Summary of Quarterly Results of Operations (unaudited)

9 Months Ended

Sep. 30, 2017

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 periods indicated, 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.

				2017 Quarters Ended
				September 30,			June 30,			March 31,
				(dollars in thousands, except per share data)
Interest and dividend income:
Loans:
Discount accretion PCI – cash basis					398		$	386		$	112
Discount accretion PCI – other					407			797			631
Discount accretion PNCI					559			987			798
All other loan interest income					35,904			34,248			33,373
Total loan interest income					37,268			36,418			34,914
Debt securities, dividends and interest bearing cash at Banks (not FTE)					8,645			8,626			8,570
Total interest income					45,913			45,044			43,484
Interest expense					1,829			1,610			1,491
Net interest income					44,084			43,434			41,993
Provision for (benefit from reversal of provision for) loan losses					765			(796	)		(1,557	)
Net interest income after provision for loan losses					43,319			44,230			43,550
Noninterest income					12,930			12,910			11,703
Noninterest expense					37,222			35,904			35,822
Income before income taxes					19,027			21,236			19,431
Income tax expense					7,130			7,647			7,352
Net income				$	11,897		$	13,589		$	12,079
Per common share:
Net income (diluted)				$	0.51		$	0.58		$	0.52
Dividends				$	0.17		$	0.17		$	0.15
	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