QUARTERLY FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION OF REGISTRANT NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

QUARTERLY FINANCIAL INFORMATION OF REGISTRANT

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(in thousands, except share amounts)

	2018
	Fourth Quarter		Third Quarter			Second Quarter			First Quarter
Interest income	$	58,022	$	57,152		$	56,797		$	57,194
Interest expense	15,612		14,742			13,686			13,061
Net interest income	42,410		42,410			43,111			44,133
Provision for loan losses	2,446		975			1,281			3,735
Net gain (loss) on sale of securities available for sale	61		(741		)	(332		)	(827		)
Noninterest income excluding net gain (loss) on sale of securities	10,073		10,763			11,339			10,437
Noninterest expense	30,196		28,962			29,274			31,667
Income before income tax expense	19,902		22,495			23,563			18,341
Income tax expense	2,521		2,192			3,360			2,090
Net income	17,381		20,303			20,203			16,251
Earnings per common share
Basic	$	0.50	$	0.58		$	0.58		$	0.46
Diluted	$	0.50	$	0.58		$	0.57		$	0.46
Cash dividends paid per common share	$	0.32	$	0.30		$	0.30		$	0.28

	2017
	Fourth Quarter			Third Quarter		Second Quarter			First Quarter
Interest income	$	50,104		$	46,473	$	46,009		$	44,888
Interest expense	11,798			11,513		10,585			9,608
Net interest income	38,306			34,960		35,424			35,280
Provision for loan losses	1,271			960		1,346			1,098
Net (loss) gain on sale of securities available for sale	(249		)	627		(75		)	322
Noninterest income excluding net gain (loss) on sale of securities	9,348			8,781		9,368			9,351
Noninterest expense	29,933			25,007		25,537			25,858
Income before income tax expense	16,201			18,401		17,834			17,997
Income tax expense	5,870			3,890		3,353			3,008
Net income	10,331			14,511		14,481			14,989
Earnings per common share
Basic	$	0.33		$	0.49	$	0.49		$	0.51
Diluted	$	0.33		$	0.49	$	0.49		$	0.51
Cash dividends paid per common share	$	0.30		$	0.28	$	0.28		$	0.25