Summarized Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summary Of Selected Quarterly Financial Information

A summary of selected quarterly financial information (unaudited) is presented below (in thousands, except for per share data): 

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2019
Interest income	$	48,933		$	50,238		$	49,981		$	48,548
Taxable equivalent adjustment	208			202			192			189
Interest income (FTE)	49,141			50,440			50,173			48,737
Interest expense	8,867			9,327			9,444			8,701
Net interest income	40,274			41,113			40,729			40,036
(Recovery of) provision for loan losses	(849		)	(600		)	274			(75		)
Non-interest income	15,925			17,825			16,698			18,042
Non-interest expense	29,411			30,772			28,397			29,034
Income  before income tax expense	27,637			28,766			28,756			29,119
Income tax expense	5,810			5,813			6,193			6,319
Taxable equivalent adjustment	(208		)	(202		)	(192		)	(189		)
Net income available to common shareholders	$	21,619		$	22,751		$	22,371		$	22,611
Net earnings allocated to common  shareholders	$	21,433		$	22,554		$	22,179		$	22,409
Basic earnings  per common share	$	1.31		$	1.38		$	1.36		$	1.38
Diluted earnings per common share	1.30			1.38			1.36			1.38
Average common shares outstanding:
Basic	16,411			16,368			16,271			16,207
Diluted	16,429			16,386			16,289			16,230
2018
Interest income	$	37,644		$	39,180		$	42,729		$	44,348
Taxable equivalent adjustment	187			187			187			194
Interest income (FTE)	37,831			39,367			42,916			44,542
Interest expense	4,997			5,607			7,171			7,917
Net interest income	32,834			33,760			35,745			36,625
Provision for (recovery of) loan losses	181			(2,064		)	(27		)	(400		)
Non-interest income	14,492			15,611			15,753			14,706
Non-interest expense	24,937			24,911			25,040			38,178
Income  before income tax expense	22,208			26,524			26,485			13,553
Income tax expense	4,405			5,358			5,606			2,646
Taxable equivalent adjustment	(187		)	(187		)	(187		)	(194		)
Net income available to common shareholders	$	17,616		$	20,979		$	20,692		$	10,713
Net earnings allocated to common  shareholders	$	17,421		$	20,768		$	20,491		$	10,623
Basic earnings  per common share	$	1.13		$	1.36		$	1.34		$	0.68
Diluted earnings per common share	1.13			1.35			1.33			0.68
Average common shares outstanding:
Basic	15,414			15,326			15,340			15,603
Diluted	15,436			15,345			15,358			15,618