |
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|
— |
|
|
— |
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|
— |
|
Net income |
$ |
11,053 |
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|
$ |
13,983 |
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|
$ |
13,958 |
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|
$ |
14,829 |
|
Basic earnings per share: |
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|
|
|
|
|
|
Income from continuing operations, net of taxes |
$ |
0.35 |
|
|
$ |
0.44 |
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|
$ |
0.44 |
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|
$ |
0.46 |
|
Loss from discontinued operations, net of taxes |
— |
|
|
— |
|
|
— |
|
|
— |
|
Basic earnings per share |
$ |
0.35 |
|
|
$ |
0.44 |
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|
$ |
0.44 |
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|
$ |
0.46 |
|
Diluted earnings per share: |
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Income from continuing operations, net of taxes |
$ |
0.35 |
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|
$ |
0.44 |
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|
$ |
0.44 |
|
|
$ |
0.46 |
|
Loss from discontinued operations, net of taxes |
— |
|
|
— |
|
|
— |
|
|
— |
|
Diluted earnings per share |
$ |
0.35 |
|
|
$ |
0.44 |
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|
$ |
0.44 |
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|
$ |
0.46 |
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2014: |
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Interest and dividend income |
$ |
30,367 |
|
|
$ |
30,343 |
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|
$ |
34,562 |
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|
$ |
41,462 |
|
Interest expense |
3,269 |
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|
3,183 |
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|
3,475 |
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|
4,106 |
|
Net interest income before provision for loan losses |
27,098 |
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|
27,160 |
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|
31,087 |
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|
37,356 |
|
Provision for loan losses |
(3,608 |
) |
|
(3,902 |
) |
|
(60 |
) |
|
1,312 |
|
Non-interest income |
6,214 |
|
|
5,487 |
|
|
21,611 |
|
|
8,984 |
|
Non-interest expense |
18,108 |
|
|
18,174 |
|
|
25,590 |
|
|
36,799 |
|
Income before provision for income taxes |
18,812 |
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|
18,375 |
|
|
27,168 |
|
|
8,229 |
|
Provision for income taxes |
7,844 |
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|
6,866 |
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|
5,368 |
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|
2,301 |
|
Net income from continuing operations, net of taxes |
$ |
10,968 |
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|
$ |
11,509 |
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|
$ |
21,800 |
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|
$ |
5,928 |
|
Loss (income) from discontinued operations |
23 |
|
|
(467 |
) |
|
— |
|
|
— |
|
Net income |
$ |
10,991 |
|
|
$ |
11,042 |
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|
$ |
21,800 |
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|
$ |
5,928 |
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Basic earnings per share: |
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|
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|
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Income from continuing operations, net of taxes |
$ |
0.34 |
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|
$ |
0.36 |
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$ |
0.69 |
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|
$ |
0.19 |
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Income from discontinued operations, net of taxes |
— |
|
|
(0.01 |
) |
|
— |
|
|
— |
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Basic earnings per share |
$ |
0.34 |
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|
$ |
0.35 |
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|
$ |
0.69 |
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$ |
0.19 |
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Diluted earnings per share: |
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Income from continuing operations, net of taxes |
$ |
0.34 |
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$ |
0.36 |
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|
$ |
0.68 |
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|
$ |
0.19 |
|
(Loss) income from discontinued operations, net of taxes |
— |
|
|
(0.01 |
) |
|
— |
|
|
— |
|
Diluted earnings per share |
$ |
0.34 |
|
|
$ |
0.35 |
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|
$ |
0.68 |
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|
$ |
0.19 |
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