| 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) |
2018: |
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Interest and dividend income |
$ |
55,082 |
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$ |
57,322 |
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|
$ |
60,036 |
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$ |
61,957 |
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Interest expense |
10,158 |
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|
12,208 |
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|
14,707 |
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|
16,311 |
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Net interest income before provision for loan and lease losses |
44,924 |
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|
45,114 |
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|
45,329 |
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|
45,646 |
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Loan and lease loss provision |
649 |
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|
100 |
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|
200 |
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|
3,041 |
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Noninterest income |
6,061 |
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|
5,945 |
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|
6,215 |
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|
6,299 |
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Noninterest expense |
29,757 |
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|
29,510 |
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|
29,008 |
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|
29,298 |
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Income before income tax expense |
20,579 |
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|
21,449 |
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|
22,336 |
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|
19,606 |
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Income tax expense |
5,724 |
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|
5,901 |
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|
6,255 |
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|
8,222 |
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Net income |
$ |
14,855 |
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$ |
15,548 |
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$ |
16,081 |
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$ |
11,384 |
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Basic earnings per share |
$ |
0.46 |
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$ |
0.48 |
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$ |
0.50 |
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$ |
0.37 |
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Diluted earnings per share |
$ |
0.46 |
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$ |
0.48 |
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$ |
0.50 |
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$ |
0.37 |
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2017: |
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Interest and dividend income |
$ |
48,349 |
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$ |
51,326 |
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$ |
53,862 |
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$ |
55,784 |
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Interest expense |
5,995 |
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|
8,148 |
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|
8,936 |
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|
9,440 |
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Net interest income before provision for loan and lease losses |
42,354 |
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|
43,178 |
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|
44,926 |
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|
46,344 |
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Loan and lease loss (income ) provision |
(80 |
) |
|
422 |
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|
269 |
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|
220 |
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Noninterest income |
7,217 |
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|
9,702 |
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|
8,816 |
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|
7,680 |
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Noninterest expense |
27,240 |
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|
28,944 |
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|
28,660 |
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|
29,258 |
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Income before income tax expense |
22,411 |
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|
23,514 |
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|
24,813 |
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|
24,546 |
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Income tax expense |
8,628 |
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|
9,057 |
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|
9,890 |
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|
13,049 |
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Net income |
$ |
13,783 |
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$ |
14,457 |
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$ |
14,923 |
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$ |
11,497 |
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Basic earnings per share |
$ |
0.43 |
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$ |
0.45 |
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$ |
0.46 |
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$ |
0.36 |
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Diluted earnings per share |
$ |
0.43 |
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$ |
0.45 |
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$ |
0.46 |
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$ |
0.36 |
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