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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2019
QUARTERLY FINANCIAL DATA (UNAUDITED) |
Schedule of Selected Consolidated Quarterly Financial Data |
|  | 2019 Quarter Ended |
(In thousands, except per share amounts) |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
Interest income |  | $ | 44,515 |  | $ | 46,352 |  | $ | 46,354 |  | $ | 44,320 |
Interest expense |  |  | 10,192 |  |  | 10,835 |  |  | 9,639 |  |  | 8,672 |
Net interest income |  |  | 34,323 |  |  | 35,517 |  |  | 36,715 |  |  | 35,648 |
Provision for loan losses |  |  | 600 |  |  | 3,500 |  |  | 1,000 |  |  | 600 |
Net interest income after provision for loan losses |  |  | 33,723 |  |  | 32,017 |  |  | 35,715 |  |  | 35,048 |
Non-interest income |  |  | 5,218 |  |  | 5,499 |  |  | 6,244 |  |  | 8,426 |
Non-interest expense |  |  | 22,599 |  |  | 24,004 |  |  | 24,204 |  |  | 25,332 |
Income before income taxes |  |  | 16,342 |  |  | 13,512 |  |  | 17,755 |  |  | 18,142 |
Income tax expense |  |  | 3,415 |  |  | 2,859 |  |  | 3,852 |  |  | 3,934 |
Net income |  | $ | 12,927 |  | $ | 10,653 |  | $ | 13,903 |  | $ | 14,208 |
Basic earnings per share |  | $ | 0.65 |  | $ | 0.53 |  | $ | 0.70 |  | $ | 0.71 |
Diluted earnings per share |  | $ | 0.65 |  | $ | 0.53 |  | $ | 0.70 |  | $ | 0.71 |
|  | 2018 Quarter Ended |
(In thousands, except per share amounts) |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
Interest income |  | $ | 41,364 |  | $ | 41,551 |  | $ | 42,589 |  | $ | 43,480 |
Interest expense |  |  | 6,825 |  |  | 7,622 |  |  | 8,375 |  |  | 9,382 |
Net interest income |  |  | 34,539 |  |  | 33,929 |  |  | 34,214 |  |  | 34,098 |
Provision for loan losses |  |  | 800 |  |  | 400 |  |  | 200 |  |  | 400 |
Net interest income after provision for loan losses |  |  | 33,739 |  |  | 33,529 |  |  | 34,014 |  |  | 33,698 |
Non-interest income (loss) |  |  | 4,113 |  |  | (2,578) | (1) |  | 4,918 |  |  | 5,115 |
Non-interest expense |  |  | 22,598 |  |  | 22,507 |  |  | 31,004 | (2) |  | 22,071 | (3)
Income before income taxes |  |  | 15,254 |  |  | 8,444 |  |  | 7,928 |  |  | 16,742 |
Income tax expense |  |  | 3,181 |  |  | 1,701 |  |  | 1,381 |  |  | 2,878 |
Net income |  | $ | 12,073 |  | $ | 6,743 |  | $ | 6,547 |  | $ | 13,864 |
Basic earnings per share |  | $ | 0.61 |  | $ | 0.34 |  | $ | 0.33 |  | $ | 0.70 |
Diluted earnings per share |  | $ | 0.61 |  | $ | 0.34 |  | $ | 0.33 |  | $ | 0.70 |
(1) 2018 amount includes a pre-tax net securities loss of $7.9 million. (2) 2018 amount includes a pre-tax charge related to the fraudulent conduct of a business customer of $9.5 million. (3) 2018 amount includes a pre-tax charge of $0.8 million related to office relocation costs and a pre-tax recovery of $0.6 million related to fraud loss.

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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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