Schedule of Quarterly Financial Information |
Results of operations on a quarterly basis for the years ended December 31, 2015, 2014 and 2013 were as follows (dollars in thousands except for per share data): | | | | | | | | | | | | | | | | | | Year Ended December 31, 2015 | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | Interest income | $ | 49,069 |
| | $ | 54,076 |
| | $ | 54,793 |
| | $ | 96,495 |
| Interest expense | 2,533 |
| | 2,619 |
| | 2,605 |
| | 4,396 |
| Net interest income before provision for loan losses | 46,536 |
| | 51,457 |
| | 52,188 |
| | 92,099 |
| Provision for loan losses | — |
| | — |
| | — |
| | — |
| Net interest income | 46,536 |
| | 51,457 |
| | 52,188 |
| | 92,099 |
| Non-interest income | 13,696 |
| | 16,141 |
| | 14,098 |
| | 18,356 |
| Non-interest expense | 41,914 |
| | 47,734 |
| | 46,697 |
| | 100,254 |
| Income before provision for income taxes | 18,318 |
| | 19,864 |
| | 19,589 |
| | 10,201 |
| Provision for income taxes | 6,184 |
| | 6,615 |
| | 6,642 |
| | 3,308 |
| Net income | $ | 12,134 |
| | $ | 13,249 |
| | $ | 12,947 |
| | $ | 6,893 |
| Basic earnings per share | $ | 0.61 |
| | $ | 0.64 |
| | $ | 0.62 |
| | $ | 0.20 |
| Diluted earnings per share | 0.61 |
| | 0.64 |
| | 0.62 |
| | 0.20 |
| Dividends declared | 0.18 |
| | 0.18 |
| | 0.18 |
| | 0.18 |
|
| | | | | | | | | | | | | | | | | | Year Ended December 31, 2014 | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | Interest income | $ | 45,106 |
| | $ | 46,540 |
| | $ | 49,764 |
| | $ | 49,251 |
| Interest expense | 2,767 |
| | 2,732 |
| | 2,700 |
| | 2,590 |
| Net interest income before provision for loan losses | 42,339 |
| | 43,808 |
| | 47,064 |
| | 46,661 |
| Provision for loan losses | — |
| | — |
| | — |
| | — |
| Net interest income | 42,339 |
| | 43,808 |
| | 47,064 |
| | 46,661 |
| Non-interest income | 9,032 |
| | 20,310 |
| | 13,536 |
| | 12,113 |
| Non-interest expense | 35,581 |
| | 38,435 |
| | 38,495 |
| | 41,230 |
| Income before provision for income taxes | 15,790 |
| | 25,683 |
| | 22,105 |
| | 17,544 |
| Provision for income taxes | 5,241 |
| | 8,696 |
| | 7,284 |
| | 5,831 |
| Net income | $ | 10,549 |
| | $ | 16,987 |
| | $ | 14,821 |
| | $ | 11,713 |
| Basic earnings per share | $ | 0.55 |
| | $ | 0.88 |
| | $ | 0.76 |
| | $ | 0.60 |
| Diluted earnings per share | 0.54 |
| | 0.88 |
| | 0.76 |
| | 0.60 |
| Dividends declared | 0.18 |
| | 0.18 |
| | 0.18 |
| | 0.18 |
|
| | | | | | | | | | | | | | | | | | Year Ended December 31, 2013 | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | Interest income | $ | 44,508 |
| | $ | 45,571 |
| | $ | 45,037 |
| | $ | 44,596 |
| Interest expense | 3,540 |
| | 3,323 |
| | 3,144 |
| | 2,989 |
| Net interest income before provision for loan losses | 40,968 |
| | 42,248 |
| | 41,893 |
| | 41,607 |
| Provision for loan losses | — |
| | — |
| | — |
| | — |
| Net interest income | 40,968 |
| | 42,248 |
| | 41,893 |
| | 41,607 |
| Non-interest income | 10,088 |
| | 10,953 |
| | 10,592 |
| | 13,029 |
| Non-interest expense | 34,099 |
| | 35,457 |
| | 34,490 |
| | 36,929 |
| Income (loss) before provision for income taxes | 16,957 |
| | 17,744 |
| | 17,995 |
| | 17,707 |
| Provision (benefit) for income taxes | 5,373 |
| | 6,076 |
| | 6,459 |
| | 6,281 |
| Net income | $ | 11,584 |
| | $ | 11,668 |
| | $ | 11,536 |
| | $ | 11,426 |
| Basic earnings per share | $ | 0.60 |
| | $ | 0.60 |
| | $ | 0.60 |
| | $ | 0.59 |
| Diluted earnings per share | 0.60 |
| | 0.60 |
| | 0.59 |
| | 0.59 |
| Dividends declared | 0.12 |
| | 0.12 |
| | 0.15 |
| | 0.15 |
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