Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

23) Quarterly Financial Data (Unaudited)

The following table discloses the Company’s selected unaudited quarterly financial data:

	Quarter Ended
	12/31/2020		9/30/2020		6/30/2020		3/31/2020
	(Dollars in thousands, except per share amounts)
Interest income	$	36,145	$	36,252	$	37,132	$	40,942
Interest expense		1,940		2,087		2,192		2,362
Net interest income		34,205		34,165		34,940		38,580
Provision (recapture) for credit losses on loans		(1,348)		197		1,114		13,270
Net interest income after provision for credit losses on loans		35,553		33,968		33,826		25,310
Noninterest income		2,056		2,595		2,078		3,193
Noninterest expense (1)		21,557		21,168		21,012		25,774
Income before income taxes		16,052		15,395		14,892		2,729
Income tax expense		4,429		4,198		4,274		868
Net income	$	11,623	$	11,197	$	10,618	$	1,861
Earnings per common share
Basic	$	0.19	$	0.19	$	0.18	$	0.03
Diluted	$	0.19	$	0.19	$	0.18	$	0.03

(1) Includes $101,000, $17,000, $59,000, and $2,424,000 pre-tax acquisition costs in the fourth, third, second and first quarters of 2020, respectively, related to the Presidio merger.

	Quarter Ended
	12/31/2019		9/30/2019		6/30/2019		3/31/2019
	(Dollars in thousands, except per share amounts)
Interest income	$	42,471	$	33,250	$	33,489	$	33,449
Interest expense		3,242		2,625		2,573		2,407
Net interest income		39,229		30,625		30,916		31,042
Provision (credit) for loan losses		3,223		(576)		(740)		(1,061)
Net interest income after provision for loan losses		36,006		31,201		31,656		32,103
Noninterest income		2,393		2,618		2,765		2,468
Noninterest expense (1)		30,626		17,909		18,445		17,918
Income before income taxes		7,773		15,910		15,976		16,653
Income tax expense		2,088		4,633		4,623		4,507
Net income	$	5,685	$	11,277	$	11,353	$	12,146
Earnings per common share
Basic	$	0.10	$	0.26	$	0.26	$	0.28
Diluted	$	0.10	$	0.26	$	0.26	$	0.28

(1) Includes $9,879,000, $661,000, and $540,000 pre-tax acquisition costs in the fourth, third, and second quarters of 2019, respectively, related to the Presidio merger.