Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

The following table is a summary of selected quarterly results of operations for the years ended December 31, 2019 and 2018.


	Three Months Ended
(Dollars in thousands, except share data)	March 31		June 30		Sept. 30		Dec. 31
2019:
Interest income	$	81,856	$	92,226	$	94,589	$	91,829
Interest expense	14,080		16,375		17,488		14,820
Net interest income	67,776		75,851		77,101		77,009
Provision for (recovery of) loan losses	2,498		1,919		1,967		(213)
Income before income taxes	30,476		26,548		37,532		30,215
Net income	25,455		22,163		31,146		23,936
Per common share data:
Net income per common share - basic	1.63		1.34		1.90		1.46
Net income per common share - diluted	1.62		1.33		1.89		1.45
Weighted-average common shares outstanding - basic	15,651,541		16,560,545		16,382,798		16,342,485
Weighted-average common shares equivalent - diluted	15,744,777		16,642,571		16,475,741		16,454,553
2018:
Interest income	$	73,714	$	74,691	$	80,229	$	82,167
Interest expense	8,864		9,949		12,553		12,537
Net interest income	64,850		64,742		67,676		69,630
Provision for loan losses	260		1,386		2,940		3,359
Income before income taxes	37,185		34,064		29,484		30,566
Net income	31,123		28,241		24,762		26,261
Per common share data:
Net income per common share - basic	2.04		1.85		1.58		1.67
Net income per common share - diluted	2.02		1.83		1.56		1.67
Weighted-average common shares outstanding - basic	15,288,332		15,285,532		15,686,542		15,695,522
Weighted-average common shares equivalent - diluted	15,431,625		15,417,607		15,832,734		15,764,548