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Selected Quarterly Consolidated Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Consolidated Financial Data (Unaudited)
Selected Quarterly Consolidated Financial Data (Unaudited)
(Dollars and shares in thousands, except per share amounts)
 
 
 
 
2017
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Interest and dividend income

$35,664


$37,153


$37,869


$38,900

Interest expense
6,985

7,249

7,810

8,011

Net interest income
28,679

29,904

30,059

30,889

Provision for loan losses
400

700

1,300

200

Net interest income after provision for loan losses
28,279

29,204

28,759

30,689

Noninterest income
14,510

16,806

17,283

16,210

Noninterest expense
25,286

26,306

26,754

25,754

Income before income taxes
17,503

19,704

19,288

21,145

Income tax expense
5,721

6,505

6,326

13,163

Net income

$11,782


$13,199


$12,962


$7,982

 
 
 
 
 
Weighted average common shares outstanding - basic
17,186

17,206

17,212

17,223

Weighted average common shares outstanding - diluted
17,293

17,316

17,318

17,349

Per share information:
Basic earnings per common share

$0.68


$0.77


$0.75


$0.46

 
Diluted earnings per common share

$0.68


$0.76


$0.75


$0.46

 
Cash dividends declared per share

$0.38


$0.38


$0.39


$0.39


(Dollars and shares in thousands, except per share amounts)
 
 
 
 
2016
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Interest and dividend income

$32,969


$32,190


$33,256


$35,055

Interest expense
5,234

5,414

5,877

6,467

Net interest income
27,735

26,776

27,379

28,588

Provision for loan losses
500

450

1,800

2,900

Net interest income after provision for loan losses
27,235

26,326

25,579

25,688

Noninterest income
14,634

15,914

17,261

17,320

Noninterest expense
25,450

26,030

24,650

24,973

Income before income taxes
16,419

16,210

18,190

18,035

Income tax expense
5,484

5,153

5,863

5,873

Net income

$10,935


$11,057


$12,327


$12,162

 
 
 
 
 
Weighted average common shares outstanding - basic
17,023

17,067

17,090

17,142

Weighted average common shares outstanding - diluted
17,157

17,194

17,203

17,245

Per share information:
Basic earnings per common share

$0.64


$0.65


$0.72


$0.71

 
Diluted earnings per common share

$0.64


$0.64


$0.72


$0.70

 
Cash dividends declared per share

$0.36


$0.36


$0.37


$0.37