QUARTERLY FINANCIAL RESULTS (UNAUDITED)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL RESULTS (UNAUDITED)

Note 24 – Quarterly Financial Results (unaudited)

A summary of selected consolidated quarterly financial data for the years ended December 31 is provided in the following tables:

	2016
	First		Second		Third		Fourth
(In thousands, except per share data)	Quarter		Quarter		Quarter		Quarter
Interest income	$	41,653	$	41,803	$	42,857	$	44,243
Interest expense		5,531		5,071		5,126		5,276
Net interest income		36,122		36,732		37,731		38,967
Provision for loan losses		1,236		2,957		781		572
Non-interest income		13,363		12,751		12,584		12,344
Non-interest expense		32,317		30,871		29,326		30,544
Income before income taxes		15,932		15,655		20,208		20,195
Income tax expense		5,119		5,008		6,734		6,879
Net income	$	10,813	$	10,647	$	13,474	$	13,316
Basic net income per share	$	0.45	$	0.45	$	0.56	$	0.55
Diluted net income per share	$	0.45	$	0.44	$	0.56	$	0.55

	2015
	First		Second		Third		Fourth
(In thousands, except per share data)	Quarter		Quarter		Quarter		Quarter
Interest income	$	38,072	$	38,849	$	40,317	$	41,074
Interest expense		4,699		4,916		5,201		5,297
Net interest income		33,373		33,933		35,116		35,777
Provision for loan losses		597		1,218		1,706		1,850
Non-interest income		13,159		12,109		12,390		12,243
Non-interest expense		29,244		29,477		29,630		26,996
Income before income taxes		16,691		15,347		16,170		19,174
Income tax expense		5,466		5,014		5,175		6,372
Net income	$	11,225	$	10,333	$	10,995	$	12,802
Basic net income per share	$	0.45	$	0.42	$	0.45	$	0.53
Diluted net income per share	$	0.45	$	0.42	$	0.45	$	0.52