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SUPPLEMENTAL DATA (unaudited)

12 Months Ended

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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- 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 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

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