Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

The following table is a summary of selected quarterly results of operations for the years ended December 31, 2020 and 2019.


	Three Months Ended
(Dollars in thousands, except share data)	March 31		June 30		Sept. 30		Dec. 31
2020:
Interest income	$	88,909	$	87,445	$	89,566	$	91,800
Interest expense	12,626		6,259		5,726		5,479
Net interest income	76,283		81,186		83,840		86,321
Provision for (recovery of) loan losses	5,153		12,224		13,836		(19,159)
Income before income taxes	27,340		35,127		36,703		55,475
Net income	22,372		29,505		30,846		45,200
Per common share data:
Net income per common share - basic	1.37		1.81		1.89		2.77
Net income per common share - diluted	1.36		1.80		1.88		2.75
Weighted-average common shares outstanding - basic	16,303,602		16,296,427		16,300,720		16,310,551
Weighted-average common shares equivalent - diluted	16,425,881		16,375,434		16,393,792		16,434,812
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