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Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information | Quarterly Financial Data (Unaudited) 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 |
The sum of the quarterly earnings per share data presented in the table may not equal the annual results due to rounding and the impact of dilutive common shares on the annual versus the quarterly earnings per share calculation.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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