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Summary of Unaudited Quarterly Operating Results (Tables)
12 Months Ended
Dec. 31, 2021
Summary of Unaudited Quarterly Operating Results  
Summary of Unaudited Quarterly Operating Results

    

    

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