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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
Results of operations on a quarterly basis were as follows:
 
 
 
Year Ended December 31, 2015
 
 
First
  Quarter  
 
Second
  Quarter  
 
Third
  Quarter  
 
Fourth
  Quarter  
 
 
(Dollars in thousands, except per share amounts)
Interest income
 
$
34,249

 
$
33,990

 
$
33,484

 
$
34,016

Interest expense
 
1,575

 
1,520

 
1,544

 
1,481

Net interest income
 
32,674

 
32,470

 
31,940

 
32,535

Provision for loan losses
 
1,208

 
1,189

 
851

 
1,124

Net interest income after provision for loan losses
 
31,466

 
31,281

 
31,089


31,411

Noninterest income
 
8,345

 
6,881

 
9,544

 
7,498

Noninterest expense
 
26,038

 
26,079

 
27,322

 
26,769

Income before provision for income taxes
 
13,773

 
12,083

 
13,311


12,140

Income tax expense
 
3,994

 
3,358

 
3,819

 
2,647

Net income
 
$
9,779

 
$
8,725

 
$
9,492


$
9,493

Basic earnings per common share
 
$
0.32

 
$
0.29

 
$
0.32

 
$
0.32

Diluted earnings per common share
 
0.32

 
0.29

 
0.32

 
0.32

Cash dividends declared on common stock
 
0.10

 
0.11

 
0.11

 
0.21

 
 
 
Year Ended December 31, 2014
 
 
First
  Quarter  
 
Second
  Quarter  
 
Third
  Quarter  
 
Fourth
  Quarter  
 
 
(Dollars in thousands, except per share amounts)
Interest income
 
$
17,613

 
$
30,023

 
$
35,031

 
$
38,439

Interest expense
 
872

 
1,426

 
1,724

 
1,659

Net interest income
 
16,741

 
28,597

 
33,307

 
36,780

Provision for loan losses
 
458

 
691

 
594

 
2,851

Net interest income after provision for loan losses
 
16,283

 
27,906

 
32,713

 
33,929

Noninterest income
 
2,307

 
4,780

 
5,483

 
3,897

Noninterest expense
 
14,779

 
26,994

 
28,363

 
29,243

Income before provision for income taxes
 
3,811

 
5,692

 
9,833

 
8,583

Income tax expense
 
1,268

 
1,544

 
2,765

 
1,328

Net income
 
$
2,543

 
$
4,148

 
$
7,068

 
$
7,255

Basic earnings per common share
 
$
0.16

 
$
0.16

 
$
0.23

 
$
0.24

Diluted earnings per common share
 
0.16

 
0.16

 
0.23

 
0.24

Cash dividends declared on common stock
 
0.16

 

 
0.09

 
0.25