Quarterly Condensed Financial Information

12 Months Ended

Dec. 31, 2019

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:

	2019
($ in thousands, except per share data)	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Interest income	$	77,238	$	81,078	$	79,201	$	67,617
Interest expense	15,625		18,032		17,486		15,274
Net interest income	61,613		63,046		61,715		52,343
Provision for portfolio loan losses	1,341		1,833		1,722		1,476
Net interest income after provision for loan losses	60,272		61,213		59,993		50,867
Noninterest income	14,418		13,564		11,964		9,230
Noninterest expense	38,354		38,239		49,054		39,838
Income before income tax expense	36,336		36,538		22,903		20,259
Income tax expense	7,246		7,469		4,479		4,103
Net income	$	29,090	$	29,069	$	18,424	$	16,156
Earnings per common share:
Basic	$	1.10	$	1.09	$	0.69	$	0.68
Diluted	1.09		1.08		0.68		0.67
	2018
($ in thousands, except per share data)	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Interest income	$	64,002	$	60,757	$	57,879	$	55,164
Interest expense	13,409		12,664		10,831		8,993
Net interest income	50,593		48,093		47,048		46,171
Provision for portfolio loan losses	2,120		2,263		390		1,871
Net interest income after provision for loan losses	48,473		45,830		46,658		44,300
Noninterest income	10,702		8,410		9,693		9,542
Noninterest expense	30,747		29,922		29,219		29,143
Income before income tax expense	28,428		24,318		27,132		24,699
Income tax expense	4,899		1,802		4,881		3,778
Net income	$	23,529	$	22,516	$	22,251	$	20,921
Earnings per common share:
Basic	$	1.02	$	0.97	$	0.96	$	0.91
Diluted	1.02		0.97		0.95		0.90