Summary of Quarterly Results of Operations (unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Results of Operations (unaudited)

Note 30 – Summary of Quarterly Results of Operations (unaudited)

The following table sets forth the results of operations for the four quarters of 2015 and 2014, 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.

	2016 Quarters Ended
	December 31,			September 30,			June 30,			March 31,
	(dollars in thousands, except per share data)
Interest and dividend income:
Loans:
Discount accretion PCI – cash basis	$	483		$	777		$	426		$	269
Discount accretion PCI – other		658			569			415			(45	)
Discount accretion PNCI		637			883			1,459			868
All other loan interest income		34,463			33,540			32,038			33,646
Total loan interest income		36,241			35,769			34,338			34,738
Debt securities, dividends and interest bearing cash at Banks (not FTE)		8,374			7,940			8,252			8,056
Total interest income		44,615			43,709			42,590			42,794
Interest expense		1,460			1,439			1,430			1,392
Net interest income		43,155			42,270			41,160			41,402
(Benefit from reversal of) provision for loan losses		(1,433	)		3,973	)		(773	)		209
Net interest income after provision for loan losses		44,588			46,243			41,933			41,193
Noninterest income		12,462			11,066			11,245			9,790
Noninterest expense		36,563			37,416			38,267			33,751
Income before income taxes		20,487			19,893			14,911			17,232
Income tax expense		7,954			7,694			5,506			6,558
Net income	$	12,533		$	12,199		$	9,405		$	10,674
Per common share:
Net income (diluted)	$	0.54		$	0.53		$	0.41		$	0.46
Dividends	$	0.15		$	0.15		$	0.15		$	0.15

	2015 Quarters Ended
	December 31,			September 30,			June 30,			March 31,
	(dollars in thousands, except per share data)
Interest and dividend income:
Loans:
Discount accretion PCI – cash basis	$	302		$	445		$	404		$	172
Discount accretion PCI – other		1,392			1,090			907			1,274
Discount accretion PNCI		573			1,590			822			1,348
All other loan interest income		32,571			30,689			29,886			28,371
Total loan interest income		34,838			33,814			32,019			31,165
Debt securities, dividends and interest bearing cash at banks (not FTE)		7,652			7,518			7,848			6,560
Total interest income		42,490			41,332			39,867			37,725
Interest expense		1,349			1,339			1,346			1,382
Net interest income		41,141			39,993			38,521			36,343
(Benefit from) provision for loan losses		(908	)		(866	)		(633	)		197
Net interest income after provision for loan losses		42,049			40,859			39,154			36,146
Noninterest income		11,445			11,642			12,080			10,180
Noninterest expense		34,684			31,439			32,436			32,282
Income before income taxes		18,810			21,062			18,798			14,044
Income tax expense		7,388			8,368			7,432			5,708
Net income	$	11,422		$	12,694		$	11,366		$	8,336
Per common share:
Net income (diluted)	$	0.50		$	0.55		$	0.49		$	0.36
Dividends	$	0.15		$	0.13		$	0.13		$	0.11