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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of the Unaudited Quarterly Results of Operations

A summary of the unaudited quarterly results of operations for the years ended December 31, 2016 and 2015 is as follows:

 

 

 

Quarter

 

 

 

Fourth

 

 

Third

 

 

Second

 

 

First

 

 

 

(Dollars in thousands, except per share data)

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

51,553

 

 

$

51,431

 

 

$

50,868

 

 

$

49,976

 

Provision for loan losses

 

 

1,672

 

 

 

2,940

 

 

 

2,804

 

 

 

4,103

 

Securities transactions

 

 

52

 

 

 

(146

)

 

 

(65

)

 

 

100

 

Noninterest income

 

 

27,431

 

 

 

27,927

 

 

 

26,057

 

 

 

25,617

 

Noninterest expense

 

 

48,189

 

 

 

49,204

 

 

 

47,720

 

 

 

46,291

 

Net income

 

 

18,620

 

 

 

17,982

 

 

 

17,493

 

 

 

16,579

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

1.19

 

 

 

1.15

 

 

 

1.12

 

 

 

1.07

 

Diluted

 

 

1.16

 

 

 

1.13

 

 

 

1.10

 

 

 

1.05

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

50,075

 

 

$

46,876

 

 

$

46,215

 

 

$

45,626

 

Provision for loan losses

 

 

3,646

 

 

 

1,424

 

 

 

1,271

 

 

 

1,334

 

Securities transactions

 

 

2,148

 

 

 

 

 

 

5,392

 

 

 

1,729

 

Noninterest income

 

 

26,473

 

 

 

25,324

 

 

 

28,715

 

 

 

25,296

 

Noninterest expense

 

 

49,011

 

 

 

46,352

 

 

 

45,429

 

 

 

44,923

 

Net income

 

 

15,728

 

 

 

15,630

 

 

 

18,553

 

 

 

16,259

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

1.00

 

 

 

1.01

 

 

 

1.19

 

 

 

1.05

 

Diluted

 

 

0.99

 

 

 

0.98

 

 

 

1.17

 

 

 

1.03