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QUARTERLY FINANCIAL RESULTS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Consolidated Quarterly Financial Data

 

 

2019

 

 

First

 

Second

 

Third

 

Fourth

(In thousands, except per share data)

 

Quarter

 

Quarter

 

Quarter

 

Quarter

Interest income

 

$

88,183

 

$

87,214

 

$

87,082

 

$

85,390

Interest expense

 

 

21,433

 

 

21,029

 

 

20,292

 

 

19,807

Net interest income

 

 

66,750

 

 

66,185

 

 

66,790

 

 

65,583

Provision (credit) for loan losses

 

 

(128)

 

 

1,633

 

 

1,524

 

 

1,655

Non-interest income

 

 

16,969

 

 

16,556

 

 

18,573

 

 

19,224

Non-interest expense

 

 

44,192

 

 

43,887

 

 

44,925

 

 

46,081

Income before income taxes

 

 

39,655

 

 

37,221

 

 

38,914

 

 

37,071

Income tax expense

 

 

9,338

 

 

8,945

 

 

9,531

 

 

8,614

Net income

 

$

30,317

 

$

28,276

 

$

29,383

 

$

28,457

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.85

 

$

0.79

 

$

0.82

 

$

0.80

Diluted net income per share

 

$

0.85

 

$

0.79

 

$

0.82

 

$

0.80

 

 

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