Condensed Quarterly Statements of Income (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Condensed Quarterly Statements of Income (Unaudited)

NOTE 25. CONDENSED QUARTERLY STATEMENTS OF INCOME (UNAUDITED)

The following tables set forth unaudited consolidated selected quarterly statements of income for the years ended December 31, 2019 and 2018.

	2019 Quarter Ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,		Annual Total
Interest and dividend income	$	119,053	$	119,543	$	117,348	$	128,309	$	484,253
Interest expense		20,692		21,083		21,228		21,345		84,349
Net interest income		98,361		98,460		96,120		106,964		399,904
Provision for credit losses		2,507		2,747		4,121		1,824		11,198
Net interest income after provision for credit losses		95,854		95,713		91,999		105,140		388,706
Non-interest income		27,116		28,247		26,715		30,318		112,396
Net securities (losses) gains		657		2,909		235		520		4,320
Non-interest expense		74,432		71,952		73,268		92,556		312,208
Income before provision for income taxes		49,195		54,917		45,681		43,422		193,214
Provision for income taxes		8,858		10,103		8,334		7,046		34,341
Net income	$	40,337	$	44,814	$	37,347	$	36,376	$	158,873
Earnings per common share—basic	$	0.74	$	0.82	$	0.68	$	0.60	$	2.83
Earnings per common share—diluted	$	0.74	$	0.82	$	0.68	$	0.60	$	2.83

	2018 Quarter Ended
(dollars in thousands, except per share amounts)	March 31,			June 30,		September 30,		December 31,			Annual Total
Interest and dividend income	$	86,417		$	98,888	$	108,393	$	121,387		$	414,957
Interest expense		13,125			16,541		18,460		19,620			67,721
Net interest income		73,292			82,347		89,933		101,767			347,236
Provision for credit losses		2,168			1,708		1,035		2,854			7,764
Net interest income after provision for credit losses		71,124			80,639		88,898		98,913			339,472
Non-interest income		24,019			23,050		26,140		27,864			101,176
Net securities gains		(39	)		358		84		(1,303	)		(900	)
Non-interest expense		54,571			63,543		76,120		70,990			265,224
Income before provision for income taxes		40,533			40,504		39,002		54,484			174,524
Provision for income taxes		7,004			7,335		6,516		10,556			31,412
Net income	$	33,529		$	33,169	$	32,486	$	43,928		$	143,112
Earnings per common share—basic	$	0.76		$	0.71	$	0.65	$	0.80		$	2.93
Earnings per common share—diluted	$	0.76		$	0.71	$	0.64	$	0.80		$	2.92