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SUPPLEMENTAL DATA (unaudited) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
SUPPLEMENTAL DATA (unaudited) | 24. SUPPLEMENTAL DATA (unaudited) The following table sets forth certain unaudited quarterly financial data for the periods indicated:
Selected 2022 Quarterly Data: |  |  |  |  |  |  |  |  |  |  |  |
(In thousands, except per share data) |  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest income |  | $ | 44,140 |  |  | $ | 48,520 |  |  | $ | 55,013 |  |  | $ | 64,202 |
Interest expense |  |  | 4,518 |  |  |  | 5,627 |  |  |  | 9,488 |  |  |  | 16,162 |
Net interest income |  |  | 39,622 |  |  |  | 42,893 |  |  |  | 45,525 |  |  |  | 48,040 |
Provision for loan losses |  |  | 2,375 |  |  |  | 1,449 |  |  |  | 599 |  |  |  | 1,930 |
Wealth management fee income |  |  | 14,834 |  |  |  | 13,891 |  |  |  | 12,943 |  |  |  | 12,983 |
Securities (losses)/gains, net |  |  | (6,609 | ) |  |  | — |  |  |  | — |  |  |  | — |
Fair value adjustment of CRA equity security |  |  | (682 | ) |  |  | (475 | ) |  |  | (571 | ) |  |  | 28 |
Other income |  |  | 7,171 |  |  |  | 5,092 |  |  |  | 4,011 |  |  |  | 3,801 |
Operating expenses |  |  | 34,169 |  |  |  | 32,659 |  |  |  | 33,560 |  |  |  | 33,412 |
Income before income tax expense |  |  | 17,792 |  |  |  | 27,293 |  |  |  | 27,749 |  |  |  | 29,510 |
Income tax expense |  |  | 4,351 |  |  |  | 7,193 |  |  |  | 7,623 |  |  |  | 8,931 |
Net income |  | $ | 13,441 |  |  | $ | 20,100 |  |  | $ | 20,126 |  |  | $ | 20,579 |
Earnings per share-basic |  | $ | 0.73 |  |  | $ | 1.10 |  |  | $ | 1.11 |  |  | $ | 1.15 |
Earnings per share-diluted |  |  | 0.71 |  |  |  | 1.08 |  |  |  | 1.09 |  |  |  | 1.12 |
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 |
Fair value adjustment of CRA equity security |  |  | (265 | ) |  |  | 42 |  |  |  | (70 | ) |  |  | (139 | )
Other income |  |  | 5,954 |  |  |  | 4,602 |  |  |  | 3,991 |  |  |  | 5,141 |
Operating expenses |  |  | 31,594 |  |  |  | 30,684 |  |  |  | 32,185 |  |  |  | 31,704 |
(Loss)/income before income tax (benefit)/expense |  |  | 17,794 |  |  |  | 19,939 |  |  |  | 19,207 |  |  |  | 20,722 |
Income tax (benefit)/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 |

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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 https://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 https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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