Summary of Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

The following table sets forth the results of operations for the four quarters of 2020 and 2019, and is unaudited; however, in the opinion of Management, it reflects all adjustments (which include only normal recurring adjustments) necessary to present fairly the summarized results for such periods.


	2020 Quarters Ended
(dollars in thousands, except per share data)	December 31,		September 30,		June 30,		March 31,
Interest and dividend income:
Loans:
Discount accretion	$	1,960	$	1,876	$	2,587	$	1,748
All other loan interest income	59,055		56,163		55,822		54,510
Total loan interest income	61,015		58,039		58,409		56,258
Debt securities, dividends and interest bearing cash at banks	7,066		7,399		8,739		10,259
Total interest income	68,081		65,438		67,148		66,517
Interest expense	1,659		1,984		2,489		3,325
Net interest income	66,422		63,454		64,659		63,192
Provision for credit losses	4,850		7,649		22,244		8,070
Net interest income after provision for credit losses	61,572		55,805		42,415		55,122
Noninterest income	16,580		15,137		11,657		11,820
Noninterest expense	45,745		46,714		45,550		44,749
Income before income taxes	32,407		24,228		8,522		22,193
Income tax expense	8,750		6,622		1,092		6,072
Net income	$	23,657	$	17,606	$	7,430	$	16,121
Per common share:
Net income (diluted)	$	0.79	$	0.59	$	0.25	$	0.53
Dividends	$	0.22	$	0.22	$	0.22	$	0.22


	2019 Quarters Ended
(dollars in thousands, except per share data)	December 31,		September 30,		June 30,		March 31,
Interest and dividend income:
Loans:
Discount accretion	$	2,218	$	2,360	$	1,904	$	1,655
All other loan interest income	54,644		54,639		53,587		52,743
Total loan interest income	56,862		56,999		55,491		54,398
Debt securities, dividends and interest bearing cash at banks	11,056		11,890		12,689		13,059
Total interest income	67,918		68,889		68,180		67,457
Interest expense	3,722		4,201		3,865		3,587
Net interest income	64,196		64,688		64,315		63,870
Provision for (benefit from reversal of provision for) loan losses	(298)		(329)		537		(1,600)
Net interest income after provision for loan losses	64,494		65,017		63,778		65,470
Noninterest income	14,186		14,108		13,423		11,803
Noninterest expense	46,964		46,344		46,697		45,452
Income before income taxes	31,716		32,781		30,504		31,821
Income tax expense	8,826		9,386		7,443		9,095
Net income	$	22,890	$	23,395	$	23,061	$	22,726
Per common share:
Net income (diluted)	$	0.75	$	0.76	$	0.75	$	0.74
Dividends	$	0.22	$	0.22	$	0.19	$	0.19