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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 is as follows:

 

 

 

Quarter

 

 

 

Fourth

 

 

Third

 

 

Second

 

 

First

 

 

 

(Dollars in thousands, except per share data)

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

73,939

 

 

$

72,287

 

 

$

68,792

 

 

$

66,903

 

Provision for loan losses

 

 

1,412

 

 

 

2,758

 

 

 

2,433

 

 

 

1,684

 

Securities transactions

 

 

(9

)

 

 

 

 

 

821

 

 

 

 

Noninterest income

 

 

35,524

 

 

 

35,627

 

 

 

34,077

 

 

 

32,001

 

Noninterest expense

 

 

66,296

 

 

 

62,191

 

 

 

56,608

 

 

 

56,206

 

Net income

 

 

35,507

 

 

 

33,368

 

 

 

34,167

 

 

 

31,837

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

1.09

 

 

 

1.02

 

 

 

1.04

 

 

 

0.98

 

Diluted

 

 

1.07

 

 

 

1.00

 

 

 

1.02

 

 

 

0.96

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

66,888

 

 

$

65,673

 

 

$

64,880

 

 

$

63,035

 

Provision for loan losses

 

 

1,516

 

 

 

747

 

 

 

1,225

 

 

 

314

 

Securities transactions

 

 

10

 

 

 

(64

)

 

 

115

 

 

 

(14

)

Noninterest income

 

 

31,851

 

 

 

32,801

 

 

 

30,437

 

 

 

30,110

 

Noninterest expense

 

 

56,166

 

 

 

55,809

 

 

 

54,256

 

 

 

55,890

 

Net income

 

 

32,725

 

 

 

32,883

 

 

 

30,586

 

 

 

29,620

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

1.00

 

 

 

1.01

 

 

 

0.93

 

 

 

0.91

 

Diluted

 

 

0.98

 

 

 

0.98

 

 

 

0.91

 

 

 

0.89