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SUPPLEMENTAL DATA (unaudited) | 12 Months Ended
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Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract] |
SUPPLEMENTAL DATA (unaudited) | 24. SUPPLEMENTAL DATA (unaudited) The following tables set forth certain unaudited quarterly financial data for the periods indicated:
Selected 2024 Quarterly Data: |  |  |  |  |  |  |  |  |  |  |  |
(In thousands, except per share data) |  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
Interest income |  | $ | 79,194 |  |  | $ | 79,238 |  |  | $ | 83,203 |  |  | $ | 86,166 |
Interest expense |  |  | 44,819 |  |  |  | 44,196 |  |  |  | 45,522 |  |  |  | 44,258 |
Net interest income |  |  | 34,375 |  |  |  | 35,042 |  |  |  | 37,681 |  |  |  | 41,908 |
Provision for loan losses |  |  | 627 |  |  |  | 3,911 |  |  |  | 1,224 |  |  |  | 1,738 |
Wealth management fee income |  |  | 14,407 |  |  |  | 16,419 |  |  |  | 15,150 |  |  |  | 15,482 |
Fair value adjustment for equity securities |  |  | (111 | ) |  |  | (84 | ) |  |  | 474 |  |  |  | 549 |
Other income |  |  | 4,405 |  |  |  | 5,220 |  |  |  | 3,314 |  |  |  | 3,897 |
Operating expenses |  |  | 40,041 |  |  |  | 43,126 |  |  |  | 44,649 |  |  |  | 47,860 |
Income before income tax expense |  |  | 12,408 |  |  |  | 9,560 |  |  |  | 10,746 |  |  |  | 12,238 |
Income tax expense |  |  | 3,777 |  |  |  | 2,030 |  |  |  | 3,159 |  |  |  | 2,998 |
Net income |  | $ | 8,631 |  |  | $ | 7,530 |  |  | $ | 7,587 |  |  | $ | 9,240 |
Earnings per share-basic |  | $ | 0.49 |  |  | $ | 0.42 |  |  | $ | 0.43 |  |  | $ | 0.53 |
Earnings per share-diluted |  |  | 0.48 |  |  |  | 0.42 |  |  |  | 0.43 |  |  |  | 0.52 |
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 for equity securities |  |  | 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 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/270/tableOfContent + Details
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