| Quarterly Financial Data |
Note 21 — Quarterly Financial Data (Unaudited)
Summarized quarterly financial data is shown in the following
tables:
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Quarter Ended |
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March 31 |
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June 30 |
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September 30 |
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December 31 |
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(In thousands,
except per share data) |
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2013:
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Interest and dividend income
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$ |
29,395 |
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$ |
30,379 |
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$ |
31,627 |
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$ |
30,927 |
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Interest expense
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|
3,791 |
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|
3,225 |
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|
3,153 |
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|
3,338 |
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Net interest income before provision for credit losses
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25,604 |
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27,154 |
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28,474 |
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27,589 |
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Provision for credit losses
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— |
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— |
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— |
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— |
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Non-interest income
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8,357 |
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8,150 |
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7,326 |
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7,584 |
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Non-interest expense
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19,167 |
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19,964 |
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18,966 |
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20,150 |
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Income before provision for income taxes
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14,794 |
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|
15,340 |
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|
16,834 |
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|
15,023 |
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Provision for income taxes
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|
4,684 |
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|
5,821 |
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|
6,584 |
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|
4,996 |
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Net income
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$ |
10,110 |
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$ |
9,519 |
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$ |
10,250 |
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$ |
10,027 |
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Earnings per share:
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Basic
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$ |
0.32 |
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$ |
0.30 |
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$ |
0.32 |
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$ |
0.32 |
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Diluted
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$ |
0.32 |
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$ |
0.30 |
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$ |
0.32 |
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$ |
0.31 |
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2012:
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Interest and dividend income
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$ |
30,294 |
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$ |
29,965 |
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$ |
29,402 |
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$ |
30,139 |
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Interest expense
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5,761 |
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|
4,793 |
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|
4,483 |
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3,708 |
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Net interest income before provision for credit losses
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24,533 |
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25,172 |
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|
24,919 |
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26,431 |
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Provision for credit losses
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|
2,000 |
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|
4,000 |
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|
— |
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— |
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Non-interest income
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3,633 |
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|
7,189 |
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6,520 |
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|
7,470 |
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Non-interest expense
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18,746 |
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19,763 |
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18,804 |
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19,548 |
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Income before provision for income taxes
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7,420 |
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8,598 |
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|
12,635 |
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|
14,353 |
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Provision (benefit) for income taxes
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|
79 |
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(47,177 |
) |
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(644 |
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374 |
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Net income
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$ |
7,341 |
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$ |
55,775 |
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$ |
13,279 |
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$ |
13,979 |
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Earnings per share:
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Basic
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$ |
0.23 |
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$ |
1.77 |
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$ |
0.42 |
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$ |
0.44 |
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Diluted
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$ |
0.23 |
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$ |
1.77 |
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$ |
0.42 |
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$ |
0.44 |
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