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SUPPLEMENTAL DATA (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of unaudited quarterly financial data

The following table sets forth certain unaudited quarterly financial data for the periods indicated:

 

Selected 2018 Quarterly Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share data)

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest income

 

$

37,068

 

 

$

39,674

 

 

$

40,163

 

 

$

42,781

 

Interest expense

 

 

8,675

 

 

 

10,431

 

 

 

12,021

 

 

 

13,396

 

Net interest income

 

 

28,393

 

 

 

29,243

 

 

 

28,142

 

 

 

29,385

 

Provision for loan losses

 

 

1,250

 

 

 

300

 

 

 

500

 

 

 

1,500

 

Wealth management fee income

 

 

8,367

 

 

 

8,126

 

 

 

8,200

 

 

 

8,552

 

Securities (losses)/gains, net

 

 

(78

)

 

 

(36

)

 

 

(325

)

 

 

46

 

Other income

 

 

1,926

 

 

 

3,650

 

 

 

3,108

 

 

 

2,657

 

Operating expenses

 

 

23,337

 

 

 

24,941

 

 

 

24,284

 

 

 

25,524

 

Income before income tax expense

 

 

14,021

 

 

 

15,742

 

 

 

14,341

 

 

 

13,616

 

Income tax expense

 

 

3,214

 

 

 

3,832

 

 

 

3,617

 

 

 

2,887

 

Net income

 

$

10,807

 

 

$

11,910

 

 

$

10,724

 

 

$

10,729

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share-basic

 

$

0.58

 

 

$

0.63

 

 

$

0.56

 

 

$

0.56

 

Earnings per share-diluted

 

 

0.57

 

 

 

0.62

 

 

 

0.56

 

 

 

0.55

 

 

Selected 2017 Quarterly Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share data)

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest income

 

$

31,385

 

 

$

33,412

 

 

$

37,491

 

 

$

36,439

 

Interest expense

 

 

5,794

 

 

 

6,440

 

 

 

7,499

 

 

 

7,853

 

Net interest income

 

 

25,591

 

 

 

26,972

 

 

 

29,992

 

 

 

28,586

 

Provision for loan losses

 

 

1,600

 

 

 

2,200

 

 

 

400

 

 

 

1,650

 

Wealth management fee income

 

 

4,818

 

 

 

5,086

 

 

 

5,790

 

 

 

7,489

 

Securities gains/(losses), net

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

2,201

 

 

 

3,085

 

 

 

3,041

 

 

 

3,117

 

Operating expenses

 

 

19,304

 

 

 

20,095

 

 

 

21,961

 

 

 

24,251

 

Income before income tax expense

 

 

11,706

 

 

 

12,848

 

 

 

16,462

 

 

 

13,291

 

Income tax expense

 

 

3,724

 

 

 

4,908

 

 

 

6,256

 

 

 

2,922

 

Net income

 

$

7,982

 

 

$

7,940

 

 

$

10,206

 

 

$

10,369

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share-basic

 

$

0.47

 

 

$

0.45

 

 

$

0.57

 

 

$

0.57

 

Earnings per share-diluted

 

 

0.46

 

 

 

0.45

 

 

 

0.56

 

 

 

0.56