QUARTERLY FINANCIAL INFORMATION OF CONNECTONE BANCORP, INC. (UNAUDITED)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 23—QUARTERLY FINANCIAL INFORMATION OF CONNECTONE BANCORP, INC. (UNAUDITED)

	2014
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	(Dollars in thousands, except share data)
Total interest income		$	33,130		$	32,343		$	14,401		$	14,337
Total interest expense			4,550			4,797			2,733			2,727
Net interest income			28,580			27,546			11,668			11,610
Provision for loan losses			2,474			1,300			284			625
Total other income, net of securities gains			1,358			1,062			1,150			1,106
Net securities gains			718			111			574			1,415
Other expense			15,164			25,400			6,744			7,496
Income before income taxes			13,018			2,019			6,364			6,010
Provision from income taxes			4,995			253			1,986			1,612
Net income		$	8,023		$	1,766		$	4,378		$	4,398
Net income available to common stockholders		$	7,995		$	1,738		$	4,350		$	4,370
Earnings per share:
Basic		$	0.27		$	0.06		$	0.27		$	0.27
Diluted		$	0.27		$	0.06		$	0.26		$	0.27
Weighted average common shares outstanding:
Basic			29,699,301			29,636,001			16,372,885			16,350,183
Diluted			30,149,244			30,108,103			16,430,376			16,405,540

	2013
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	(Dollars in thousands, except share data)
Total interest income		$	14,644		$	14,541		$	13,979		$	14,104
Total interest expense			2,778			2,819			2,751			2,734
Net interest income			11,866			11,722			11,228			11,370
Provision for loan losses			350			—			—			—
Total other income, net of securities gains			1,307			1,200			1,107			1,526
Net securities (losses) gains			449			343			600			319
Other expense			6,459			6,205			6,076			6,538
Income before income taxes			6,813			7,060			6,859			6,677
Provision from income taxes			1,829			1,966			1,936			1,753
Net income		$	4,984		$	5,094		$	4,923		$	4,924
Net income available to common stockholders		$	4,955		$	5,066		$	4,895		$	4,868
Earnings per share:
Basic		$	0.30		$	0.31		$	0.30		$	0.30
Diluted		$	0.30		$	0.31		$	0.30		$	0.30
Weighted average common shares outstanding:
Basic			16,350,183			16,349,480			16,348,915			16,348,215
Diluted			16,396,931			16,385,155			16,375,774			16,373,588

Note: Due to rounding, quarterly earnings per share may not sum to reported annual earnings per share.