Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Quarterly Financial Information [Text Block]

22. Quarterly Financial Data (unaudited)

Selected unaudited quarterly financial data for the fiscal years ended December 31, 2019 and 2018 is presented below:

	2019								2018
	4th		3rd		2nd		1st		4th		3rd		2nd		1st
	(In thousands, except per share data)
Quarterly operating data:
Interest income	$	70,179	$	69,389	$	69,575	$	69,813	$	67,433	$	65,486	$	63,293	$	60,786
Interest expense		29,000		30,440		29,566		28,010		26,797		23,965		20,653		18,177
Net interest income		41,179		38,949		40,009		41,803		40,636		41,521		42,640		42,609
Provision (benefit) for loan losses		(318)		683		1,474		972		422		—		—		153
Other operating income (loss)		5,038		1,039		2,451		943		(986)		4,955		3,168		3,200
Other operating expense		29,647		26,045		27,158		32,419		25,760		27,233		27,396		31,294
Income before income tax expense		16,888		13,260		13,828		9,355		13,468		19,243		18,412		14,362
Income tax expense		3,957		2,536		3,272		2,287		1,046		1,910		4,489		2,950
Net income	$	12,931	$	10,724	$	10,556	$	7,068	$	12,422	$	17,333	$	13,923	$	11,412
Basic earnings per common share	$	0.45	$	0.37	$	0.37	$	0.25	$	0.44	$	0.61	$	0.48	$	0.39
Diluted earnings per common share	$	0.45	$	0.37	$	0.37	$	0.25	$	0.44	$	0.61	$	0.48	$	0.39
Dividends per common share	$	0.21	$	0.21	$	0.21	$	0.21	$	0.20	$	0.20	$	0.20	$	0.20
Average common shares outstanding for:
Basic earnings per share		28,723		28,730		28,761		28,621		28,422		28,604		28,845		28,974
Diluted earnings per share		28,723		28,730		28,761		28,621		28,423		28,604		28,846		28,975