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Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information | The following table is a summary of selected quarterly results of operations for the years ended December 31, 2019 and 2018.
|  | Three Months Ended |  |  |  |  |  |
(Dollars in thousands, except share data) |  | March 31 |  | June 30 |  | Sept. 30 |  | Dec. 31
2019: |  |  |  |  |  |  |  |
Interest income |  | $ | 81,856 |  |  | $ | 92,226 |  |  | $ | 94,589 |  |  | $ | 91,829 |
Interest expense |  | 14,080 |  |  | 16,375 |  |  | 17,488 |  |  | 14,820 |
Net interest income |  | 67,776 |  |  | 75,851 |  |  | 77,101 |  |  | 77,009 |
Provision for (recovery of) loan losses |  | 2,498 |  |  | 1,919 |  |  | 1,967 |  |  | (213) |
Income before income taxes |  | 30,476 |  |  | 26,548 |  |  | 37,532 |  |  | 30,215 |
Net income |  | 25,455 |  |  | 22,163 |  |  | 31,146 |  |  | 23,936 |
Per common share data: |  |  |  |  |  |  |  |
Net income per common share - basic |  | 1.63 |  |  | 1.34 |  |  | 1.90 |  |  | 1.46 |
Net income per common share - diluted |  | 1.62 |  |  | 1.33 |  |  | 1.89 |  |  | 1.45 |
Weighted-average common shares outstanding - basic |  | 15,651,541 |  |  | 16,560,545 |  |  | 16,382,798 |  |  | 16,342,485 |
Weighted-average common shares equivalent - diluted |  | 15,744,777 |  |  | 16,642,571 |  |  | 16,475,741 |  |  | 16,454,553 |
2018: |  |  |  |  |  |  |  |
Interest income |  | $ | 73,714 |  |  | $ | 74,691 |  |  | $ | 80,229 |  |  | $ | 82,167 |
Interest expense |  | 8,864 |  |  | 9,949 |  |  | 12,553 |  |  | 12,537 |
Net interest income |  | 64,850 |  |  | 64,742 |  |  | 67,676 |  |  | 69,630 |
Provision for loan losses |  | 260 |  |  | 1,386 |  |  | 2,940 |  |  | 3,359 |
Income before income taxes |  | 37,185 |  |  | 34,064 |  |  | 29,484 |  |  | 30,566 |
Net income |  | 31,123 |  |  | 28,241 |  |  | 24,762 |  |  | 26,261 |
Per common share data: |  |  |  |  |  |  |  |
Net income per common share - basic |  | 2.04 |  |  | 1.85 |  |  | 1.58 |  |  | 1.67 |
Net income per common share - diluted |  | 2.02 |  |  | 1.83 |  |  | 1.56 |  |  | 1.67 |
Weighted-average common shares outstanding - basic |  | 15,288,332 |  |  | 15,285,532 |  |  | 15,686,542 |  |  | 15,695,522 |
Weighted-average common shares equivalent - diluted |  | 15,431,625 |  |  | 15,417,607 |  |  | 15,832,734 |  |  | 15,764,548 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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