UNAUDITED QUARTERLY FINANCIAL INFORMATION |
27. UNAUDITED QUARTERLY FINANCIAL INFORMATION | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands, except per share data) | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Full Year | 2021 | | | | | | | | | | Total interest income | $ | 51,781 | | | $ | 53,959 | | | $ | 57,969 | | | $ | 55,053 | | | $ | 218,762 | | Total interest expense | 1,977 | | | 1,898 | | | 1,883 | | | 1,957 | | | 7,715 | | Net interest income | 49,804 | | | 52,061 | | | 56,086 | | | 53,096 | | | 211,047 | | Provision (credit) for credit losses | (821) | | | (3,443) | | | (2,635) | | | (7,692) | | | (14,591) | | Net interest income after provision (credit) for credit losses | 50,625 | | | 55,504 | | | 58,721 | | | 60,788 | | | 225,638 | | Other operating income | 10,711 | | | 10,530 | | | 10,253 | | | 11,566 | | | 43,060 | | Other operating expense | 37,846 | | | 41,433 | | | 41,345 | | | 42,422 | | | 163,046 | | Income before income taxes | 23,490 | | | 24,601 | | | 27,629 | | | 29,932 | | | 105,652 | | Income tax expense | 5,452 | | | 5,887 | | | 6,814 | | | 7,605 | | | 25,758 | | Net income | $ | 18,038 | | | $ | 18,714 | | | $ | 20,815 | | | $ | 22,327 | | | $ | 79,894 | | | | | | | | | | | | Per Common Share: | | | | | | | | | | Basic earnings per share | $ | 0.64 | | | $ | 0.66 | | | $ | 0.74 | | | $ | 0.80 | | | $ | 2.85 | | Diluted earnings per share | 0.64 | | | 0.66 | | | 0.74 | | | 0.80 | | | 2.83 | | Dividends declared per share | 0.23 | | | 0.24 | | | 0.24 | | | 0.25 | | | 0.96 | | | | | | | | | | | | Performance Ratios: | | | | | | | | | | Return on average assets (ROA) | 1.07 | % | | 1.06 | % | | 1.15 | % | | 1.22 | % | | 1.13 | % | Return on average equity (ROE) | 13.07 | % | | 13.56 | % | | 14.82 | % | | 16.05 | % | | 14.38 | % | Efficiency ratio | 62.54 | % | | 66.20 | % | | 62.32 | % | | 65.61 | % | | 64.16 | % | Net interest margin (NIM) | 3.19 | % | | 3.16 | % | | 3.31 | % | | 3.08 | % | | 3.18 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands, except per share data) | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Full Year | 2020 | | | | | | | | | | Total interest income | $ | 53,814 | | | $ | 52,950 | | | $ | 51,753 | | | $ | 53,901 | | | $ | 212,418 | | Total interest expense | 5,984 | | | 3,691 | | | 2,633 | | | 2,427 | | | 14,735 | | Net interest income | 47,830 | | | 49,259 | | | 49,120 | | | 51,474 | | | 197,683 | | Provision (credit) for credit losses | 11,127 | | | 11,213 | | | 14,873 | | | 4,898 | | | 42,111 | | Net interest income after provision (credit) for credit losses | 36,703 | | | 38,046 | | | 34,247 | | | 46,576 | | | 155,572 | | Other operating income | 8,886 | | | 10,692 | | | 11,563 | | | 14,057 | | | 45,198 | | Other operating expense | 34,442 | | | 35,854 | | | 36,751 | | | 44,690 | | | 151,737 | | Income before income taxes | 11,147 | | | 12,884 | | | 9,059 | | | 15,943 | | | 49,033 | | Income tax expense | 2,821 | | | 2,967 | | | 2,200 | | | 3,772 | | | 11,760 | | Net income | $ | 8,326 | | | $ | 9,917 | | | $ | 6,859 | | | $ | 12,171 | | | $ | 37,273 | | | | | | | | | | | | Per Common Share | | | | | | | | | | Basic earnings per share | $ | 0.30 | | | $ | 0.35 | | | $ | 0.24 | | | $ | 0.43 | | | $ | 1.33 | | Diluted earnings per share | 0.29 | | | 0.35 | | | 0.24 | | | 0.43 | | | 1.32 | | Dividends declared per share | 0.23 | | | 0.23 | | | 0.23 | | | 0.23 | | | 0.92 | | | | | | | | | | | | Performance Ratios | | | | | | | | | | Return on average assets (ROA) | 0.55 | % | | 0.61 | % | | 0.42 | % | | 0.74 | % | | 0.58 | % | Return on average equity (ROE) | 6.21 | % | | 7.34 | % | | 4.99 | % | | 8.87 | % | | 6.85 | % | Efficiency ratio | 60.73 | % | | 59.81 | % | | 60.56 | % | | 68.20 | % | | 62.47 | % | Net interest margin (NIM) | 3.43 | % | | 3.26 | % | | 3.19 | % | | 3.32 | % | | 3.30 | % |
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