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Selected Quarterly Financial Data (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unaudited)

 

 

 

For the year ended December 31, 2017

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Interest and Dividend Income

 

$

32,488

 

 

$

33,315

 

 

$

35,044

 

 

$

35,956

 

Interest Expense

 

 

2,950

 

 

 

3,504

 

 

 

3,632

 

 

 

3,805

 

   Net interest income

 

 

29,538

 

 

 

29,811

 

 

 

31,412

 

 

 

32,151

 

Provision for loan and lease losses

 

 

1,891

 

 

 

3,515

 

 

 

3,900

 

 

 

3,347

 

   Net interest income after provision for loan and lease losses

 

 

27,647

 

 

 

26,296

 

 

 

27,512

 

 

 

28,804

 

Non-interest income

 

 

12,308

 

 

 

13,193

 

 

 

11,918

 

 

 

12,639

 

Non-interest expense

 

 

28,851

 

 

 

29,249

 

 

 

31,065

 

 

 

30,358

 

   Income before provision for income taxes

 

 

11,104

 

 

 

10,240

 

 

 

8,365

 

 

 

11,085

 

Provision (benefit) for income taxes

 

 

4,544

 

 

 

4,094

 

 

 

(1,390

)

 

 

11,851

 

Net income (loss)

 

 

6,560

 

 

 

6,146

 

 

 

9,755

 

 

 

(766

)

Dividends on preferred shares

 

 

189

 

 

 

10,697

 

 

 

195

 

 

 

196

 

Income (loss) available (attributable) to common stockholders

 

$

6,371

 

 

$

(4,551

)

 

$

9,560

 

 

$

(962

)

Basic earnings (loss) per common share

 

$

0.26

 

 

$

(0.18

)

 

$

0.33

 

 

$

(0.03

)

Diluted earnings (loss) per common share

 

$

0.25

 

 

$

(0.18

)

 

$

0.32

 

 

$

(0.03

)

 

 

 

 

For the year ended December 31, 2016

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Interest and Dividend Income

 

$

22,877

 

 

$

22,055

 

 

$

22,657

 

 

$

30,776

 

Interest Expense

 

 

1,757

 

 

 

1,674

 

 

 

1,792

 

 

 

2,524

 

   Net interest income

 

 

21,120

 

 

 

20,381

 

 

 

20,865

 

 

 

28,252

 

Provision for loan and lease losses

 

 

2,513

 

 

 

1,152

 

 

 

1,683

 

 

 

5,004

 

   Net interest income after provision for loan and lease losses

 

 

18,607

 

 

 

19,229

 

 

 

19,182

 

 

 

23,248

 

Non-interest income

 

 

4,288

 

 

 

6,198

 

 

 

4,776

 

 

 

10,642

 

Non-interest expense

 

 

24,487

 

 

 

22,817

 

 

 

22,384

 

 

 

30,998

 

   Income before provision for income taxes

 

 

(1,592

)

 

 

2,610

 

 

 

1,574

 

 

 

2,892

 

Provision (benefit) for income taxes

 

 

(240

)

 

 

9

 

 

 

9

 

 

 

(61,023

)

Net income (loss)

 

 

(1,352

)

 

 

2,601

 

 

 

1,565

 

 

 

63,915

 

Dividends on preferred shares

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Income (loss) available (attributable) to common stockholders

 

$

(1,352

)

 

$

2,601

 

 

$

1,565

 

 

$

63,915

 

Basic earnings (loss) per common share

 

$

(0.08

)

 

$

0.13

 

 

$

0.08

 

 

$

2.66

 

Diluted earnings (loss) per common share

 

$

(0.08

)

 

$

0.13

 

 

$

0.08

 

 

$

2.62