QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2020

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

21. QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected Consolidated Quarterly Financial Data follows:

	2020 Quarter Ended
(In thousands, except per share amounts)	March 31,		June 30,		September 30,			December 31,
Interest income	$	44,602	$	45,850	$	46,296		$	47,484
Interest expense		7,952		5,418		5,589			4,492
Net interest income		36,650		40,432		40,707			42,992
Provision for credit losses		5,000		4,500		1,500			500
Net interest income after provision for credit losses		31,650		35,932		39,207			42,492
Non-interest income		5,217		2,252		6,790			5,444
Non-interest expense		24,843		24,399		28,937	(1)		35,078	(2)
Income before income taxes		12,024		13,785		17,060			12,858
Income tax expense		2,676		3,129		3,999			3,881
Net income	$	9,348	$	10,656	$	13,061		$	8,977
Basic earnings per share	$	0.47	$	0.54	$	0.66		$	0.45
Diluted earnings per share	$	0.47	$	0.54	$	0.66		$	0.45

	2019 Quarter Ended
(In thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,
Interest income	$	44,515	$	46,352	$	46,354	$	44,320
Interest expense		10,192		10,835		9,639		8,672
Net interest income		34,323		35,517		36,715		35,648
Provision for loan losses		600		3,500		1,000		600
Net interest income after provision for loan losses		33,723		32,017		35,715		35,048
Non-interest income		5,218		5,499		6,244		8,426
Non-interest expense		22,599		24,004		24,204		25,332
Income before income taxes		16,342		13,512		17,755		18,142
Income tax expense		3,415		2,859		3,852		3,934
Net income	$	12,927	$	10,653	$	13,903	$	14,208
Basic earnings per share	$	0.65	$	0.53	$	0.70	$	0.71
Diluted earnings per share	$	0.65	$	0.53	$	0.70	$	0.71

(1)  2020 amount includes pre-tax merger expenses of $2.4 million.

(2)  2020 amount includes pre-tax merger expenses of $2.1 million.