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Selected Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (unaudited) | Note 26—Selected Quarterly Financial Data (unaudited)
|  | For the year ended December 31, 2019 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Interest and dividend income |  | $ | 61,110 |  |  | $ | 66,760 |  |  | $ | 71,029 |  |  | $ | 65,915 |
Interest expense |  |  | 11,025 |  |  |  | 12,312 |  |  |  | 13,191 |  |  |  | 12,001 |
Net interest income |  |  | 50,085 |  |  |  | 54,448 |  |  |  | 57,838 |  |  |  | 53,914 |
Provision for loan and lease losses |  |  | 3,999 |  |  |  | 6,391 |  |  |  | 5,931 |  |  |  | 4,387 |
Net interest income after provision for loan and lease losses |  |  | 46,086 |  |  |  | 48,057 |  |  |  | 51,907 |  |  |  | 49,527 |
Non-interest income |  |  | 11,988 |  |  |  | 14,183 |  |  |  | 14,806 |  |  |  | 14,516 |
Non-interest expense |  |  | 40,679 |  |  |  | 43,954 |  |  |  | 45,448 |  |  |  | 43,694 |
Income before provision for income taxes |  |  | 17,395 |  |  |  | 18,286 |  |  |  | 21,265 |  |  |  | 20,349 |
Provision for income taxes |  |  | 4,798 |  |  |  | 5,075 |  |  |  | 5,923 |  |  |  | 4,497 |
Net income |  |  | 12,597 |  |  |  | 13,211 |  |  |  | 15,342 |  |  |  | 15,852 |
Dividends on preferred shares |  |  | 196 |  |  |  | 195 |  |  |  | 196 |  |  |  | 196 |
Income available to common stockholders |  | $ | 12,401 |  |  | $ | 13,016 |  |  | $ | 15,146 |  |  | $ | 15,656 |
Basic earnings per common share |  | $ | 0.34 |  |  | $ | 0.35 |  |  | $ | 0.40 |  |  | $ | 0.41 |
Diluted earnings per common share |  | $ | 0.34 |  |  | $ | 0.34 |  |  | $ | 0.39 |  |  | $ | 0.41 |
The Company recorded net income of $13.2 million, or $0.35 per common share, for the second quarter of 2019. The Company’s net interest income before provision for loan and lease losses was $54.4 million. On April 30, 2019, the Company acquired the assets and assumed the liabilities of Oak Park River Forest. Revenue and expenses of the acquired company since the acquisition were included in the Company’s operating results. Note 26—Selected Quarterly Financial Data (unaudited)(continued)
|  | For the year ended December 31, 2018 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Interest and dividend income |  | $ | 38,142 |  |  | $ | 44,841 |  |  | $ | 61,073 |  |  | $ | 62,895 |
Interest expense |  |  | 4,447 |  |  |  | 5,785 |  |  |  | 8,480 |  |  |  | 9,634 |
Net interest income |  |  | 33,695 |  |  |  | 39,056 |  |  |  | 52,593 |  |  |  | 53,261 |
Provision for loan and lease losses |  |  | 5,115 |  |  |  | 3,956 |  |  |  | 5,842 |  |  |  | 3,882 |
Net interest income after provision for loan and lease losses |  |  | 28,580 |  |  |  | 35,100 |  |  |  | 46,751 |  |  |  | 49,379 |
Non-interest income |  |  | 11,123 |  |  |  | 14,211 |  |  |  | 10,902 |  |  |  | 14,290 |
Non-interest expense |  |  | 31,614 |  |  |  | 45,479 |  |  |  | 37,715 |  |  |  | 40,088 |
Income before provision for income taxes |  |  | 8,089 |  |  |  | 3,832 |  |  |  | 19,938 |  |  |  | 23,581 |
Provision for income taxes |  |  | 1,321 |  |  |  | 1,064 |  |  |  | 5,402 |  |  |  | 6,460 |
Net income |  |  | 6,768 |  |  |  | 2,768 |  |  |  | 14,536 |  |  |  | 17,121 |
Dividends on preferred shares |  |  | 193 |  |  |  | 198 |  |  |  | 196 |  |  |  | 196 |
Income available to common stockholders |  | $ | 6,575 |  |  | $ | 2,570 |  |  | $ | 14,340 |  |  | $ | 16,925 |
Basic earnings per common share |  | $ | 0.22 |  |  | $ | 0.08 |  |  | $ | 0.40 |  |  | $ | 0.47 |
Diluted earnings per common share |  | $ | 0.22 |  |  | $ | 0.08 |  |  | $ | 0.39 |  |  | $ | 0.46 |
The Company recorded net income of $2.8 million, or $0.08 per common share, for the second quarter of 2018. The Company’s net interest income before provision for loan losses was $39.1 million. On May 31, 2018, the Company acquired the assets and assumed the liabilities of First Evanston. Revenue and expenses of the acquired company since the acquisition were included in the Company’s operating results. Additionally, during the second quarter, the Company incurred $8.1 million in data processing costs related to a termination fee for our core system conversion.

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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 http://asc.fasb.org/topic&trid=2126967 + Details
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