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SUPPLEMENTAL DATA (unaudited)
12 Months Ended
Dec. 31, 2020
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 2020 Quarterly Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share data)

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Interest income

 

$

45,395

 

 

$

41,649

 

 

$

40,174

 

 

$

38,532

 

Interest expense

 

 

13,648

 

 

 

9,678

 

 

 

8,025

 

 

 

6,797

 

Net interest income

 

 

31,747

 

 

 

31,971

 

 

 

32,149

 

 

 

31,735

 

Provision for loan losses

 

 

20,000

 

 

 

4,900

 

 

 

5,150

 

 

 

2,350

 

Wealth management fee income

 

 

9,955

 

 

 

9,996

 

 

 

10,119

 

 

 

10,791

 

Securities gains/(losses), net

 

 

198

 

 

 

125

 

 

 

 

 

 

(42

)

Other income

 

 

4,364

 

 

 

2,505

 

 

 

10,092

 

 

 

3,657

 

Operating expenses

 

 

28,235

 

 

 

29,014

 

 

 

28,461

 

 

 

39,249

 

(Loss)/income before income tax (benefit)/expense

 

 

(1,971

)

 

 

10,683

 

 

 

18,749

 

 

 

4,542

 

Income tax (benefit)/expense

 

 

(3,344

)

 

 

2,441

 

 

 

5,202

 

 

 

1,512

 

Net income

 

$

1,373

 

 

$

8,242

 

 

$

13,547

 

 

$

3,030

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share-basic

 

$

0.07

 

 

$

0.44

 

 

$

0.72

 

 

$

0.16

 

Earnings per share-diluted

 

 

0.07

 

 

 

0.43

 

 

 

0.71

 

 

 

0.16

 

 

 

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 gains/(losses), 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