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Quarterly Financial Information of ConnectOne Bancorp, Inc. (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information of ConnectOne Bancorp, Inc. (unaudited) | Note 23 – Quarterly Financial Information of ConnectOne Bancorp, Inc. (unaudited)
|  | 2020 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
|  | (dollars in thousands, except per share data) |
Total interest income |  | $ | 75,588 |  |  | $ | 77,221 |  |  | $ | 78,677 |  |  | $ | 76,714 |
Total interest expense |  |  | 14,217 |  |  |  | 16,672 |  |  |  | 17,887 |  |  |  | 21,433 |
Net interest income |  |  | 61,371 |  |  |  | 60,549 |  |  |  | 60,790 |  |  |  | 55,281 |
Provision for loan losses |  |  | 5,000 |  |  |  | 5,000 |  |  |  | 15,000 |  |  |  | 16,000 |
Total other income, net of securities gains |  |  | 3,442 |  |  |  | 3,483 |  |  |  | 4,621 |  |  |  | 2,854 |
Other expenses |  |  | 26,402 |  |  |  | 26,478 |  |  |  | 33.063 |  |  |  | 35,058 |
Income before income taxes |  |  | 33,411 |  |  |  | 32,554 |  |  |  | 17,348 |  |  |  | 7,077 |
Income tax expense |  |  | 7,770 |  |  |  | 7,768 |  |  |  | 2,516 |  |  |  | 1,047 |
Net income |  | $ | 25,641 |  |  | $ | 24,786 |  |  | $ | 14,832 |  |  | $ | 6,030 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.64 |  |  | $ | 0.62 |  |  | $ | 0.37 |  |  | $ | 0.15 |
Diluted |  |  | 0.64 |  |  |  | 0.62 |  |  |  | 0.37 |  |  |  | 0.15 |
|  | 2019 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
|  | (dollars in thousands, except per share data) |
Total interest income |  | $ | 68,008 |  |  | $ | 70,389 |  |  | $ | 67,878 |  |  | $ | 65,209 |
Total interest expense |  |  | 20,577 |  |  |  | 21,983 |  |  |  | 22,348 |  |  |  | 20,257 |
Net interest income |  |  | 47,431 |  |  |  | 48,406 |  |  |  | 45,530 |  |  |  | 44,952 |
Provision for loan losses |  |  | 500 |  |  |  | 2,000 |  |  |  | 1,100 |  |  |  | 4,500 |
Total other income, net of securities gains |  |  | 2,246 |  |  |  | 2,109 |  |  |  | 1,942 |  |  |  | 1,738 |
Other expenses |  |  | 22,197 |  |  |  | 20,379 |  |  |  | 21,590 |  |  |  | 28,062 |
Income before income taxes |  |  | 26,980 |  |  |  | 28,136 |  |  |  | 24,782 |  |  |  | 14,128 |
Income tax expense |  |  | 6,197 |  |  |  | 6,440 |  |  |  | 5,501 |  |  |  | 2,493 |
Net income |  | $ | 20,783 |  |  | $ | 21,696 |  |  | $ | 19,281 |  |  | $ | 11,635 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.59 |  |  | $ | 0.60 |  |  | $ | 0.55 |  |  | $ | 0.33 |
Diluted |  |  | 0.59 |  |  |  | 0.60 |  |  |  | 0.54 |  |  |  | 0.33 |
Note: Due to rounding, quarterly earnings per share may not sum to reported annual earnings per share.

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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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