Selected Quarterly Consolidated Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

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)
2019		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest and dividend income			$50,194		$50,559		$49,527		$47,383
Interest expense		15,610		16,701		16,549		15,389
Net interest income		34,584		33,858		32,978		31,994
Provision for loan losses		650		525		400		—
Net interest income after provision for loan losses		33,934		33,333		32,578		31,994
Noninterest income		15,367		16,753		18,342		16,618
Noninterest expense		26,964		28,151		26,870		28,755
Income before income taxes		22,337		21,935		24,050		19,857
Income tax expense		4,842		4,662		5,236		4,321
Net income			$17,495		$17,273		$18,814		$15,536
Net income available to common shareholders			$17,461		$17,238		$18,778		$15,502
Weighted average common shares outstanding - basic		17,304		17,330		17,338		17,351
Weighted average common shares outstanding - diluted		17,401		17,405		17,414		17,436
Per share information:	Basic earnings per common share		$1.01		$0.99		$1.08		$0.89
	Diluted earnings per common share		$1.00		$0.99		$1.08		$0.89
	Cash dividends declared per share		$0.47		$0.51		$0.51		$0.51

(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