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Summary of Unaudited Quarterly Operating Results (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Unaudited Quarterly Operating Results

Summary of unaudited quarterly operating results


					2023
		Three Months Ended
		March 31			June 30			September 30			December 31

		(In Thousands, Except Per Share Data)

Interest income		$	71,463		$	73,618		$	75,272		$	76,482
Interest expense			18,271			25,480			28,534			31,335
Provision for credit losses on loans			1,500			—			—			750
Provision (credit) for unfunded commitments			(826)			(1,619)			(1,195)			(1,689)
Net realized gain (loss) on available-for-sale securities			—			—			—			—
Non-interest income			7,889			7,769			7,852			6,563
Non-interest expense			34,463			34,718			35,557			36,285
Provision for income taxes			5,488			4,488			4,349			3,219
Net income available to common shareholders			20,456			18,320			15,879			13,145
Earnings per common share – diluted			1.67			1.52			1.33			1.11


					2022
		Three Months Ended
		March 31			June 30			September 30			December 31

		(In Thousands, Except Per Share Data)

Interest income		$	46,673		$	52,698		$	59,657		$	67,949
Interest expense			3,407			3,867			6,759			13,330
Provision for credit losses on loans			—			—			2,000			1,000
Provision (credit) for unfunded commitments			(193)			2,223			1,315			(159)
Net realized gain (loss) on available-for-sale securities			7			—			31			(168)
Non-interest income			9,176			9,319			7,984			7,661
Non-interest expense			31,268			33,004			34,758			34,336
Provision for income taxes			4,380			4,699			4,676			4,499
Net income available to common shareholders			16,987			18,224			18,133			22,604
Earnings per common share – diluted			1.30			1.44			1.46			1.84


					2021
		Three Months Ended
		March 31			June 30			September 30			December 31

		(In Thousands, Except Per Share Data)

Interest income		$	50,633		$	50,452		$	49,640		$	47,948
Interest expense			6,544			5,768			4,717			3,723
Provision (credit) for credit losses on loans			300			(1,000)			(3,000)			(3,000)
Provision (credit) for unfunded commitments			—			—			—			—
Net realized gain (loss) on available-for-sale securities			(674)			(307)			643			1,277
Non-interest income			9,736			9,585			9,798			9,198
Non-interest expense			30,321			30,191			31,339			35,784
Provision for income taxes			5,010			5,271			5,375			4,081
Net income available to common shareholders			18,868			20,114			20,364			15,281
Earnings per common share – diluted			1.36			1.46			1.49			1.14