XML 71 R56.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
The unaudited results of operations for the quarters for the years ended December 31, 2016 and 2015 were as follows:
(Dollars and shares in thousands)
 
 
 
 
 
 
 
2016 Quarterly Financial Data:
Fourth
 
Third
 
Second
 
First
Interest income
$
38,056

 
$
36,705

 
$
26,112

 
$
25,734

Interest expense
3,884

 
3,836

 
2,451

 
2,211

Net interest income
34,172

 
32,869

 
23,661

 
23,523

Provision for loan and lease losses
2,250

 
1,415

 
830

 
326

Net interest income after provision for loan and lease losses
31,922

 
31,454

 
22,831

 
23,197

Noninterest income
13,994

 
14,137

 
14,001

 
13,831

Noninterest expense
38,430

 
47,066

 
29,546

 
26,939

Income before income taxes
7,486

 
(1,475
)
 
7,286

 
10,089

Income taxes
568

 
(1,533
)
 
2,046

 
2,800

Net income
$
6,918

 
$
58

 
$
5,240

 
$
7,289

 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
Weighed average shares outstanding - basic earnings per share
26,300

 
26,273

 
19,434

 
19,402

Weighed average shares outstanding - diluted earnings per share
26,436

 
26,340

 
19,469

 
19,433


 
 
 
 
 
 
 
Basic earnings per share
$
0.27

 
$

 
$
0.27

 
$
0.37

Diluted earnings per share
$
0.27

 
$

 
$
0.27

 
$
0.37

Dividends per share
$
0.20

 
$
0.20

 
$
0.20

 
$
0.20

 
 
 
 
 
 
 
 
2015 Quarterly Financial Data:
Fourth
 
Third
 
Second
 
First
Interest income
$
25,747

 
$
25,704

 
$
25,622

 
$
24,910

Interest expense
2,278

 
2,220

 
2,133

 
1,434

Net interest income
23,469

 
23,484

 
23,489

 
23,476

Provision for loan and lease losses
917

 
670

 
1,141

 
1,074

Net interest income after provision for loan and lease losses
22,552

 
22,814

 
22,348

 
22,402

Noninterest income
13,188

 
12,736

 
13,242

 
13,259

Noninterest expense
26,029

 
25,243

 
26,832

 
27,411

Income before income taxes
9,711

 
10,307

 
8,758

 
8,250

Income taxes
2,553

 
2,779

 
2,292

 
2,134

Net income
$
7,158

 
$
7,528

 
$
6,466

 
$
6,116

 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
Weighed average shares outstanding - basic earnings per share
19,356

 
19,337

 
19,501

 
19,776

Weighed average shares outstanding - diluted earnings per share
19,395

 
19,368

 
19,530

 
19,800


 
 
 
 
 
 
 
Basic earnings per share
$
0.37

 
$
0.39

 
$
0.33

 
$
0.31

Diluted earnings per share
$
0.37

 
$
0.39

 
$
0.33

 
$
0.31

Dividends per share
$
0.20

 
$
0.20

 
$
0.20

 
$
0.20