Annual report pursuant to Section 13 and 15(d)

Note 23 - Quarterly Financial Data (Unaudited)

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Note 23 - Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Quarterly Financial Information [Text Block]

NOTE 23.

QUARTERLY FINANCIAL DATA (UNAUDITED)

 

The following table sets forth certain unaudited quarterly financial data derived from our consolidated financial statements. Such data is only a summary and should be read in conjunction with our historical consolidated financial statements and related notes continued in this annual report on Form 10-K.

 

   

2019 Quarter Ended

 
   

(Dollars in thousands, except per share data)

 
   

March 31

   

June 30

   

September 30

   

December 31

 

Interest income

  $ 93,699     $ 97,787     $ 101,130     $ 98,187  

Interest expense

    24,921       27,702       28,125       22,410  

Net interest income

    68,778       70,085       73,005       75,777  

Provision for loan losses

    4,885       4,884       6,985       5,884  

Net income available to common stockholders

    35,010       35,602       37,563       41,005  

Net income per common share, basic

  $ 0.65     $ 0.67     $ 0.70     $ 0.77  

Net income per common share, diluted

  $ 0.65     $ 0.66     $ 0.69     $ 0.76  

 

   

2018 Quarter Ended

 
   

(Dollars in thousands, except per share data)

 
   

March 31

   

June 30

   

September 30

   

December 31

 

Interest income

  $ 74,009     $ 78,396     $ 84,058     $ 90,164  

Interest expense

    11,573       13,874       17,195       21,306  

Net interest income

    62,436       64,522       66,863       68,858  

Provision for loan losses

    4,139       4,121       6,624       6,518  

Net income available to common stockholders

    32,603       33,509       34,560       36,205  

Net income per common share, basic

  $ 0.61     $ 0.63     $ 0.65     $ 0.68  

Net income per common share, diluted

  $ 0.60     $ 0.62     $ 0.64     $ 0.67