Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Tables)

v3.19.3.a.u2
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
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

 

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 provision for loan and lease losses

 

 

44,888

 

 

 

42,990

 

 

 

44,058

 

 

 

43,936

 

Loan and lease loss provision

 

 

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 provision for income taxes

 

 

20,960

 

 

 

3,876

 

 

 

16,709

 

 

 

5,804

 

Provision for income taxes

 

 

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

 

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

55,082

 

 

$

57,322

 

 

$

60,036

 

 

$

61,957

 

Interest expense

 

 

10,158

 

 

 

12,208

 

 

 

14,707

 

 

 

16,311

 

Net interest income before provision for loan and lease losses

 

 

44,924

 

 

 

45,114

 

 

 

45,329

 

 

 

45,646

 

Loan and lease loss provision

 

 

649

 

 

 

100

 

 

 

200

 

 

 

3,041

 

Noninterest income

 

 

6,061

 

 

 

5,945

 

 

 

6,215

 

 

 

6,299

 

Noninterest expense

 

 

29,757

 

 

 

29,510

 

 

 

29,008

 

 

 

29,298

 

Income before provision for income taxes

 

 

20,579

 

 

 

21,449

 

 

 

22,336

 

 

 

19,606

 

Provision for income taxes

 

 

5,724

 

 

 

5,901

 

 

 

6,255

 

 

 

8,222

 

Net income

 

$

14,855

 

 

$

15,548

 

 

$

16,081

 

 

$

11,384

 

Basic earnings per share

 

$

0.46

 

 

$

0.48

 

 

$

0.50

 

 

$

0.37

 

Diluted earnings per share

 

$

0.46

 

 

$

0.48

 

 

$

0.50

 

 

$

0.37