Selected Quarterly Consolidated Financial Data (Unaudited) |
Selected Quarterly Consolidated Financial Data (Unaudited) | | | | | | | | | | | | | | | | | | (Dollars and shares in thousands, except per share amounts) | | | | | 2020 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Interest and dividend income | $47,116 | | $42,612 | | $40,834 | | $39,374 | | Interest expense | 14,514 | | 11,667 | | 9,180 | | 7,131 | | Net interest income | 32,602 | | 30,945 | | 31,654 | | 32,243 | | Provision for credit losses | 7,036 | | 2,200 | | 1,325 | | 1,781 | | Net interest income after provision for credit losses | 25,566 | | 28,745 | | 30,329 | | 30,462 | | Noninterest income | 19,927 | | 26,320 | | 25,468 | | 27,727 | | Noninterest expense | 30,453 | | 28,478 | | 32,344 | | 34,109 | | Income before income taxes | 15,040 | | 26,587 | | 23,453 | | 24,080 | | Income tax expense | 3,139 | | 5,547 | | 5,131 | | 5,514 | | Net income | $11,901 | | $21,040 | | $18,322 | | $18,566 | | | | | | | Net income available to common shareholders | $11,869 | | $21,000 | | $18,285 | | $18,524 | | | | | | | Weighted average common shares outstanding - basic | 17,345 | | 17,257 | | 17,260 | | 17,264 | | Weighted average common shares outstanding - diluted | 17,441 | | 17,292 | | 17,317 | | 17,360 | | Per share information: | Basic earnings per common share | $0.68 | | $1.22 | | $1.06 | | $1.07 | | | Diluted earnings per common share | $0.68 | | $1.21 | | $1.06 | | $1.07 | | | Cash dividends declared per share | $0.51 | | $0.51 | | $0.51 | | $0.52 | |
| | | | | | | | | | | | | | | | | | (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 | |
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