Quarterly Financial Data - Unaudited |
Quarterly Financial Data - Unaudited
The following table presents summarized quarterly data for each of the two years ended December 31, 2019 and 2018 (in thousands): | | | | | | | | | | | | | | | | | | | | Quarters ended in 2019 | | | March 31 | | June 30 | | September 30 | | December 31 | Selected operations data: | | | | | | | | | Interest income | | $ | 38,051 |
| | $ | 37,571 |
| | $ | 37,578 |
| | $ | 36,521 |
| Interest expense | | 5,799 |
| | 6,258 |
| | 6,453 |
| | 5,537 |
| Net interest income | | 32,252 |
| | 31,313 |
| | 31,125 |
| | 30,984 |
| Provision for loan losses | | 947 |
| | 91 |
| | 2,658 |
| | 2,737 |
| Net interest income after provision for loan losses | | 31,305 |
| | 31,222 |
| | 28,467 |
| | 28,247 |
| Other income | | 14,639 |
| | 13,588 |
| | 12,917 |
| | 14,873 |
| Other expense | | 28,310 |
| | 30,187 |
| | 25,894 |
| | 27,601 |
| Income before income taxes | | 17,634 |
| | 14,623 |
| | 15,490 |
| | 15,519 |
| Income taxes | | 4,318 |
| | 3,642 |
| | 3,820 |
| | 3,543 |
| Net income | | $ | 13,316 |
| | $ | 10,981 |
| | $ | 11,670 |
| | $ | 11,976 |
| Basic earnings per common share | | $0.80 | | $0.66 | | $0.70 | | $0.72 | Diluted earnings per common share | | 0.80 | | 0.66 | | 0.70 | | 0.72 |
| | | | | | | | | | | | | | | | | | | | Quarters ended in 2018 | | | March 31 | | June 30 | | September 30 | | December 31 | Selected operations data: | | | | | | | | | Interest income | | $ | 25,158 |
| | $ | 30,131 |
| | $ | 33,488 |
| | $ | 35,788 |
| Interest expense | | 1,963 |
| | 2,677 |
| | 3,401 |
| | 4,786 |
| Net interest income | | 23,195 |
| | 27,454 |
| | 30,087 |
| | 31,002 |
| Provision for loan losses | | 1,055 |
| | 1,877 |
| | 2,551 |
| | 3,184 |
| Net interest income after provision for loan losses | | 22,140 |
| | 25,577 |
| | 27,536 |
| | 27,818 |
| Other income | | 7,487 |
| | 8,361 |
| | 7,919 |
| | 11,647 |
| Other expense | | 18,374 |
| | 20,796 |
| | 24,490 |
| | 26,320 |
| Income before income taxes | | 11,253 |
| | 13,142 |
| | 10,965 |
| | 13,145 |
| Income taxes | | 2,863 |
| | 3,105 |
| | 2,731 |
| | 3,206 |
| Net income | | $ | 8,390 |
| | $ | 10,037 |
| | $ | 8,234 |
| | $ | 9,939 |
| Basic earnings per common share | | $ | 0.66 |
| | $ | 0.72 |
| | $ | 0.54 |
| | $ | 0.62 |
| Diluted earnings per common share | | 0.66 |
| | 0.72 |
| | 0.54 |
| | 0.62 |
|
|