Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2020

The following is a summary of selected financial data presented below by quarter for the periods indicated:


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(Dollars in thousands, except per share data)
For the year ended December 31, 2020:
Interest income	$	123,789	$	144,122	$	181,991	$	180,824
Interest expense	14,614		13,830		15,445		12,626

Provision for credit losses	25,454		160,635		4,210		1,517

Noninterest income	14,475		6,898		26,758		23,194
Noninterest expense	66,631		115,970		98,579		99,939

Income tax expense (benefit)	5,825		(40,324)		23,949		22,800
Net income (loss)	$	25,740	$	(99,091)	$	66,566	$	67,136
Earnings (loss) per share:
Basic	$	0.43	$	(1.41)	$	0.71	$	0.71
Diluted	0.43		(1.41)		0.70		0.71

For the year ended December 31, 2019:
Interest income	$	131,243	$	132,414	$	132,604	$	129,846
Interest expense	19,837		21,773		20,269		16,927
Provision for credit losses	1,526		334		1,562		2,297
Noninterest income	7,681		6,324		11,430		9,801
Noninterest expense	63,577		63,936		65,336		66,216
Income tax provision	15,266		14,168		15,492		13,109
Net income	$	38,718	$	38,527	$	41,375	$	41,098
Earnings per share:
Basic	$	0.62	$	0.62	$	0.69	$	0.69
Diluted	0.62		0.62		0.69		0.69