Condensed Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Condensed Quarterly Results of Operations

26.     CONDENSED QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following table sets forth the Company’s unaudited results of operations for the four quarters of 2019 and 2018. In management’s opinion, the results of operations reflect all adjustments (which include only recurring adjustments) necessary to present fairly the condensed results for such periods (dollars in thousands, except per share data).

	2019 Quarter Ended
	December 31,		September 30,		June 30,		March 31,
Interest income	$	27,775	$	27,901	$	27,788	$	27,483
Interest expense		2,953		3,526		3,589		3,510
Net interest income		24,822		24,375		24,199		23,973
Provision for loan and lease losses		500		1,350		400		300
Non-interest income		5,847		5,869		5,855		5,906
Non-interest expense		17,982		17,088		17,656		17,852
Net income before taxes		12,187		11,806		11,998		11,727
Provision for taxes		2,902		2,854		3,169		2,832
Net income	$	9,285	$	8,952	$	8,829	$	8,895
Diluted earnings per share	$	0.60	$	0.58	$	0.57	$	0.58
Cash dividend per share	$	0.19	$	0.19	$	0.18	$	0.18

	2018 Quarter Ended
	December 31,		September 30,		June 30,		March 31,
Interest income	$	27,042	$	26,236	$	24,883	$	23,476
Interest expense		2,984		2,460		2,083		1,716
Net interest income		24,058		23,776		22,800		21,760
Provision for loan and lease losses		1,400		2,450		300		200
Non-interest income		5,279		5,723		5,429		5,133
Non-interest expense		17,036		17,807		17,294		17,887
Net income before taxes		10,901		9,242		10,635		8,806
Provision for taxes		2,997		2,171		2,643		2,096
Net income	$	7,904	$	7,071	$	7,992	$	6,710
Diluted earnings per share	$	0.51	$	0.46	$	0.52	$	0.44
Cash dividend per share	$	0.16	$	0.16	$	0.16	$	0.16