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Quarterly Condensed Financial Information
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Condensed Financial Information
QUARTERLY CONDENSED FINANCIAL INFORMATION (Unaudited)

The following table presents unaudited quarterly financial information for the periods indicated:

 
2017
(in thousands, except per share data)
4th
Quarter
 
3rd
Quarter
 
2nd
Quarter
 
1st
Quarter
Interest income
$
54,789

 
$
52,468

 
$
51,542

 
$
43,740

Interest expense
7,385

 
6,843

 
5,909

 
5,098

     Net interest income
47,404

 
45,625


45,633


38,642

Provision for portfolio loan losses
3,186

 
2,422

 
3,623

 
1,533

Provision reversal for purchased credit impaired loan losses
(279
)
 

 
(207
)
 
(148
)
     Net interest income after provision for loan losses
44,497

 
43,203


42,217


37,257

Noninterest income
11,112

 
8,372

 
7,934

 
6,976

Noninterest expense
28,260

 
27,404

 
32,651

 
26,736

Income before income tax expense
27,349

 
24,171


17,500


17,497

          Income tax expense
19,820

 
7,856

 
5,545

 
5,106

  Net income
$
7,529

 
$
16,315


$
11,955


$
12,391

 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
     Basic
$
0.33

 
$
0.70

 
$
0.51

 
$
0.57

     Diluted
0.32

 
0.69

 
0.50

 
0.56

 
 
 
 
 
 
 
 
 
2016
(in thousands, except per share data)
4th
Quarter
 
3rd
Quarter
 
2nd
Quarter
 
1st
Quarter
Interest income
$
39,438

 
$
37,293

 
$
37,033

 
$
35,460

Interest expense
3,984

 
3,463

 
3,250

 
3,032

     Net interest income
35,454

 
33,830


33,783


32,428

Provision for portfolio loan losses
964

 
3,038

 
716

 
833

Provision reversal for purchased credit impaired loan losses
(343
)
 
(1,194
)
 
(336
)
 
(73
)
     Net interest income after provision for loan losses
34,833

 
31,986


33,403


31,668

Noninterest income
9,029

 
6,976

 
7,049

 
6,005

Noninterest expense
23,181

 
20,814

 
21,353

 
20,762

Income before income tax expense
20,681

 
18,148

 
19,099

 
16,911

          Income tax expense
7,053

 
6,316

 
6,747

 
5,886

  Net income
$
13,628

 
$
11,832


$
12,352


$
11,025

 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
     Basic
$
0.68

 
$
0.59

 
$
0.62

 
$
0.55

     Diluted
0.67

 
0.59

 
0.61

 
0.54