| Summary of Quarterly Results |
The following is a summary of quarterly results (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | December 31, 2014 | | Fourth
quarter | | Third
quarter | | Second
quarter | | First
quarter | | Total | Interest and dividend income | $ | 46,280 |
| | $ | 45,492 |
| | $ | 46,005 |
| | $ | 46,885 |
| | $ | 184,662 |
| Interest expense | 3,696 |
| | 3,597 |
| | 3,582 |
| | 3,538 |
| | 14,413 |
| Net interest income before provision for loan losses | 42,584 |
| | 41,895 |
| | 42,423 |
| | 43,347 |
| | 170,249 |
| Provision for loan losses | 1,265 |
| | 1,515 |
| | 1,660 |
| | 1,769 |
| | 6,209 |
| Net interest income after provision for loan losses | 41,319 |
| | 40,380 |
| | 40,763 |
| | 41,578 |
| | 164,040 |
| Non-interest income | (5,117 | ) | | 1,614 |
| | 2,161 |
| | (354 | ) | | (1,696 | ) | Non-interest expense | 33,149 |
| | 37,981 |
| | 39,855 |
| | 39,018 |
| | 150,003 |
| Income before income taxes | 3,053 |
| | 4,013 |
| | 3,069 |
| | 2,206 |
| | 12,341 |
| Income tax expense | 774 |
| | 676 |
| | 940 |
| | 775 |
| | 3,165 |
| Net income | $ | 2,279 |
| | $ | 3,337 |
| | $ | 2,129 |
| | $ | 1,431 |
| | $ | 9,176 |
| Income per share-basic | $ | 0.06 |
| | $ | 0.08 |
| | $ | 0.05 |
| | $ | 0.03 |
| | $ | 0.22 |
| Income per share-diluted | $ | 0.06 |
| | $ | 0.08 |
| | $ | 0.05 |
| | $ | 0.03 |
| | $ | 0.22 |
|
| | | | | | | | | | | | | | | | | | | | | | December 31, 2013 | | Fourth
quarter | | Third
quarter | | Second
quarter | | First
quarter | | Total | Interest and dividend income | $ | 47,377 |
| | $ | 49,522 |
| | $ | 48,478 |
| | $ | 50,098 |
| | $ | 195,475 |
| Interest expense | 3,787 |
| | 4,007 |
| | 4,191 |
| | 4,529 |
| | 16,514 |
| Net interest income before provision for loan losses | 43,590 |
| | 45,515 |
| | 44,287 |
| | 45,569 |
| | 178,961 |
| Provision for loan losses | 772 |
| | 437 |
| | 1,670 |
| | 1,417 |
| | 4,296 |
| Net interest income after provision for loan losses | 42,818 |
| | 45,078 |
| | 42,617 |
| | 44,152 |
| | 174,665 |
| Non-interest income | 2,364 |
| | 3,338 |
| | 7,324 |
| | 7,151 |
| | 20,177 |
| Non-interest expense | 44,238 |
| | 46,613 |
| | 45,230 |
| | 47,884 |
| | 183,965 |
| Income before income taxes | 944 |
| | 1,803 |
| | 4,711 |
| | 3,419 |
| | 10,877 |
| Income tax expense (benefit) | (56 | ) | | 856 |
| | 1,813 |
| | 1,337 |
| | 3,950 |
| Net income | $ | 1,000 |
| | $ | 947 |
| | $ | 2,898 |
| | $ | 2,082 |
| | $ | 6,927 |
| Income per share-basic | $ | 0.02 |
| | $ | 0.02 |
| | $ | 0.06 |
| | $ | 0.04 |
| | $ | 0.14 |
| Income per share-diluted | $ | 0.02 |
| | $ | 0.02 |
| | $ | 0.06 |
| | $ | 0.04 |
| | $ | 0.14 |
|
| | | | | | | | | | | | | | | | | | | | | | December 31, 2012 | | Fourth
quarter | | Third
quarter | | Second
quarter | | First
quarter | | Total | Interest and dividend income | $ | 54,708 |
| | $ | 56,042 |
| | $ | 59,845 |
| | $ | 62,890 |
| | $ | 233,485 |
| Interest expense | 5,124 |
| | 6,546 |
| | 7,932 |
| | 9,632 |
| | 29,234 |
| Net interest income before provision for loan losses | 49,584 |
| | 49,496 |
| | 51,913 |
| | 53,258 |
| | 204,251 |
| Provision for loan losses | 2,670 |
| | 5,263 |
| | 12,226 |
| | 7,836 |
| | 27,995 |
| Net interest income after provision for loan losses | 46,914 |
| | 44,233 |
| | 39,687 |
| | 45,422 |
| | 176,256 |
| Non-interest income | 8,997 |
| | 8,063 |
| | 10,049 |
| | 10,270 |
| | 37,379 |
| Non-interest expense | 51,367 |
| | 59,957 |
| | 45,301 |
| | 52,973 |
| | 209,598 |
| Income (loss) before income taxes | 4,544 |
| | (7,661 | ) | | 4,435 |
| | 2,719 |
| | 4,037 |
| Income tax expense | 1,541 |
| | 230 |
| | 1,733 |
| | 1,076 |
| | 4,580 |
| Net income (loss) | $ | 3,003 |
| | $ | (7,891 | ) | | $ | 2,702 |
| | $ | 1,643 |
| | $ | (543 | ) | Income (loss) per share-basic | $ | 0.06 |
| | $ | (0.15 | ) | | $ | 0.05 |
| | $ | 0.03 |
| | $ | (0.01 | ) | Income (loss) per share-diluted | $ | 0.06 |
| | $ | (0.15 | ) | | $ | 0.05 |
| | $ | 0.03 |
| | $ | (0.01 | ) |
|