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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2017
QUARTERLY FINANCIAL DATA (UNAUDITED) |
QUARTERLY FINANCIAL DATA (UNAUDITED) | 21. QUARTERLY FINANCIAL DATA (UNAUDITED) Selected Consolidated Quarterly Financial Data
|  | 2017 Quarter Ended |
(In thousands, except per share amounts) |  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
Interest income |  | $ | 35,217 |  |  | $ | 36,234 |  |  | $ | 38,438 |  |  | $ | 39,960 |
Interest expense |  |  | 4,756 |  |  |  | 5,441 |  |  |  | 6,093 |  |  |  | 6,399 |
Net interest income |  |  | 30,461 |  |  |  | 30,793 |  |  |  | 32,345 |  |  |  | 33,561 |
Provision for loan losses |  |  | 800 |  |  |  | 950 |  |  |  | 1,900 |  |  |  | 10,400 | (1)
Net interest income after provision for loan losses |  |  | 29,661 |  |  |  | 29,843 |  |  |  | 30,445 |  |  |  | 23,161 |
Non-interest income |  |  | 4,122 |  |  |  | 4,509 |  |  |  | 4,972 |  |  |  | 4,499 |
Non-interest expense |  |  | 20,296 |  |  |  | 21,006 |  |  |  | 21,271 |  |  |  | 29,154 | (2)
Income (loss) before income taxes |  |  | 13,487 |  |  |  | 13,346 |  |  |  | 14,146 |  |  |  | (1,494 | )
Income tax expense |  |  | 4,316 |  |  |  | 4,505 |  |  |  | 4,703 |  |  |  | 5,422 | (3)
Net income (loss) |  | $ | 9,171 |  |  | $ | 8,841 |  |  | $ | 9,443 |  |  | $ | (6,916 | )
Basic earnings (loss) per share |  | $ | 0.47 |  |  | $ | 0.45 |  |  | $ | 0.48 |  |  | $ | (0.35 | )
Diluted earnings (loss) per share |  | $ | 0.47 |  |  | $ | 0.45 |  |  | $ | 0.48 |  |  | $ | (0.35 | )
|  | 2016 Quarter Ended |
(In thousands, except per share amounts) |  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
Interest income |  | $ | 33,607 |  |  | $ | 34,733 |  |  | $ | 34,761 |  |  | $ | 34,615 |
Interest expense |  |  | 4,175 |  |  |  | 4,143 |  |  |  | 4,077 |  |  |  | 4,450 |
Net interest income |  |  | 29,432 |  |  |  | 30,590 |  |  |  | 30,684 |  |  |  | 30,165 |
Provision for loan losses |  |  | 1,250 |  |  |  | 900 |  |  |  | 2,000 |  |  |  | 1,400 |
Net interest income after provision for loan losses |  |  | 28,182 |  |  |  | 29,690 |  |  |  | 28,684 |  |  |  | 28,765 |
Non-interest income |  |  | 3,995 |  |  |  | 4,269 |  |  |  | 4,034 |  |  |  | 3,748 |
Non-interest expense |  |  | 18,907 | (4) |  |  | 20,441 |  |  |  | 19,204 |  |  |  | 18,529 | (5)
Income before income taxes |  |  | 13,270 |  |  |  | 13,518 |  |  |  | 13,514 |  |  |  | 13,984 |
Income tax expense |  |  | 4,644 |  |  |  | 4,664 |  |  |  | 4,663 |  |  |  | 4,824 |
Net income |  | $ | 8,626 |  |  | $ | 8,854 |  |  | $ | 8,851 |  |  | $ | 9,160 |
Basic earnings per share |  | $ | 0.49 |  |  | $ | 0.51 |  |  | $ | 0.50 |  |  | $ | 0.50 |
Diluted earnings per share |  | $ | 0.49 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |
(1) 2017 amount includes net charge-offs primarily from loans and specific reserves associated with two relationships of $8.0 million. (2) 2017 amount includes restructuring costs associated with branch restructuring and charter conversion of $8.0 million. (3) 2017 amount includes a charge to write-down deferred tax assets due to the enactment of the Tax Act of $7.6 million. (4) 2016 amount includes reversal of costs associated with the CNB and FNBNY acquisitions of $0.3 million. (5) 2016 amount includes reversal of costs associated with the CNB and FNBNY acquisitions of $0.7 million.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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