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QUARTERLY DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY DATA (UNAUDITED) | QUARTERLY DATA (UNAUDITED) Quarterly results of operations were as follows:
|  | 2022 |  | 2021
(In thousands, except per share data) |  | Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter |  | Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Interest and dividend income |  | $ | 121,384 |  |  | $ | 103,671 |  |  | $ | 87,379 |  |  | $ | 74,823 |  |  | $ | 75,860 |  |  | $ | 79,688 |  |  | $ | 85,364 |  |  | $ | 88,153 |
Interest expense |  | 19,292 |  |  | 11,587 |  |  | 6,021 |  |  | 5,760 |  |  | 6,548 |  |  | 8,320 |  |  | 9,971 |  |  | 13,060 |
Net interest income |  | 102,092 |  |  | 92,084 |  |  | 81,358 |  |  | 69,063 |  |  | 69,312 |  |  | 71,368 |  |  | 75,393 |  |  | 75,093 |
Non-interest income |  | 15,654 |  |  | 16,251 |  |  | 16,351 |  |  | 20,681 |  |  | 21,409 |  |  | 73,635 |  |  | 22,011 |  |  | 26,193 |
Total revenue |  | 117,746 |  |  | 108,335 |  |  | 97,709 |  |  | 89,744 |  |  | 90,721 |  |  | 145,003 |  |  | 97,404 |  |  | 101,286 |
Provision expense/(benefit) for credit losses |  | 12,000 |  |  | 3,000 |  |  | — |  |  | (4,000) |  |  | (3,000) |  |  | (4,000) |  |  | — |  |  | 6,500 |
Non-interest expense |  | 70,014 |  |  | 81,677 |  |  | 68,475 |  |  | 68,550 |  |  | 69,407 |  |  | 69,460 |  |  | 68,872 |  |  | 78,154 |
Income before income taxes |  | 35,732 |  |  | 23,658 |  |  | 29,234 |  |  | 25,194 |  |  | 24,314 |  |  | 79,543 |  |  | 28,532 |  |  | 16,632 |
Income tax expense |  | 5,227 |  |  | 4,941 |  |  | 6,119 |  |  | 4,998 |  |  | 4,066 |  |  | 15,794 |  |  | 6,896 |  |  | 3,601 |
Net income |  | $ | 30,505 |  |  | $ | 18,717 |  |  | $ | 23,115 |  |  | $ | 20,196 |  |  | $ | 20,248 |  |  | $ | 63,749 |  |  | $ | 21,636 |  |  | $ | 13,031 |
Basic earnings per share |  | $ | 0.69 |  |  | $ | 0.42 |  |  | $ | 0.50 |  |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 1.32 |  |  | $ | 0.43 |  |  | $ | 0.26 |
Diluted earnings per share |  | $ | 0.69 |  |  | $ | 0.42 |  |  | $ | 0.50 |  |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 1.31 |  |  | $ | 0.43 |  |  | $ | 0.26 |
Weighted average common shares outstanding:
Basic |  | 44,105 |  |  | 44,700 |  |  | 45,818 |  |  | 47,668 |  |  | 47,958 |  |  | 48,395 |  |  | 50,321 |  |  | 50,330 |
Diluted |  | 44,484 |  |  | 45,034 |  |  | 46,102 |  |  | 48,067 |  |  | 48,340 |  |  | 48,744 |  |  | 50,608 |  |  | 50,565 |

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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 https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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