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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table presents a summary of the quarterly results of operations for the periods indicated:
|  | December 31,
|  | 2020 |  | 2019
(In thousands, except per share data) |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Interest income |  | $ | 40,213 |  |  | $ | 39,178 |  |  | $ | 38,667 |  |  | $ | 39,142 |  |  | $ | 42,009 |  |  | $ | 42,437 |  |  | $ | 42,520 |  |  | $ | 41,552 |
Interest expense |  | 8,387 |  |  | 4,639 |  |  | 4,186 |  |  | 3,681 |  |  | 10,114 |  |  | 10,864 |  |  | 10,597 |  |  | 9,313 |
Net interest income |  | 31,826 |  |  | 34,539 |  |  | 34,481 |  |  | 35,461 |  |  | 31,895 |  |  | 31,573 |  |  | 31,923 |  |  | 32,239 |
Provision for credit losses(1) |  | 1,775 |  |  | 9,398 |  |  | 987 |  |  | 258 |  |  | 744 |  |  | 1,173 |  |  | 730 |  |  | 214 |
Non-interest income |  | 11,403 |  |  | 12,060 |  |  | 12,696 |  |  | 14,331 |  |  | 9,389 |  |  | 10,037 |  |  | 10,739 |  |  | 11,948 |
Non-interest expense |  | 24,561 |  |  | 23,509 |  |  | 25,221 |  |  | 26,692 |  |  | 22,783 |  |  | 23,958 |  |  | 23,748 |  |  | 24,814 |
Income before income tax expense |  | 16,893 |  |  | 13,692 |  |  | 20,969 |  |  | 22,842 |  |  | 17,757 |  |  | 16,479 |  |  | 18,184 |  |  | 19,159 |
Income tax expense |  | 3,400 |  |  | 2,752 |  |  | 4,194 |  |  | 4,564 |  |  | 3,484 |  |  | 3,275 |  |  | 3,696 |  |  | 3,921 |
Net income |  | $ | 13,493 |  |  | $ | 10,940 |  |  | $ | 16,775 |  |  | $ | 18,278 |  |  | $ | 14,273 |  |  | $ | 13,204 |  |  | $ | 14,488 |  |  | $ | 15,238 |
Per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.89 |  |  | $ | 0.73 |  |  | $ | 1.12 |  |  | $ | 1.22 |  |  | $ | 0.91 |  |  | $ | 0.85 |  |  | $ | 0.94 |  |  | $ | 1.00 |
Diluted |  | $ | 0.89 |  |  | $ | 0.73 |  |  | $ | 1.11 |  |  | $ | 1.22 |  |  | $ | 0.91 |  |  | $ | 0.85 |  |  | $ | 0.94 |  |  | $ | 0.99 |
(1) Effective January 1, 2020, the Company adopted the ASU 2016-13 standard to account for the ACL, including the ACL on loans, ACL on off-balance sheet credit exposures, and ACL on AFS and HTM investments. The Company delayed its adoption of ASU 2016-13 under the terms of the CARES Act and, thus, while ASU 2016-13 was adopted effective as of January 1, 2020, annual and interim reporting periods prior to October 1, 2020 are presented under the incurred loss model.

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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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