QUARTERLY FINANCIAL RESULTS (UNAUDITED)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL RESULTS (UNAUDITED)

Note 24 – Quarterly Financial Results (unaudited)

A summary of selected consolidated quarterly financial data for the years ended December 31 is provided in the following tables:

	2017
	First		Second		Third		Fourth
(In thousands, except per share data)	Quarter		Quarter		Quarter		Quarter
Interest income	$	45,958	$	48,576	$	49,589	$	50,676
Interest expense		5,705		6,250		6,892		7,184
Net interest income		40,253		42,326		42,697		43,492
Provision for loan losses		194		1,322		934		527
Non-interest income		12,632		13,571		12,746		12,294
Non-interest expense		29,981		32,868		31,191		35,059
Income before income taxes		22,710		21,707		23,318		20,200
Income tax expense		7,598		6,966		8,229		11,933
Net income	$	15,112	$	14,741	$	15,089	$	8,267
Basic net income per share	$	0.63	$	0.61	$	0.62	$	0.34
Diluted net income per share	$	0.63	$	0.61	$	0.62	$	0.34

	2016
	First		Second		Third		Fourth
(In thousands, except per share data)	Quarter		Quarter		Quarter		Quarter
Interest income	$	41,653	$	41,803	$	42,857	$	44,243
Interest expense		5,531		5,071		5,126		5,276
Net interest income		36,122		36,732		37,731		38,967
Provision for loan losses		1,236		2,957		781		572
Non-interest income		13,363		12,751		12,584		12,344
Non-interest expense		32,317		30,871		29,326		30,544
Income before income taxes		15,932		15,655		20,208		20,195
Income tax expense		5,119		5,008		6,734		6,879
Net income	$	10,813	$	10,647	$	13,474	$	13,316
Basic net income per share	$	0.45	$	0.45	$	0.56	$	0.55
Diluted net income per share	$	0.45	$	0.44	$	0.56	$	0.55