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SUPPLEMENTAL DATA (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Unaudited Quarterly Financial Data | The following table sets forth certain unaudited quarterly financial data for the periods indicated:
Selected 2023 Quarterly Data: |  |  |  |  |  |  |  |  |  |  |  |
(In thousands, except per share data) |  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest income |  | $ | 70,491 |  |  | $ | 74,852 |  |  | $ | 78,489 |  |  | $ | 80,178 |
Interest expense |  |  | 26,513 |  |  |  | 35,931 |  |  |  | 41,974 |  |  |  | 43,503 |
Net interest income |  |  | 43,978 |  |  |  | 38,921 |  |  |  | 36,515 |  |  |  | 36,675 |
Provision for loan losses |  |  | 1,513 |  |  |  | 1,696 |  |  |  | 5,856 |  |  |  | 5,026 |
Wealth management fee income |  |  | 13,762 |  |  |  | 14,252 |  |  |  | 13,975 |  |  |  | 13,758 |
Fair value adjustment of CRA equity security |  |  | 209 |  |  |  | (209 | ) |  |  | (404 | ) |  |  | 585 |
Other income |  |  | 4,088 |  |  |  | 4,532 |  |  |  | 5,783 |  |  |  | 3,247 |
Operating expenses |  |  | 35,574 |  |  |  | 37,692 |  |  |  | 37,413 |  |  |  | 37,616 |
Income before income tax expense |  |  | 24,950 |  |  |  | 18,108 |  |  |  | 12,600 |  |  |  | 11,623 |
Income tax expense |  |  | 6,595 |  |  |  | 4,963 |  |  |  | 3,845 |  |  |  | 3,024 |
Net income |  | $ | 18,355 |  |  | $ | 13,145 |  |  | $ | 8,755 |  |  | $ | 8,599 |
Earnings per share-basic |  | $ | 1.03 |  |  | $ | 0.73 |  |  | $ | 0.49 |  |  | $ | 0.48 |
Earnings per share-diluted |  |  | 1.01 |  |  |  | 0.73 |  |  |  | 0.49 |  |  |  | 0.48 |
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 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1 + Details
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