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Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

Results of operations on a quarterly basis were as follows:

			Year Ended December 31, 2020
			First Quarter						Second Quarter						Third Quarter						Fourth Quarter
			(Dollars in thousands, except per share amounts)
Interest income			$	53,086					$	53,994					$	52,563					$	54,677
Interest expense			4,535						3,681						2,885						2,222
Net interest income			48,551						50,313						49,678						52,455
Provision for credit losses			7,946						28,563						2,730						(3,133)
Net interest income after provision for credit losses			40,605						21,750						46,948						55,588
Noninterest income			9,486						8,248						8,210						11,285
Noninterest expense			37,260						37,073						36,045						38,562
Income (loss) before income taxes			12,831						(7,075)						19,113						28,311
Income tax expense (benefit)			640						(936)						2,477						4,429
Net income (loss)			$	12,191					$	(6,139)					$	16,636					$	23,882
Basic earnings per common share			$	0.34					$	(0.17)					$	0.46					$	0.66
Diluted earnings per common share			0.34						(0.17)						0.46						0.66
Cash dividends declared on common stock			0.20						0.20						0.20						0.20

			Year Ended December 31, 2019
			First Quarter						Second Quarter						Third Quarter						Fourth Quarter
			(Dollars in thousands, except per share amounts)
Interest income			$	53,807					$	55,216					$	54,884					$	53,943
Interest expense			4,019						4,680						4,641						4,828
Net interest income			49,788						50,536						50,243						49,115
Provision for credit losses			920						1,367						466						1,558
Net interest income after provision for credit losses			48,868						49,169						49,777						47,557
Noninterest income			7,429						7,564						8,458						9,011
Noninterest expense			36,525						37,547						36,719						35,997
Income before income taxes			19,772						19,186						21,516						20,571
Income tax expense			3,220						3,202						3,621						3,445
Net income			$	16,552					$	15,984					$	17,895					$	17,126
Basic earnings per common share			$	0.45					$	0.43					$	0.49					$	0.47
Diluted earnings per common share			0.45						0.43						0.48						0.47
Cash dividends declared on common stock			0.18						0.18						0.19						0.29

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- References

No definition available.

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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

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