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Quarterly Results of Operations (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Consolidated Results of Operations
The following is a summary of the quarterly consolidated results of operations:
 
 
 
Three Months Ended
 
 
 
March 31
 
 
June 30
 
 
September 30
 
 
December 31
 
 
 
2018
 
 
2018
 
 
2018
 
 
2018
 
Interest income
 
$
39,426
 
 
$
40,741
 
 
$
42,271
 
 
$
43,730
 
Interest expense
 
 
6,015
 
 
 
7,191
 
 
 
8,499
 
 
 
9,894
 
Net interest income
 
 
33,411
 
 
 
33,550
 
 
 
33,772
 
 
 
33,836
 
Provision for loan losses
 
 
567
 
 
 
635
 
 
 
1,176
 
 
 
528
 
Gain (loss) on sale of securities
 
 
11
 
 
 
 
 
 
(122
)
 
 
(332
)
Net income
 
$
12,804
 
 
$
14,115
 
 
$
13,065
 
 
$
13,133
 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.33
 
 
$
0.37
 
 
$
0.34
 
 
$
0.35
 
Diluted
 
 
0.33
 
 
 
0.37
 
 
 
0.34
 
 
 
0.34
 
Average shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
38,306,395
 
 
 
38,347,612
 
 
 
38,365,379
 
 
 
38,367,972
 
Diluted
 
 
38,468,810
 
 
 
38,519,401
 
 
 
38,534,970
 
 
 
38,488,861
 
 
 
 
Three Months Ended
 
 
 
March 31
 
 
June 30
 
 
September 30
 
 
December 31
 
 
 
2017
 
 
2017
 
 
2017
 
 
2017
 
Interest income
 
$
28,834
 
 
$
30,805
 
 
$
32,070
 
 
$
36,774
 
Interest expense
 
 
3,266
 
 
 
3,607
 
 
 
4,191
 
 
 
5,319
 
Net interest income
 
 
25,568
 
 
 
27,198
 
 
 
27,879
 
 
 
31,455
 
Provision for loan losses
 
 
330
 
 
 
330
 
 
 
710
 
 
 
1,100
 
Gain on sale of securities
 
 
35
 
 
 
(3
)
 
 
6
 
 
 
 
Net income
 
$
8,224
 
 
$
9,072
 
 
$
8,171
 
 
$
7,650
 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.25
 
 
$
0.27
 
 
$
0.24
 
 
$
0.20
 
Diluted
 
 
0.25
 
 
 
0.27
 
 
 
0.24
 
 
 
0.20
 
Average shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
33,263,289
 
 
 
33,264,697
 
 
 
33,870,240
 
 
 
37,711,200
 
Diluted
 
 
33,489,106
 
 
 
33,483,584
 
 
 
34,072,909
 
 
 
37,893,014