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Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Quarterly Financial Data (Unaudited)
The unaudited results of operations for the quarters for the years ended December 31, 2017 and 2016 were as follows:
(Dollars and shares in thousands)
 
 
 
 
 
 
 
2017 Quarterly Financial Data:
Fourth
 
Third
 
Second
 
First
Interest income
$
42,417

 
$
42,172

 
$
40,030

 
$
38,396

Interest expense
5,711

 
5,285

 
4,730

 
4,113

Net interest income
36,706

 
36,887

 
35,300

 
34,283

Provision for loan and lease losses
1,992

 
2,689

 
2,766

 
2,445

Net interest income after provision for loan and lease losses
34,714

 
34,198

 
32,534

 
31,838

Noninterest income
14,152

 
14,109

 
16,009

 
14,970

Noninterest expense
33,440

 
32,695

 
32,548

 
32,030

Income before income taxes
15,426

 
15,612

 
15,995

 
14,778

Income taxes
5,162

 
4,416

 
4,217

 
3,922

Net income
$
10,264

 
$
11,196

 
$
11,778

 
$
10,856

 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic earnings per share
27,254

 
26,437

 
26,380

 
26,345

Weighted average shares outstanding - diluted earnings per share
27,356

 
26,542

 
26,477

 
26,448


 
 
 
 
 
 
 
Basic earnings per share
$
0.37

 
$
0.42

 
$
0.44

 
$
0.41

Diluted earnings per share
$
0.37

 
$
0.42

 
$
0.44

 
$
0.41

Dividends per share
$
0.20

 
$
0.20

 
$
0.20

 
$
0.20

 
 
 
 
 
 
 
 
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:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic earnings per share
26,300

 
26,273

 
19,434

 
19,402

Weighted 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


The quarterly results for 2017 and 2016 include the acquisition of Fox Chase Bancorp on July 1, 2016.