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Selected Quarterly Consolidated Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2018
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)
 
 
 
 
2018
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Interest and dividend income

$40,440


$43,286


$45,164


$47,517

Interest expense
8,588

10,175

11,715

13,639

Net interest income
31,852

33,111

33,449

33,878

Provision for loan losses

400

350

800

Net interest income after provision for loan losses
31,852

32,711

33,099

33,078

Noninterest income
15,743

15,993

15,215

15,163

Noninterest expense
27,130

26,288

26,062

26,682

Income before income taxes
20,465

22,416

22,252

21,559

Income tax expense
4,254

4,742

4,741

4,523

Net income

$16,211


$17,674


$17,511


$17,036

 
 
 
 
 
Net income available to common shareholders

$16,173


$17,636


$17,475


$17,004

 
 
 
 
 
Weighted average common shares outstanding - basic
17,234

17,272

17,283

17,297

Weighted average common shares outstanding - diluted
17,345

17,387

17,382

17,385

Per share information:
Basic earnings per common share

$0.94


$1.02


$1.01


$0.98

 
Diluted earnings per common share

$0.93


$1.01


$1.01


$0.98

 
Cash dividends declared per share

$0.43


$0.43


$0.43


$0.47


(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

 
 
 
 
 
Net income available to common shareholders

$11,755


$13,170


$12,934


$7,958

 
 
 
 
 
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