Summarized Quarterly Information (Unaudited)

12 Months Ended

Dec. 31, 2020

Summarized Quarterly Information (Unaudited) [Abstract]

Quarterly Financial Information

Summarized Quarterly Information (Unaudited)

	2020
(Dollars in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total interest income	$	40,862	$	39,306	$	39,013	$	37,923
Total interest expense	6,226		4,446		3,894		3,615
Net interest income	34,636		34,860		35,119		34,308
Provision (recovery) for credit losses (a)	16,969		11,834		4,728		(7,277)
Net gain (loss) on investment securities (b)	319		62		2		(751)
Net loss on asset disposals and other transactions (b)	(87)		(122)		(28)		(53)
Total non-interest income excluding net gains and losses (b)	15,505		14,724		16,796		17,305
Amortization of other intangible assets	729		728		857		909
Acquisition-related expenses	30		47		335		77
Total non-interest expense excluding amortization of other intangible assets and acquisition-related expenses	33,566		31,030		33,123		32,264
Income tax (benefit) expense	(156)		1,136		2,636		4,263
Net (loss) income	$	(765)	$	4,749	$	10,210	$	20,573
(Loss) earnings per common share – basic	$	(0.04)	$	0.24	$	0.52	$	1.06
(Loss) earnings per common share – diluted	$	(0.04)	$	0.23	$	0.51	$	1.05
Weighted-average common shares outstanding – basic	20,367,564		19,720,315		19,504,503		19,302,919
Weighted-average common shares outstanding – diluted	20,538,214		19,858,880		19,637,689		19,442,284

	2019
(Dollars in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total interest income	$	40,576	$	43,621	$	43,609	$	42,289
Total interest expense	6,662		7,572		7,855		7,168
Net interest income	33,914		36,049		35,754		35,121
(Recovery) provision for credit losses (a)	(263)		626		1,005		1,136
Net gain (loss) on investment securities (b)	30		(57)		97		94
Net loss on asset disposals and other transactions (b)	(182)		(293)		(78)		(229)
Total non-interest income excluding net gains and losses (b)	15,581		15,639		16,374		17,298
Amortization of other intangible assets	694		824		953		888
Acquisition-related expenses	253		6,770		199		65
Total non-interest expense excluding amortization of other intangible and acquisition-related expenses	30,913		31,282		31,841		32,568
Income tax expense	3,377		2,238		3,281		2,767
Net income	$	14,369	$	9,598	$	14,868	$	14,860
Earnings per common share – basic	$	0.74	$	0.47	$	0.72	$	0.72
Earnings per common share – diluted	$	0.73	$	0.46	$	0.72	$	0.72
Weighted-average common shares outstanding – basic	19,366,008		20,277,028		20,415,245		20,407,505
Weighted-average common shares outstanding – diluted	19,508,868		20,442,366		20,595,769		20,599,127