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Quarterly Results of Operations
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations

Note 25 Quarterly Results of Operations (unaudited)

 

The following is a summary of quarterly results:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

    

Fourth

    

Third

    

Second

    

First

    

 

 

 

 

quarter

 

quarter

 

quarter

 

quarter

 

Total

Interest and dividend income

 

$
39,658

 

$
40,764

 

$
38,472

 

$
41,554

 

$
160,448

Interest expense

 

 
3,873

 

 
3,700

 

 
3,719

 

 
3,516

 

 
14,808

Net interest income before provision for loan losses

 

 
35,785

 

 
37,064

 

 
34,753

 

 
38,038

 

 
145,640

Provision for loan losses

 

 
1,282

 

 
5,293

 

 
6,457

 

 
10,619

 

 
23,651

Net interest income after provision for loan losses

 

 
34,503

 

 
31,771

 

 
28,296

 

 
27,419

 

 
121,989

Non-interest income

 

 
9,992

 

 
11,608

 

 
10,504

 

 
7,923

 

 
40,027

Non-interest expense

 

 
34,423

 

 
33,370

 

 
33,314

 

 
34,902

 

 
136,009

Income before income taxes

 

 
10,072

 

 
10,009

 

 
5,486

 

 
440

 

 
26,007

Income tax expense

 

 
81

 

 
1,695

 

 
982

 

 
189

 

 
2,947

Net income

 

$
9,991

 

$
8,314

 

$
4,504

 

$
251

 

$
23,060

Income per share-basic

 

$
0.38

 

$
0.30

 

$
0.15

 

$
0.01

 

$
0.81

Income per share-diluted

 

$
0.36

 

$
0.30

 

$
0.15

 

$
0.01

 

$
0.79

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

    

Fourth

    

Third

    

Second

    

First

    

 

 

 

 

quarter

 

quarter

 

quarter

 

quarter

 

Total

Interest and dividend income

 

$
43,492

 

$
42,311

 

$
42,517

 

$
43,087

 

$
171,407

Interest expense

 

 
3,563

 

 
3,629

 

 
3,662

 

 
3,608

 

 
14,462

Net interest income before provision for loan losses

 

 
39,929

 

 
38,682

 

 
38,855

 

 
39,479

 

 
156,945

Provision for loan losses

 

 
5,423

 

 
3,710

 

 
1,858

 

 
1,453

 

 
12,444

Net interest income after provision for loan losses

 

 
34,506

 

 
34,972

 

 
36,997

 

 
38,026

 

 
144,501

Non-interest income

 

 
15,419

 

 
3,761

 

 
2,747

 

 
(479)

 

 
21,448

Non-interest expense

 

 
42,230

 

 
38,677

 

 
40,393

 

 
36,724

 

 
158,024

Income (loss) before income taxes

 

 
7,695

 

 
56

 

 
(649)

 

 
823

 

 
7,925

Income tax expense (benefit)

 

 
4,355

 

 
(1,580)

 

 
692

 

 
(423)

 

 
3,044

Net income (loss)

 

$
3,340

 

$
1,636

 

$
(1,341)

 

$
1,246

 

$
4,881

Income (loss) per share-basic

 

$
0.11

 

$
0.05

 

$
(0.04)

 

$
0.03

 

$
0.14

Income (loss) per share-diluted

 

$
0.11

 

$
0.05

 

$
(0.04)

 

$
0.03

 

$
0.14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

    

Fourth

    

Third

    

Second

    

First

    

 

 

 

 

quarter

 

quarter

 

quarter

 

quarter

 

Total

Interest and dividend income

 

$
46,280

 

$
45,492

 

$
46,005

 

$
46,885

 

$
184,662

Interest expense

 

 
3,696

 

 
3,597

 

 
3,582

 

 
3,538

 

 
14,413

Net interest income before provision for loan losses

 

 
42,584

 

 
41,895

 

 
42,423

 

 
43,347

 

 
170,249

Provision for loan losses

 

 
1,265

 

 
1,515

 

 
1,660

 

 
1,769

 

 
6,209

Net interest income after provision for loan losses

 

 
41,319

 

 
40,380

 

 
40,763

 

 
41,578

 

 
164,040

Non-interest income

 

 
(5,117)

 

 
1,614

 

 
2,161

 

 
(354)

 

 
(1,696)

Non-interest expense

 

 
33,149

 

 
37,981

 

 
39,855

 

 
39,018

 

 
150,003

Income before income taxes

 

 
3,053

 

 
4,013

 

 
3,069

 

 
2,206

 

 
12,341

Income tax expense

 

 
774

 

 
676

 

 
940

 

 
775

 

 
3,165

Net income

 

$
2,279

 

$
3,337

 

$
2,129

 

$
1,431

 

$
9,176

Income per share-basic

 

$
0.06

 

$
0.08

 

$
0.05

 

$
0.03

 

$
0.22

Income per share-diluted

 

$
0.06

 

$
0.08

 

$
0.05

 

$
0.03

 

$
0.22