Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Tables)

v3.20.4
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
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

 

2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

58,925

 

 

$

55,736

 

 

$

54,846

 

 

$

54,359

 

Interest expense

 

 

14,950

 

 

 

11,294

 

 

 

9,241

 

 

 

7,482

 

Net interest income before credit loss expense

 

 

43,975

 

 

 

44,442

 

 

 

45,605

 

 

 

46,877

 

Credit loss expense

 

 

15,739

 

 

 

24,594

 

 

 

38

 

 

 

5,083

 

Noninterest income

 

 

6,223

 

 

 

20,931

 

 

 

7,140

 

 

 

8,809

 

Noninterest expense

 

 

31,068

 

 

 

27,138

 

 

 

29,924

 

 

 

30,923

 

Income before tax

 

 

3,391

 

 

 

13,641

 

 

 

22,783

 

 

 

19,680

 

Income tax expense

 

 

1,041

 

 

 

4,466

 

 

 

6,439

 

 

 

5,354

 

Net income

 

$

2,350

 

 

$

9,175

 

 

$

16,344

 

 

$

14,326

 

Basic earnings per share

 

$

0.08

 

 

$

0.30

 

 

$

0.53

 

 

$

0.47

 

Diluted earnings per share

 

$

0.08

 

 

$

0.30

 

 

$

0.53

 

 

$

0.47

 

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

62,414

 

 

$

61,482

 

 

$

62,177

 

 

$

60,699

 

Interest expense

 

 

17,526

 

 

 

18,492

 

 

 

18,119

 

 

 

16,763

 

Net interest income before credit loss expense

 

 

44,888

 

 

 

42,990

 

 

 

44,058

 

 

 

43,936

 

Credit loss expense

 

 

1,117

 

 

 

16,699

 

 

 

1,602

 

 

 

10,752

 

Noninterest income

 

 

6,254

 

 

 

7,729

 

 

 

6,860

 

 

 

6,709

 

Noninterest expense

 

 

29,065

 

 

 

30,144

 

 

 

32,607

 

 

 

34,089

 

Income before tax

 

 

20,960

 

 

 

3,876

 

 

 

16,709

 

 

 

5,804

 

Income tax expense

 

 

6,288

 

 

 

1,220

 

 

 

4,333

 

 

 

2,720

 

Net income

 

$

14,672

 

 

$

2,656

 

 

$

12,377

 

 

$

3,084

 

Basic earnings per share

 

$

0.48

 

 

$

0.09

 

 

$

0.40

 

 

$

0.10

 

Diluted earnings per share

 

$

0.48

 

 

$

0.09

 

 

$

0.40

 

 

$

0.10