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Quarterly Condensed Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Condensed Financial Information (Unaudited)  
Quarterly Condensed Financial Information (Unaudited)

Note 26: Quarterly Condensed Financial Information (Unaudited)

The following tables present the unaudited quarterly condensed financial information for the years ended December 31, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017 Quarter Ended

(Dollars in thousands, except per share data)

    

March 31

    

June 30

    

September 30

    

December 31

 

 

 

  

 

 

  

 

 

  

 

 

  

 Interest income

 

$

19,007

 

$

22,464

 

$

26,006

 

$

26,910

 Interest expense

 

 

5,476

 

 

6,740

 

 

7,616

 

 

7,958

Net interest income

 

 

13,531

 

 

15,724

 

 

18,390

 

 

18,952

 Provision for loan losses

 

 

240

 

 

240

 

 

592

 

 

1,400

Net interest income after provision for loan losses

 

 

13,291

 

 

15,484

 

 

17,798

 

 

17,552

 Noninterest income

 

 

8,091

 

 

16,626

 

 

8,056

 

 

14,907

 Noninterest expense

 

 

6,641

 

 

8,261

 

 

8,942

 

 

10,800

Income before income taxes

 

 

14,741

 

 

23,849

 

 

16,912

 

 

21,659

 Income taxes

 

 

5,611

 

 

9,091

 

 

6,445

 

 

1,330

Net income

 

 

9,130

 

 

14,758

 

 

10,467

 

 

20,329

 Less: preferred stock dividends

 

 

832

 

 

832

 

 

833

 

 

833

Net income allocated to common shareholders

 

$

8,298

 

$

13,926

 

$

9,634

 

$

19,496

Per common share data:

 

 

 

 

 

 

 

 

 

 

 

 

 Basic earnings per common share

 

$

0.39

 

$

0.66

 

$

0.45

 

$

0.73

 Diluted earnings per common share

 

 

0.39

 

 

0.66

 

 

0.45

 

 

0.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016 Quarter Ended

(Dollars in thousands, except per share data)

    

March 31

    

June 30

    

September 30

    

December 31

 

 

 

  

 

 

  

 

 

  

 

 

  

 Interest income

 

$

15,492

 

$

16,929

 

$

19,827

 

$

20,691

 Interest expense

 

 

4,242

 

 

4,360

 

 

4,857

 

 

5,509

Net interest income

 

 

11,250

 

 

12,569

 

 

14,970

 

 

15,182

 Provision for loan losses

 

 

240

 

 

240

 

 

240

 

 

240

Net interest income after provision for loan losses

 

 

11,010

 

 

12,329

 

 

14,730

 

 

14,942

 Noninterest income

 

 

3,293

 

 

6,658

 

 

11,629

 

 

6,924

 Noninterest expense

 

 

5,787

 

 

6,376

 

 

7,173

 

 

7,384

Income before income taxes

 

 

8,516

 

 

12,611

 

 

19,186

 

 

14,482

 Income taxes

 

 

3,367

 

 

4,986

 

 

7,587

 

 

5,728

Net income

 

 

5,149

 

 

7,625

 

 

11,599

 

 

8,754

 Less: preferred stock dividends

 

 

205

 

 

202

 

 

762

 

 

833

Net income allocated to common shareholders

 

$

4,944

 

$

7,423

 

$

10,837

 

$

7,921

Per common share data:

 

 

 

 

 

 

 

 

 

 

 

 

 Basic earnings per common share

 

$

0.23

 

$

0.36

 

$

0.51

 

$

0.38

 Diluted earnings per common share

 

 

0.23

 

 

0.36

 

 

0.51

 

 

0.38