Summary of Unaudited Quarterly Operating Results

12 Months Ended

Dec. 31, 2021

Summary of Unaudited Quarterly Operating Results

Summary of Unaudited Quarterly Operating Results

Note 25:      Summary of Unaudited Quarterly Operating Results

Following is a summary of unaudited quarterly operating results for the years 2021, 2020 and 2019:

			2021
	Three Months Ended
	March 31		June 30		September 30		December 31
	(In Thousands, Except Per Share Data)
Interest income	$	50,633	$	50,452	$	49,640	$	47,948
Interest expense		6,544		5,768		4,717		3,723
Provision (credit) for credit losses on loans		300		(1,000)		(3,000)		(3,000)
Provision (credit) for unfunded commitments		(674)		(307)		643		1,277
Noninterest income		9,736		9,585		9,798		9,198
Noninterest expense		30,321		30,191		31,339		35,784
Provision for income taxes		5,010		5,271		5,375		4,081
Net income available to common shareholders		18,868		20,114		20,364		15,281
Earnings per common share – diluted		1.36		1.46		1.49		1.14

			2020
	Three Months Ended
	March 31		June 30		September 30		December 31
	(In Thousands, Except Per Share Data)
Interest income	$	57,474	$	54,011	$	53,599	$	52,619
Interest expense		12,536		10,556		9,431		8,042
Provision for credit losses on loans		3,871		6,000		4,500		1,500
Net realized gains (losses) on available-for-sale securities		—		78		—		—
Noninterest income		7,367		8,261		9,466		9,956
Noninterest expense		30,815		29,349		31,988		31,073
Provision for income taxes		2,751		3,164		3,692		4,172
Net income available to common shareholders		14,868		13,203		13,454		17,788
Earnings per common share – diluted		1.04		0.93		0.96		1.28

			2019
	Three Months Ended
	March 31		June 30		September 30		December 31
	(In Thousands, Except Per Share Data)
Interest income	$	57,358	$	58,723	$	60,187	$	58,726
Interest expense		12,753		13,802		14,263		13,784
Provision for credit losses on loans		1,950		1,600		1,950		650
Net realized gains on available-for-sale securities		10		—		—		(72)
Noninterest income		7,450		7,157		8,655		7,695
Noninterest expense		28,495		28,383		28,725		29,535
Provision for income taxes		3,998		3,720		4,172		4,559
Net income available to common shareholders		17,612		18,375		19,732		17,893
Earnings per common share – diluted		1.23		1.28		1.38		1.24