XML 49 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Data [Abstract]  
Quarterly Results of Operations (unaudited)

Note 25 – Quarterly Results of Operations (unaudited)

 

The following table reports quarterly results of operations (unaudited) for 2018, 2017 and 2016: 

 

    2018  
(dollars in thousands except per share data)   Fourth Quarter     Third Quarter     Second Quarter     First Quarter  
Total interest income   $ 105,581     $ 102,360     $ 96,296     $ 89,049  
Total interest expense     23,869       21,069       18,086       13,269  
Net interest income     81,712       81,291       78,210       75,780  
Provision for credit losses     2,600       2,441       1,650       1,969  
Net interest income after provision for credit losses     79,112       78,850       76,560       73,811  
Noninterest income     6,089       5,640       5,553       5,304  
Noninterest expense     31,687       31,614       32,289       31,121  
Income before income tax expense     53,514       52,876       49,824       47,994  
Income tax expense     13,197       13,928       12,528       12,279  
Net income     40,317       38,948       37,296       35,715  
Net income available to common shareholders   $ 40,317     $ 38,948     $ 37,296     $ 35,715  
Earnings per common share                                
   Basic (1)   $ 1.17     $ 1.14     $ 1.09     $ 1.04  
   Diluted (1)   $ 1.17     $ 1.13     $ 1.08     $ 1.04  

   

    2017  
(dollars in thousands except per share data)   Fourth Quarter     Third Quarter     Second Quarter     First Quarter  
Total interest income   $ 86,526     $ 82,370     $ 79,344     $ 75,794  
Total interest expense     11,167       10,434       9,646       8,900  
Net interest income     75,359       71,936       69,698       66,894  
Provision for credit losses     4,087       1,921       1,566       1,397  
Net interest income after provision for credit losses     71,272       70,015       68,132       65,497  
Noninterest income     9,496       6,784       7,023       6,070  
Noninterest expense     29,803       29,516       30,001       29,232  
Income before income tax expense     50,965       47,283       45,154       42,335  
Income tax expense     35,396       17,409       17,382       15,318  
Net income     15,569       29,874       27,772       27,017  
Net income available to common shareholders   $ 15,569     $ 29,874     $ 27,772     $ 27,017  
Earnings per common share                                
   Basic (1)   $ 0.46     $ 0.87     $ 0.81     $ 0.79  
   Diluted (1)   $ 0.45     $ 0.87     $ 0.81     $ 0.79  

   

    2016  
(dollars in thousands except per share data)   Fourth Quarter     Third Quarter     Second Quarter     First Quarter  
Total interest income   $ 75,795     $ 72,431     $ 69,772     $ 67,807  
Total interest expense     8,771       7,703       5,950       5,216  
Net interest income     67,024       64,728       63,822       62,591  
Provision for credit losses     2,112       2,288       3,888       3,043  
Net interest income after provision for credit losses     64,912       62,440       59,934       59,548  
Noninterest income     7,014       6,405       7,575       6,290  
Noninterest expense     29,780       28,838       28,295       28,103  
Income before income tax expense     42,146       40,007       39,214       37,735  
Income tax expense     16,429       15,484       15,069       14,413  
Net income     25,717       24,523       24,145       23,322  
Net income available to common shareholders   $ 25,717     $ 24,523     $ 24,145     $ 23,322  
Earnings per common share                                
   Basic (1)   $ 0.76     $ 0.73     $ 0.72     $ 0.70  
   Diluted (1)   $ 0.75     $ 0.72     $ 0.71     $ 0.68  

 

(1) Earnings per common share are calculated on a quarterly basis and may not be additive to the year to date amount.