SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2019

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

25.SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

	First Quarter				Second Quarter				Third Quarter				Fourth Quarter
	2019		2018		2019		2018		2019		2018		2019		2018 (1)
	(in thousands, except share data)
Interest and dividend income	$	37,053	$	24,685	$	38,278	$	26,251	$	39,730	$	27,849	$	39,723	$	36,923
Interest expense		11,023		4,561		11,565		5,356		11,745		6,728		11,389		10,133
Net interest and dividend income		26,030		20,124		26,713		20,895		27,985		21,121		28,334		26,790
Provision for loan losses		857		808		1,750		886		889		632		1,251		1,502
Other noninterest income		9,842		11,349		14,451		12,557		17,196		13,640		18,139		11,647
Gain on sale and call of securities, net		—		—		1,267		—		77		—		—		5
Total noninterest income		9,842		11,349		15,718		12,557		17,273		13,640		18,139		11,652
Total noninterest expenses		32,592		27,599		35,081		28,518		36,203		27,383		38,735		36,593
Provision for income taxes		356		814		819		945		1,053		818		2,180		236
Net income	$	2,067	$	2,252	$	4,781	$	3,103	$	7,113	$	5,928	$	4,307	$	111
Basic earnings per share (2)	$	0.04	$	0.04	$	0.08	$	0.05	$	0.13	$	0.10	$	0.08	$	—
Diluted earnings per share (2)	$	0.04	$	0.04	$	0.08	$	0.05	$	0.13	$	0.10	$	0.08	$	—
Weighted average common shares, basic (2)		56,666,979		56,681,432		56,704,297		56,697,860		55,638,734		56,691,125		54,208,629		56,684,405
Weighted average common shares, diluted (2)		56,666,979		56,681,432		56,704,297		56,697,860		55,638,734		56,692,204		54,209,182		56,684,405
(1) Increases in income and expenses are primarily due to the acquisition of Coastway Bank on October 5, 2018, including the related merger expenses.
(2) Share amounts related to periods prior to the August 14, 2019 closing of the conversion offering have been restated to give retroactive recognition to the 1.795431 exchange ratio applied in the conversion offering.