QUARTERLY FINANCIAL RESULTS (UNAUDITED)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL RESULTS (UNAUDITED)

Note 25 – Quarterly Financial Results (unaudited)

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

	2018
	First		Second		Third		Fourth
(In thousands, except per share data)	Quarter		Quarter		Quarter		Quarter
Interest income	$	75,504	$	78,597	$	84,374	$	85,607
Interest expense		12,613		14,779		16,783		19,462
Net interest income		62,891		63,818		67,591		66,145
Provision for loan losses		1,997		1,733		1,890		3,403
Non-interest income		17,118		14,868		15,033		14,030
Non-interest expense		49,641		45,082		42,393		42,667
Income before income taxes		28,371		31,871		38,341		34,105
Income tax expense		6,706		7,472		9,107		8,539
Net income	$	21,665	$	24,399	$	29,234	$	25,566
Basic net income per share	$	0.61	$	0.68	$	0.82	$	0.72
Diluted net income per share	$	0.61	$	0.68	$	0.82	$	0.72

	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