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Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

The following tables are a summary of certain quarterly financial data for the years ended December 31, 2021 and 2020: 

			2021 Quarter Ended
			March 31						June 30						September 30						December 31
			(Dollars in thousands, except per share data)
Selected Operating Data:
Interest income			$	45,067					$	43,236					$	42,146					$	41,849
Interest expense			4,891						4,549						3,729						3,480
Net interest income			40,176						38,687						38,417						38,369
(Benefit)/provision for credit losses			(2,374)						(3,701)						(148)						39
Net interest income after (benefit)/provision for credit losses			42,550						42,388						38,565						38,330
Other income			2,636						4,916						2,628						4,273
Other expenses			19,563						19,871						19,035						20,690
Income before income tax expense			25,623						27,433						22,158						21,913
Income tax expense			6,946						7,639						6,078						5,810
Net income			$	18,677					$	19,794					$	16,080					$	16,103
Net income per basic common share			$	0.38					$	0.40					$	0.33					$	0.34
Net income per diluted common share			$	0.38					$	0.40					$	0.33					$	0.34
			2020 Quarter Ended
			March 31						June 30						September 30						December 31
			(Dollars in thousands, except per share data)
Selected Operating Data:
Interest income			$	42,732					$	40,911					$	41,457					$	43,045
Interest expense			12,799						10,681						8,849						6,008
Net interest income			29,933						30,230						32,608						37,037
Provision for loan losses			8,183						1,921						165						2,473
Net interest income after provision for loan losses			21,750						28,309						32,443						34,564
Other income			108						4,238						3,022						4,104
Other expenses			15,682						17,855						23,788						21,188
Income before income tax expense			6,176						14,692						11,677						17,480
Income tax expense			1,625						3,899						3,095						4,418
Net income			$	4,551					$	10,793					$	8,582					$	13,062
Net income per basic common share			$	0.10					$	0.23					$	0.17					$	0.26
Net income per diluted common share			$	0.10					$	0.23					$	0.17					$	0.26

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- References

No definition available.

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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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306

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