| Quarterly Financial Data (Unaudited) |
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) |
2016: |
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|
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Interest and dividend income |
$ |
42,674 |
|
|
$ |
44,159 |
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|
$ |
44,325 |
|
|
$ |
47,313 |
|
Interest expense |
4,105 |
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|
4,179 |
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|
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 |
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|
9,373 |
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|
8,674 |
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|
8,067 |
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Non-interest expense |
26,068 |
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|
27,863 |
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|
28,337 |
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|
25,955 |
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Income before provision for income taxes |
20,987 |
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|
23,005 |
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|
21,369 |
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|
24,027 |
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Provision for income taxes |
6,183 |
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|
8,857 |
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|
8,248 |
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|
9,611 |
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Net income |
$ |
14,804 |
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|
$ |
14,148 |
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$ |
13,121 |
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$ |
14,416 |
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Basic earnings per share |
$ |
0.46 |
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|
$ |
0.44 |
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$ |
0.41 |
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$ |
0.45 |
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Diluted earnings per share |
$ |
0.46 |
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|
$ |
0.44 |
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$ |
0.41 |
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$ |
0.45 |
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2015: |
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Interest and dividend income |
$ |
41,437 |
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|
$ |
41,050 |
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$ |
40,025 |
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|
$ |
41,714 |
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Interest expense |
3,981 |
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|
3,958 |
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|
4,040 |
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|
4,130 |
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Net interest income before provision for loan and lease losses |
37,456 |
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|
37,092 |
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|
35,985 |
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|
37,584 |
|
Negative provision for loan and lease losses |
(1,672 |
) |
|
(2,403 |
) |
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(3,704 |
) |
|
(3,835 |
) |
Non-interest income |
10,850 |
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|
11,135 |
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|
13,561 |
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|
12,056 |
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Non-interest expense |
31,391 |
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|
27,028 |
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|
28,723 |
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|
28,186 |
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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 |
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Provision for income taxes |
7,534 |
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|
9,619 |
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|
10,569 |
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|
10,460 |
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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 |
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Basic earnings per share |
$ |
0.35 |
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$ |
0.44 |
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$ |
0.44 |
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$ |
0.46 |
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Diluted earnings per share |
$ |
0.35 |
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$ |
0.44 |
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$ |
0.44 |
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$ |
0.46 |
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