SUMMARIZED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

A summary of selected quarterly financial information (unaudited) is presented below (in thousands, except for per share data):



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter

2018
Interest income	$	37,644		$	39,180		$	42,729		$	44,348
Taxable equivalent adjustment	187			187			187			194
Interest income (FTE)	37,831			39,367			42,916			44,542
Interest expense	4,997			5,607			7,171			7,917
Net interest income	32,834			33,760			35,745			36,625
(Recovery of) provision for loan losses	181			(2,064		)	(27		)	(400		)
Unrealized gains (losses) recognized on securities still held	280			492			384			(1,246		)
Non-interest income	14,212			15,119			15,369			15,952
Non-interest expense	24,937			24,911			25,040			38,178
Income before income tax expense	22,208			26,524			26,485			13,553
Income tax expense	4,405			5,358			5,606			2,646
Taxable equivalent adjustment	(187		)	(187		)	(187		)	(194		)
Net income available to common shareholders	$	17,616		$	20,979		$	20,692		$	10,713

Net earnings allocated to common shareholders	$	17,421		$	20,768		$	20,491		$	10,623

Basic earnings per common share	$	1.13		$	1.36		$	1.34		$	0.68
Diluted earnings per common share	1.13			1.35			1.33			0.68
Average common shares outstanding:
Basic	15,414			15,326			15,340			15,603
Diluted	15,436			15,345			15,358			15,618

2017
Interest income	$	34,214		$	35,298		$	36,366		$	37,053
Taxable equivalent adjustment	357			370			358			371
Interest income (FTE)	34,571			35,668			36,724			37,424
Interest expense	3,767			4,036			4,340			4,664
Net interest income	30,804			31,632			32,384			32,760
Provision for loan losses	681			510			1,393			422
Investment securities gains	4,276			—			—			200
Non-interest income	14,231			14,921			14,611			15,367
Non-interest expense	24,600			24,176			24,309			22,893
Income before income tax expense	24,030			21,867			21,293			25,012
Income tax expense	7,647			6,812			7,003			14,972
Taxable equivalent adjustment	(357		)	(370		)	(358		)	(371		)
Net income available to common shareholders	$	16,026		$	14,685		$	13,932		$	9,669

Net earnings allocated to common shareholders	$	15,849		$	14,531		$	13,778		$	9,560

Basic earnings per common share	$	1.04		$	0.94		$	0.89		$	0.62



Diluted earnings per common share	1.04	0.94	0.89	0.62
Average common shares outstanding:
Basic	15,252	15,462	15,485	15,472
Diluted	15,277	15,487	15,505	15,497