Quarterly Condensed Financial Information

12 Months Ended

Dec. 31, 2020

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:

	2020
($ in thousands, except per share data)	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Interest income	$	84,113	$	70,787	$	73,191	$	76,688
Interest expense	6,667		7,433		7,358		13,320
Net interest income	77,446		63,354		65,833		63,368
Provision for credit losses	9,463		14,080		19,591		22,264
Net interest income after provision for loan losses	67,983		49,274		46,242		41,104
Noninterest income	18,506		12,629		9,960		13,408
Noninterest expense	51,050		39,524		37,912		38,673
Income before income tax expense	35,439		22,379		18,290		15,839
Income tax expense	6,508		4,428		3,656		2,971
Net income	$	28,931	$	17,951	$	14,634	$	12,868
Earnings per common share:
Basic	$	1.00	$	0.68	$	0.56	$	0.49
Diluted	1.00		0.68		0.56		0.48
	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 credit 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