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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Data (Unaudited) |
Quarterly Financial Data (Unaudited) | 23) Quarterly Financial Data (Unaudited) The following table discloses the Company’s selected unaudited quarterly financial data: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ |  | 12/31/2020 |  | 9/30/2020 |  | 6/30/2020 |  | 3/31/2020
​ | ​ | (Dollars in thousands, except per share amounts)
Interest income | ​ | $ | 36,145 | ​ | $ | 36,252 | ​ | $ | 37,132 | ​ | $ | 40,942
Interest expense | ​ |  | 1,940 | ​ |  | 2,087 | ​ |  | 2,192 | ​ |  | 2,362
Net interest income | ​ |  | 34,205 | ​ |  | 34,165 | ​ |  | 34,940 | ​ |  | 38,580
Provision (recapture) for credit losses on loans | ​ |  | (1,348) | ​ |  | 197 | ​ |  | 1,114 | ​ |  | 13,270
Net interest income after provision for credit losses on loans | ​ |  | 35,553 | ​ |  | 33,968 | ​ |  | 33,826 | ​ |  | 25,310
Noninterest income | ​ |  | 2,056 | ​ |  | 2,595 | ​ |  | 2,078 | ​ |  | 3,193
Noninterest expense (1) | ​ |  | 21,557 | ​ |  | 21,168 | ​ |  | 21,012 | ​ |  | 25,774
Income before income taxes | ​ |  | 16,052 | ​ |  | 15,395 | ​ |  | 14,892 | ​ |  | 2,729
Income tax expense | ​ |  | 4,429 | ​ |  | 4,198 | ​ |  | 4,274 | ​ |  | 868
Net income | ​ | $ | 11,623 | ​ | $ | 11,197 | ​ | $ | 10,618 | ​ | $ | 1,861
Earnings per common share | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 0.19 | ​ | $ | 0.19 | ​ | $ | 0.18 | ​ | $ | 0.03
Diluted | ​ | $ | 0.19 | ​ | $ | 0.19 | ​ | $ | 0.18 | ​ | $ | 0.03
​
(1) | Includes $101,000, $17,000, $59,000, and $2,424,000 pre-tax acquisition costs in the fourth, third, second and first quarters of 2020, respectively, related to the Presidio merger.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ |  | 12/31/2019 |  | 9/30/2019 |  | 6/30/2019 |  | 3/31/2019
​ | ​ | (Dollars in thousands, except per share amounts)
Interest income | ​ | $ | 42,471 | ​ | $ | 33,250 | ​ | $ | 33,489 | ​ | $ | 33,449
Interest expense | ​ |  | 3,242 | ​ |  | 2,625 | ​ |  | 2,573 | ​ |  | 2,407
Net interest income | ​ |  | 39,229 | ​ |  | 30,625 | ​ |  | 30,916 | ​ |  | 31,042
Provision (credit) for loan losses | ​ |  | 3,223 | ​ |  | (576) | ​ |  | (740) | ​ |  | (1,061)
Net interest income after provision for loan losses | ​ |  | 36,006 | ​ |  | 31,201 | ​ |  | 31,656 | ​ |  | 32,103
Noninterest income | ​ |  | 2,393 | ​ |  | 2,618 | ​ |  | 2,765 | ​ |  | 2,468
Noninterest expense (1) | ​ |  | 30,626 | ​ |  | 17,909 | ​ |  | 18,445 | ​ |  | 17,918
Income before income taxes | ​ |  | 7,773 | ​ |  | 15,910 | ​ |  | 15,976 | ​ |  | 16,653
Income tax expense | ​ |  | 2,088 | ​ |  | 4,633 | ​ |  | 4,623 | ​ |  | 4,507
Net income | ​ | $ | 5,685 | ​ | $ | 11,277 | ​ | $ | 11,353 | ​ | $ | 12,146
Earnings per common share | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 0.10 | ​ | $ | 0.26 | ​ | $ | 0.26 | ​ | $ | 0.28
Diluted | ​ | $ | 0.10 | ​ | $ | 0.26 | ​ | $ | 0.26 | ​ | $ | 0.28
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(1) | Includes $9,879,000, $661,000, and $540,000 pre-tax acquisition costs in the fourth, third, and second quarters of 2019, respectively, related to the Presidio merger.

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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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