Schedule of Quarterly Financial Information |
The following table presents the unaudited quarterly financial information for the years ended December 31, 2015 and 2014: | | | | | | | | | | | | | | | | | | 2015 | (in thousands, except per share data) | 4th Quarter | | 3rd Quarter | | 2nd Quarter | | 1st Quarter | Interest income | $ | 35,096 |
| | $ | 33,180 |
| | $ | 32,352 |
| | $ | 32,151 |
| Interest expense | 3,017 |
| | 3,174 |
| | 3,072 |
| | 3,106 |
| Net interest income | 32,079 |
| | 30,006 |
|
| 29,280 |
|
| 29,045 |
| Provision for portfolio loan losses | 543 |
| | 599 |
| | 2,150 |
| | 1,580 |
| Provision (provision reversal) for PCI loan losses | (917 | ) | | (227 | ) | | — |
| | (3,270 | ) | Net interest income after provision for loan losses | 32,453 |
| | 29,634 |
|
| 27,130 |
|
| 30,735 |
| Noninterest income | 6,557 |
| | 4,729 |
| | 5,806 |
| | 3,583 |
| Noninterest expense | 22,886 |
| | 19,932 |
| | 19,458 |
| | 19,950 |
| Income before income tax expense | 16,124 |
| | 14,431 |
|
| 13,478 |
|
| 14,368 |
| Income tax expense | 5,445 |
| | 4,722 |
| | 4,762 |
| | 5,022 |
| Net income | $ | 10,679 |
| | $ | 9,709 |
|
| $ | 8,716 |
|
| $ | 9,346 |
| | | | | | | | | Earnings per common share: | | | | | | | | Basic | $ | 0.53 |
| | $ | 0.49 |
| | $ | 0.44 |
| | $ | 0.47 |
| Diluted | 0.52 |
| | 0.48 |
| | 0.43 |
| | 0.46 |
| | | | | | | | | | 2014 | (in thousands, except per share data) | 4th Quarter | | 3rd Quarter | | 2nd Quarter | | 1st Quarter | Interest income | $ | 34,385 |
| | $ | 31,036 |
| | $ | 32,309 |
| | $ | 34,024 |
| Interest expense | 3,569 |
| | 3,592 |
| | 3,567 |
| | 3,658 |
| Net interest income | 30,816 |
| | 27,444 |
|
| 28,742 |
|
| 30,366 |
| Provision for portfolio loan losses | 1,968 |
| | 66 |
| | 1,348 |
| | 1,027 |
| Provision (provision reversal) for PCI loan losses | 126 |
| | (1,877 | ) | | (470 | ) | | 3,304 |
| Net interest income after provision for loan losses | 28,722 |
| | 29,255 |
|
| 27,864 |
|
| 26,035 |
| Noninterest income | 4,852 |
| | 4,452 |
| | 3,405 |
| | 3,922 |
| Noninterest expense | 24,795 |
| | 21,121 |
| | 20,445 |
| | 21,102 |
| Income before income tax expense | 8,779 |
| | 12,586 |
| | 10,824 |
| | 8,855 |
| Income tax expense | 2,812 |
| | 4,388 |
| | 3,664 |
| | 3,007 |
| Net income | $ | 5,967 |
| | $ | 8,198 |
|
| $ | 7,160 |
|
| $ | 5,848 |
| | | | | | | | | Earnings per common share: | | | | | | | | Basic | $ | 0.30 |
| | $ | 0.41 |
| | $ | 0.36 |
| | $ | 0.30 |
| Diluted | 0.30 |
| | 0.41 |
| | 0.36 |
| | 0.30 |
|
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