Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

The following table represents summarized data for each of the quarters in 2019 and 2018:



	2019
	Fourth Quarter			Third Quarter			Second Quarter		First Quarter
	(Dollars in millions, except per share data)
Interest income	$	213		$	203		$	198	$	180
Interest expense	61			57			60		54
Net interest income	152			146			138		126
Provision for loan losses	—			1			17		—
Net interest income after provision for loan losses	152			145			121		126
Net gain on loan sales	101			110			75		49
Loan fees and charges	30			29			24		17
Deposit fees and charges	10			10			10		8
Loan administration income	8			5			6		11
Net return (loss) on the mortgage servicing rights	(3		)	(2		)	5		6
Other noninterest income	16			19			48		18
Noninterest expense	245			238			214		191
Income before income tax	69			78			75		44
Provision for income taxes	11			15			14		8
Net income from continuing operations	$	58		$	63		$	61	$	36
Basic income per share	$	1.01		$	1.12		$	1.08	$	0.64
Diluted income per share	$	1.00		$	1.11		$	1.06	$	0.63



	2018
	Fourth Quarter			Third Quarter			Second Quarter			First Quarter
	(Dollars in millions, except per share data)
Interest income	$	181		$	183		$	167		$	152
Interest expense	29			59			52			46
Net interest income	152			124			115			106
Benefit from loan losses	(5		)	(2		)	(1		)	—
Net interest income after provision for loan losses	157			126			116			106
Net gain on loan sales	34			43			63			60
Loan fees and charges	20			23			24			20
Deposit fees and charges	6			5			5			5
Loan administration income	8			5			5			5
Net return on the mortgage servicing rights	10			13			9			4
Other noninterest income	20			18			17			17
Noninterest expense	189			173			177			173
Income before income tax	66			60			62			44
Provision for income taxes	12			12			12			9
Net income from continuing operations	$	54		$	48		$	50		$	35
Basic income per share	$	0.94		$	0.84		$	0.86		$	0.61
Diluted income per share	$	0.93		$	0.83		$	0.85		$	0.60