| Quarterly Financial Data (Unaudited) |
Quarterly Financial Data (Unaudited)
Summarized quarterly financial data is shown in the following tables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended |
|
March 31 |
|
June 30 |
|
September 30 |
|
December 31 |
|
(In thousands, except per share data) |
2017: |
|
|
|
|
|
|
|
Interest and dividend income |
$ |
48,349 |
|
|
$ |
51,326 |
|
|
$ |
53,862 |
|
|
$ |
55,784 |
|
Interest expense |
5,995 |
|
|
8,148 |
|
|
8,936 |
|
|
9,440 |
|
Net interest income before provision for loan and lease losses |
42,354 |
|
|
43,178 |
|
|
44,926 |
|
|
46,344 |
|
Loan and lease loss provision (income) |
(80 |
) |
|
422 |
|
|
269 |
|
|
220 |
|
Non-interest income |
7,217 |
|
|
9,702 |
|
|
8,816 |
|
|
7,680 |
|
Non-interest expense |
27,240 |
|
|
28,944 |
|
|
28,660 |
|
|
29,258 |
|
Income before provision for income taxes |
22,411 |
|
|
23,514 |
|
|
24,813 |
|
|
24,546 |
|
Provision for income taxes |
8,628 |
|
|
9,057 |
|
|
9,890 |
|
|
13,049 |
|
Net income |
$ |
13,783 |
|
|
$ |
14,457 |
|
|
$ |
14,923 |
|
|
$ |
11,497 |
|
Basic earnings per share |
$ |
0.43 |
|
|
$ |
0.45 |
|
|
$ |
0.46 |
|
|
$ |
0.36 |
|
Diluted earnings per share |
$ |
0.43 |
|
|
$ |
0.45 |
|
|
$ |
0.46 |
|
|
$ |
0.36 |
|
|
|
|
|
|
|
|
|
2016: |
|
|
|
|
|
|
|
Interest and dividend income |
$ |
42,674 |
|
|
$ |
44,159 |
|
|
$ |
44,325 |
|
|
$ |
47,313 |
|
Interest expense |
4,105 |
|
|
4,179 |
|
|
4,743 |
|
|
5,247 |
|
Net interest income before provision for loan and lease losses |
38,569 |
|
|
39,980 |
|
|
39,582 |
|
|
42,066 |
|
Loan and lease loss provision (income) |
(1,525 |
) |
|
(1,515 |
) |
|
(1,450 |
) |
|
151 |
|
Non-interest income |
6,961 |
|
|
9,373 |
|
|
8,674 |
|
|
8,067 |
|
Non-interest expense |
26,068 |
|
|
27,863 |
|
|
28,337 |
|
|
25,955 |
|
Income before provision for income taxes |
20,987 |
|
|
23,005 |
|
|
21,369 |
|
|
24,027 |
|
Provision for income taxes |
6,183 |
|
|
8,857 |
|
|
8,248 |
|
|
9,611 |
|
Net income |
$ |
14,804 |
|
|
$ |
14,148 |
|
|
$ |
13,121 |
|
|
$ |
14,416 |
|
Basic earnings per share |
$ |
0.46 |
|
|
$ |
0.44 |
|
|
$ |
0.41 |
|
|
$ |
0.45 |
|
Diluted earnings per share |
$ |
0.46 |
|
|
$ |
0.44 |
|
|
$ |
0.41 |
|
|
$ |
0.45 |
|
|