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SUPPLEMENTAL DATA (unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
SUPPLEMENTAL DATA (unaudited)

24.  SUPPLEMENTAL DATA (unaudited)

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

 

Selected 2019 Quarterly Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share data)

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest income

 

$

44,563

 

 

$

44,603

 

 

$

45,948

 

 

$

45,556

 

Interest expense

 

 

14,556

 

 

 

15,335

 

 

 

15,863

 

 

 

14,642

 

Net interest income

 

 

30,007

 

 

 

29,268

 

 

 

30,085

 

 

 

30,914

 

Provision for loan losses

 

 

100

 

 

 

1,150

 

 

 

800

 

 

 

1,950

 

Wealth management fee income

 

 

9,174

 

 

 

9,568

 

 

 

9,501

 

 

 

10,120

 

Securities (losses)/gains, net

 

 

59

 

 

 

69

 

 

 

34

 

 

 

(45

)

Other income

 

 

2,496

 

 

 

3,389

 

 

 

4,881

 

 

 

5,450

 

Operating expenses

 

 

25,715

 

 

 

26,173

 

 

 

26,259

 

 

 

26,701

 

Income before income tax expense

 

 

15,921

 

 

 

14,971

 

 

 

17,442

 

 

 

17,788

 

Income tax expense

 

 

4,496

 

 

 

3,421

 

 

 

5,216

 

 

 

5,555

 

Net income

 

$

11,425

 

 

$

11,550

 

 

$

12,226

 

 

$

12,233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share-basic

 

$

0.59

 

 

$

0.59

 

 

$

0.63

 

 

$

0.64

 

Earnings per share-diluted

 

 

0.58

 

 

 

0.59

 

 

 

0.63

 

 

 

0.64

 

 

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 gains/(losses), 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