Summary of Quarterly Results of Operations (unaudited)

3 Months Ended

Mar. 31, 2018

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.

	2018 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				$	246
Discount accretion PCI – other					60
Discount accretion PNCI					326
All other loan interest income					37,417
Total loan interest income					38,049
Debt securities, dividends and interest bearing cash at banks (not FTE)					9,072
Total interest income					47,121
Interest expense					2,135
Net interest income					44,986
(Benefit from reversal of) provision for loan losses					(236	)
Net interest income after provision for loan losses					45,222
Noninterest income					12,290
Noninterest expense					38,162
Income before income taxes					19,350
Income tax expense					5,440
Net income				$	13,910
Per common share:
Net income (diluted)				$	0.60
Dividends				$	0.17

	2017 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	$	516	$	398	$	386		$	112
Discount accretion PCI – other		445		407		797			631
Discount accretion PNCI		528		559		987			798
All other loan interest income		36,705		35,904		34,248			33,373
Total loan interest income		38,194		37,268		36,418			34,914
Debt securities, dividends and interest bearing cash at banks (not FTE)		8,767		8,645		8,626			8,570
Total interest income		46,961		45,913		45,044			43,484
Interest expense		1,868		1,829		1,610			1,491
Net interest income		45,093		44,084		43,434			41,993
Provision for (benefit from reversal of provision for) loan losses		1,677		765		(796	)		(1,557	)
Net interest income after provision for loan losses		43,416		43,319		44,230			43,550
Noninterest income		12,478		12,930		12,910			11,703
Noninterest expense		38,076		37,222		35,904			35,822
Income before income taxes		17,818		19,027		21,236			19,431
Income tax expense		14,829		7,130		7,647			7,352
Net income	$	2,989	$	11,897	$	13,589		$	12,079
Per common share:
Net income (diluted)	$	0.13	$	0.51	$	0.58		$	0.52
Dividends	$	0.17	$	0.17	$	0.17		$	0.15