NOTE 24. CONDENSED QUARTERLY STATEMENTS OF INCOME (UNAUDITED)

The following tables set forth unaudited consolidated selected quarterly statements of income for the years ended December 31, 2016 and 2015.

2016 Quarter ended

(dollars in thousands, except per share amounts)

March 31,

June 30,

September 30,

December 31,

Annual
Total

Interest and dividend income

67,601

67,585

70,092

80,819

286,097

Interest expense

7,759

7,811

8,066

9,131

32,767

Net interest income

59,842

59,774

62,026

71,688

253,330

Provision for credit losses

2,324

1,811

2,214

2,128

8,478

Net interest income after provision for credit losses

57,518

57,963

59,812

69,560

244,852

Non-interest income

18,282

19,006

20,419

21,357

79,142

Net securities gains

1,111

585

598

2,357

Non-interest expense

45,343

47,360

57,601

58,298

208,680

Income before provision for income taxes

31,568

30,194

23,228

32,682

117,671

Provision for income taxes

8,694

8,085

5,793

8,464

31,036

Net income

22,874

22,109

17,435

24,218

86,635

Earnings per common share—basic

0.60

0.58

0.44

0.55

2.16

Earnings per common share—diluted

0.60

0.58

0.44

0.55

2.16


	2015 Quarter ended
*(dollars in thousands, except per share amounts)*	March 31,		June 30,		September 30,		December 31,		Annual Total
Interest and dividend income	$	60,379	$	66,729	$	66,935	$	67,660	$	261,712
Interest expense		5,424		5,936		6,326		7,040		24,725

Net interest income		54,955		60,793		60,609		60,620		236,987
Provision for credit losses		1,289		2,681		1,798		2,585		8,353

Net interest income after provision for credit losses		53,666		58,112		58,811		58,035		228,634
Non-interest income		18,168		18,072		18,139		19,146		73,518
Net securities gains		22		—		47		880		948
Non-interest expense		53,441		46,589		46,981		46,894		193,923

Income before provision for income taxes		18,415		29,595		30,016		31,167		109,177
Provision for income taxes		4,528		7,962		7,768		8,165		28,415

Net income	$	13,887	$	21,633	$	22,248	$	23,002	$	80,762

Earnings per common share—basic	$	0.40	$	0.56	$	0.58	$	0.60	$	2.15

Earnings per common share—diluted	$	0.40	$	0.56	$	0.58	$	0.60	$	2.15