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SUPPLEMENTAL DATA (unaudited) | 12 Months Ended
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Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
SUPPLEMENTAL DATA (unaudited) | 23. SUPPLEMENTAL DATA (unaudited) The following table sets forth certain unaudited quarterly financial data for the periods indicated:
Selected 2021 Quarterly Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In thousands, except per share data) |  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest income |  | $ | 38,239 |  |  | $ | 39,686 |  |  | $ | 40,067 |  |  | $ | 42,075 |
Interest expense |  |  | 6,446 |  |  |  | 5,841 |  |  |  | 4,856 |  |  |  | 4,863 |
Net interest income |  |  | 31,793 |  |  |  | 33,845 |  |  |  | 35,211 |  |  |  | 37,212 |
Provision for loan losses |  |  | 225 |  |  |  | 900 |  |  |  | 1,600 |  |  |  | 3,750 |
Wealth management fee income |  |  | 12,131 |  |  |  | 13,034 |  |  |  | 13,860 |  |  |  | 13,962 |
Securities (losses)/gains, net |  |  | (265 | ) |  |  | 42 |  |  |  | (70 | ) |  |  | (139 | )
Other income |  |  | 5,954 |  |  |  | 4,602 |  |  |  | 3,991 |  |  |  | 5,141 |
Operating expenses |  |  | 31,594 |  |  |  | 30,684 |  |  |  | 32,185 |  |  |  | 31,704 |
Income before income tax expense |  |  | 17,794 |  |  |  | 19,939 |  |  |  | 19,207 |  |  |  | 20,722 |
Income tax expense |  |  | 4,616 |  |  |  | 5,521 |  |  |  | 5,036 |  |  |  | 5,867 |
Net income |  | $ | 13,178 |  |  | $ | 14,418 |  |  | $ | 14,171 |  |  | $ | 14,855 |
Earnings per share-basic |  | $ | 0.70 |  |  | $ | 0.76 |  |  | $ | 0.76 |  |  | $ | 0.80 |
Earnings per share-diluted |  |  | 0.67 |  |  |  | 0.74 |  |  |  | 0.74 |  |  |  | 0.78 |
Selected 2020 Quarterly Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In thousands, except per share data) |  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest income |  | $ | 45,395 |  |  | $ | 41,649 |  |  | $ | 40,174 |  |  | $ | 38,532 |
Interest expense |  |  | 13,648 |  |  |  | 9,678 |  |  |  | 8,025 |  |  |  | 6,797 |
Net interest income |  |  | 31,747 |  |  |  | 31,971 |  |  |  | 32,149 |  |  |  | 31,735 |
Provision for loan losses |  |  | 20,000 |  |  |  | 4,900 |  |  |  | 5,150 |  |  |  | 2,350 |
Wealth management fee income |  |  | 9,955 |  |  |  | 9,996 |  |  |  | 10,119 |  |  |  | 10,791 |
Securities gains/(losses), net |  |  | 198 |  |  |  | 125 |  |  |  | — |  |  |  | (42 | )
Other income |  |  | 4,364 |  |  |  | 2,505 |  |  |  | 10,092 |  |  |  | 3,657 |
Operating expenses |  |  | 28,235 |  |  |  | 29,014 |  |  |  | 28,461 |  |  |  | 39,249 |
(Loss)/income before income tax (benefit)/expense |  |  | (1,971 | ) |  |  | 10,683 |  |  |  | 18,749 |  |  |  | 4,542 |
Income tax (benefit)/expense |  |  | (3,344 | ) |  |  | 2,441 |  |  |  | 5,202 |  |  |  | 1,512 |
Net income |  | $ | 1,373 |  |  | $ | 8,242 |  |  | $ | 13,547 |  |  | $ | 3,030 |
Earnings per share-basic |  | $ | 0.07 |  |  | $ | 0.44 |  |  | $ | 0.72 |  |  | $ | 0.16 |
Earnings per share-diluted |  |  | 0.07 |  |  |  | 0.43 |  |  |  | 0.71 |  |  |  | 0.16 |

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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 + Details
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