Quarterly Condensed Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Condensed Financial Information (Unaudited)

Schedule of quarterly condensed financial information (unaudited)

	2019 Quarter Ended
(Dollars in thousands, except per share data)	March 31		June 30		September 30		December 31
Interest income	$	39,674	$	48,761	$	59,761	$	63,799
Interest expense		15,543		20,839		27,137		26,178
Net interest income		24,131		27,922		32,624		37,621
Provision for loan losses		649		105		1,193		1,993
Net interest income after provision for loan losses		23,482		27,817		31,431		35,628
Noninterest income		3,664		9,870		10,852		22,703
Noninterest expense		13,035		15,920		15,522		18,836
Income before income taxes		14,111		21,767		26,761		39,495
Income taxes		3,541		5,328		6,502		9,434
Net income		10,570		16,439		20,259		30,061
Less: preferred stock dividends		833		1,743		3,022		3,618
Net income allocated to common shareholders	$	9,737	$	14,696	$	17,237	$	26,443
Per common share data:
Basic earnings per common share	$	0.34	$	0.51	$	0.60	$	0.92
Diluted earnings per common share		0.34		0.51		0.60		0.92

	2018 Quarter Ended
(Dollars in thousands, except per share data)	March 31		June 30		September 30		December 31
Interest income	$	29,038	$	34,123	$	37,577	$	39,825
Interest expense		8,930		11,917		14,095		15,650
Net interest income		20,108		22,206		23,482		24,175
Provision for loan losses		1,406		998		617		1,608
Net interest income after provision for loan losses		18,702		21,208		22,865		22,567
Noninterest income		11,313		11,630		11,907		14,735
Noninterest expense		10,270		12,000		12,449		16,181
Income before income taxes		19,745		20,838		22,323		21,121
Income taxes		4,684		5,186		5,584		5,699
Net income		15,061		15,652		16,739		15,422
Less: preferred stock dividends		833		832		833		832
Net income allocated to common shareholders	$	14,228	$	14,820	$	15,906	$	14,590
Per common share data:
Basic earnings per common share	$	0.50	$	0.52	$	0.55	$	0.51
Diluted earnings per common share		0.50		0.52		0.55		0.51