UNAUDITED QUARTERLY FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

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		%