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UNAUDITED QUARTERLY FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
UNAUDITED QUARTERLY FINANCIAL INFORMATION | 28. UNAUDITED QUARTERLY FINANCIAL INFORMATION As discussed in Note 1 - Summary of Significant Accounting Policies and Note 7 - Investments in Unconsolidated Subsidiaries, during the fourth quarter of 2018, the Company voluntarily changed its accounting policy for its investments in LIHTC partnerships. As a result, financial information for the periods prior to the fourth quarter of 2018 was revised to reflect the reclassification of amortization of investments in LIHTC partnerships from total other operating expense to income tax expense, which provides users a better understanding of the nature of the returns of such investments, in connection with the change in accounting policy:
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Full Year
| (Dollars in thousands, except per share data)
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total interest income | $ | 53,141 |  |  | $ | 54,105 |  |  | $ | 53,980 |  |  | $ | 55,157 |  |  | $ | 216,383 |
Total interest expense | 8,028 |  |  | 8,727 |  |  | 8,331 |  |  | 7,223 |  |  | 32,309 |
Net interest income | 45,113 |  |  | 45,378 |  |  | 45,649 |  |  | 47,934 |  |  | 184,074 |
Provision (credit) for loan and lease losses | 1,283 |  |  | 1,404 |  |  | 1,532 |  |  | 2,098 |  |  | 6,317 |
Net interest income after provision (credit) for loan and lease losses | 43,830 |  |  | 43,974 |  |  | 44,117 |  |  | 45,836 |  |  | 177,757 |
Investment securities gains (losses) | — |  |  | — |  |  | 36 |  |  | — |  |  | 36 |
Income before income taxes | 21,155 |  |  | 17,961 |  |  | 19,449 |  |  | 19,362 |  |  | 77,927 |
Net income | 16,037 |  |  | 13,534 |  |  | 14,554 |  |  | 14,197 |  |  | 58,322 |
Basic earnings per share | $ | 0.56 |  |  | $ | 0.47 |  |  | $ | 0.51 |  |  | $ | 0.50 |  |  | $ | 2.05 |
Diluted earnings per share | 0.55 |  |  | 0.47 |  |  | 0.51 |  |  | 0.50 |  |  | 2.03 |
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Full Year
| (Dollars in thousands, except per share data)
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total interest income | $ | 47,310 |  |  | $ | 48,509 |  |  | $ | 50,136 |  |  | $ | 52,339 |  |  | $ | 198,294 |
Total interest expense | 4,988 |  |  | 5,837 |  |  | 6,811 |  |  | 7,660 |  |  | 25,296 |
Net interest income | 42,322 |  |  | 42,672 |  |  | 43,325 |  |  | 44,679 |  |  | 172,998 |
Provision (credit) for loan and lease losses | (211 | ) |  | 532 |  |  | (59 | ) |  | (1,386 | ) |  | (1,124 | )
Net interest income after provision (credit) for loan and lease losses | 42,533 |  |  | 42,140 |  |  | 43,384 |  |  | 46,065 |  |  | 174,122 |
Investment securities gains (losses) | — |  |  | — |  |  | — |  |  | (279 | ) |  | (279 | )
Income before income taxes | 18,083 |  |  | 18,159 |  |  | 20,179 |  |  | 21,823 |  |  | 78,244 |
Net income | 14,277 |  |  | 14,224 |  |  | 15,193 |  |  | 15,792 |  |  | 59,486 |
Basic earnings per share | $ | 0.48 |  |  | $ | 0.48 |  |  | $ | 0.52 |  |  | $ | 0.54 |  |  | $ | 2.02 |
Diluted earnings per share | 0.48 |  |  | 0.48 |  |  | 0.52 |  |  | 0.54 |  |  | 2.01 |

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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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