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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)

The following table presents a summary of the quarterly results of operations for the years ended:
 
 
December 31,
 
 
2015
 
2014
  
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter(1)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Interest income
 
$
22,451

 
$
23,657

 
$
23,056

 
$
29,983

 
$
21,392

 
$
22,284

 
$
22,417

 
$
22,292

Interest expense
 
3,014

 
3,022

 
3,044

 
3,612

 
2,983

 
3,041

 
3,048

 
3,056

Net interest income
 
19,437

 
20,635

 
20,012

 
26,371

 
18,409

 
19,243

 
19,369

 
19,236

Provision for credit losses
 
446

 
254

 
279

 
957

 
493

 
643

 
539

 
545

Non-interest income
 
6,144

 
6,310

 
6,561

 
8,464

 
5,686

 
6,509

 
5,954

 
6,221

Non-interest expense
 
16,801

 
16,157

 
16,711

 
31,470

 
15,125

 
15,792

 
15,179

 
16,301

Income before income taxes
 
8,334

 
10,534

 
9,583

 
2,408

 
8,477

 
9,317

 
9,605

 
8,611

Income tax expense
 
2,723

 
3,341

 
3,127

 
716

 
2,762

 
3,001

 
3,154

 
2,523

Net income
 
$
5,611

 
$
7,193

 
$
6,456

 
$
1,692

 
$
5,715

 
$
6,316

 
$
6,451

 
$
6,088

Per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.75

 
$
0.97

 
$
0.86

 
$
0.17

 
$
0.76

 
$
0.85

 
$
0.87

 
$
0.82

Diluted
 
$
0.75

 
$
0.96

 
$
0.86

 
$
0.17

 
$
0.75

 
$
0.85

 
$
0.86

 
$
0.82


(1)
On October 16, 2015, the Company completed its acquisition of SBM. Fourth quarter 2015 results of operations include revenues and expenses incurred as a combined organization from the acquisition date through December 31, 2015. The decrease in basic and diluted EPS in the fourth quarter of 2015 was due to acquisition costs and the issuance of 2.7 million shares of Company common stock in connection with the acquisition. Refer to Note 2 and 3 for additional details of the acquisition.