Note 23 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Quarterly Financial Information [Text Block]

23. Quarterly Results of Operations (Unaudited)

The following table sets forth selected unaudited quarterly financial data:

	Summary of Operations
	2020									2019
	Fourth			Third		Second		First		Fourth			Third			Second		First
	Quarter			Quarter		Quarter		Quarter		Quarter			Quarter			Quarter		Quarter
	(In thousands, except per share data)
Interest income	$	167,596		$	172,234	$	174,008	$	186,736	$	191,226		$	197,831		$	192,449	$	187,761
Interest expense		27,776			34,730		39,533		46,425		50,015			50,831			49,070		44,445
Net interest income		139,820			137,504		134,475		140,311		141,211			147,000			143,379		143,316
(Reversal)/provision for credit losses		(5,000	)		12,500		25,000		25,000		(5,000	)		(2,000	)		—		—
Net-interest income after reversal for loan losses		144,820			125,004		109,475		115,311		146,211			149,000			143,379		143,316
Non-interest income		11,451			9,977		15,606		5,786		8,648			10,388			12,794		12,921
Non-interest expense		75,046			75,997		67,268		65,154		71,192			65,580			69,546		70,970
Income before income tax expense		81,225			58,984		57,813		55,943		83,667			93,808			86,627		85,267
Income tax expense		10,332			2,190		3,492		9,091		16,290			20,973			14,383		18,588
Net income	$	70,893		$	56,794	$	54,321	$	46,852	$	67,377		$	72,835		$	72,244	$	66,679
Net income per common share
Basic	$	0.89		$	0.71	$	0.68	$	0.59	$	0.85		$	0.91		$	0.90	$	0.83
Diluted	$	0.89		$	0.71	$	0.68	$	0.59	$	0.84		$	0.91		$	0.90	$	0.83