XML 43 R30.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 22 - Quarterly Financial Information of ConnectOne Bancorp, Inc. (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | Note 22 – Quarterly Financial Information of ConnectOne Bancorp, Inc. (unaudited)
|  | 2022 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
|  | (dollars in thousands, except per share data) |
Total interest income |  | $ | 112,469 |  |  | $ | 96,980 |  |  | $ | 85,356 |  |  | $ | 78,941 |
Total interest expense |  |  | 34,460 |  |  |  | 18,819 |  |  |  | 9,765 |  |  |  | 8,583 |
Net interest income |  |  | 78,009 |  |  |  | 78,161 |  |  |  | 75,591 |  |  |  | 70,358 |
Provision for credit losses |  |  | 3,300 |  |  |  | 10,000 |  |  |  | 3,000 |  |  |  | 1,450 |
Total other income |  |  | 3,508 |  |  |  | 3,322 |  |  |  | 3,359 |  |  |  | 3,054 |
Other expenses |  |  | 33,312 |  |  |  | 32,143 |  |  |  | 31,703 |  |  |  | 29,230 |
Income before income taxes |  |  | 44,905 |  |  |  | 39,340 |  |  |  | 44,247 |  |  |  | 42,732 |
Income tax expense |  |  | 12,348 |  |  |  | 10,425 |  |  |  | 11,889 |  |  |  | 11,351 |
Net income |  |  | 32,557 |  |  |  | 28,915 |  |  |  | 32,358 |  |  |  | 31,381 |
Preferred dividends |  |  | 1,510 |  |  |  | 1,509 |  |  |  | 1,509 |  |  |  | 1,509 |
Net income available to common stockholders |  | $ | 31,047 |  |  | $ | 27,406 |  |  | $ | 30,849 |  |  | $ | 29,872 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.79 |  |  | $ | 0.70 |  |  | $ | 0.78 |  |  | $ | 0.76 |
Diluted |  |  | 0.79 |  |  |  | 0.70 |  |  |  | 0.78 |  |  |  | 0.75 |
Note: Due to rounding, quarterly earnings per share for 2022 do not sum to reported annual earnings per share.
|  | 2021 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
|  | (dollars in thousands, except per share data) |
Total interest income |  | $ | 79,040 |  |  | $ | 77,026 |  |  | $ | 73,051 |  |  | $ | 72,621 |
Total interest expense |  |  | 8,579 |  |  |  | 8,781 |  |  |  | 10,042 |  |  |  | 11,458 |
Net interest income |  |  | 70,461 |  |  |  | 68,245 |  |  |  | 63,009 |  |  |  | 61,163 |
Provision for (reversal of) credit losses |  |  | 815 |  |  |  | 1,100 |  |  |  | (1,649 | ) |  |  | (5,766 | )
Total other income, net of securities gains |  |  | 3,777 |  |  |  | 4,016 |  |  |  | 4,472 |  |  |  | 3,426 |
Other expenses |  |  | 28,084 |  |  |  | 28,183 |  |  |  | 26,259 |  |  |  | 26,485 |
Income before income taxes |  |  | 45,339 |  |  |  | 42,978 |  |  |  | 42,871 |  |  |  | 43,870 |
Income tax expense |  |  | 12,301 |  |  |  | 10,881 |  |  |  | 10,652 |  |  |  | 10,871 |
Net income |  |  | 33,038 |  |  |  | 32,097 |  |  |  | 32,219 |  |  |  | 32,999 |
Preferred dividends |  |  | 1,717 |  |  |  | - |  |  |  | - |  |  |  | - |
Net income available to common stockholders |  | $ | 31,321 |  |  | $ | 32,097 |  |  | $ | 32,219 |  |  | $ | 32,999 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.79 |  |  | $ | 0.81 |  |  | $ | 0.81 |  |  | $ | 0.83 |
Diluted |  |  | 0.79 |  |  |  | 0.80 |  |  |  | 0.81 |  |  |  | 0.82 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration