Condensed Quarterly Statements of Income (Unaudited)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019.

	2020 Quarter Ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,			Annual Total
Interest and dividend income	$	142,448	$	134,694	$	133,657	$	130,478		$	541,277
Interest expense		22,286		15,681		13,064		10,766			61,797
Net interest income		120,162		119,013		120,593		119,712			479,480
Provision for credit losses		29,821		61,841		16,288		(209	)		107,741
Net interest income after provision for credit losses		90,341		57,172		104,305		119,921			371,739
Non-interest income		26,518		31,561		33,825		32,014			123,917
Net securities gains		1,491		1,299		787		691			4,268
Non-interest expense		91,333		85,502		89,943		88,069			354,845
Income before provision for income taxes		27,017		4,530		48,974		64,557			145,079
Provision for income taxes		3,621		42		7,669		11,703			23,035
Net income		23,396		4,488		41,305		52,854			122,044
Preferred stock dividends		—		—		—		2,644			2,644
Net income available to common shareholders	$	23,396	$	4,488	$	41,305	$	50,210		$	119,400
Earnings per common share—basic	$	0.34	$	0.07	$	0.61	$	0.75		$	1.78
Earnings per common share—diluted	$	0.34	$	0.07	$	0.61	$	0.75		$	1.77

	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 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