UNAUDITED QUARTERLY FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2012

UNAUDITED QUARTERLY FINANCIAL INFORMATION [Abstract]

UNAUDITED QUARTERLY FINANCIAL INFORMATION

20.   UNAUDITED QUARTERLY FINANCIAL INFORMATION

The following represents the unaudited condensed consolidated results of operations for each of the quarters during the fiscal years ended December 31, 2012 and 2011:

	For the three months ended
	March 31, 2012		June 30, 2012		September 30, 2012		December 31, 2012
Net interest income	$	33,394	$	34,498	$	33,398	$	8,551	(1)
Provision for loan losses		1,457		2,275		126		63
Net interest income after provision for loan losses		31,937		32,223		33,272		8,488
Non-interest income		1,790		2,988		2,574		16,498	(1)
Non-interest expense		16,408		15,676		15,771		14,717
Income before income taxes		17,319		19,535		20,075		10,269
Income tax expense		7,072		8,004		8,280		3,534
Net income	$	10,247	$	11,531	$	11,795	$	6,735
Earnings per share (2):
Basic	$	0.30	$	0.34	$	0.34	$	0.19
Diluted	$	0.30	$	0.34	$	0.34	$	0.19

⁽¹⁾ During the three months ended December 31, 2012, a charge of $25,582 on the prepayment of REPOS was recognized as a reduction to net interest income, and a gain on the sale of premises and fixed assets of $13,726 was recognized as a component of non-interest income.

⁽²⁾ The quarterly EPS amounts, when added, may not coincide with the full fiscal year EPS reported on the Consolidated Statements of Operations due to differences in the computed weighted average shares outstanding as well as rounding differences.

	For the three months ended
	March 31, 2011		June 30, 2011		September 30, 2011		December 31, 2011
Net interest income	$	35,043	$	36,160	$	34,172	$	34,127
Provision for loan losses		1,426		1,662		2,217		1,541
Net interest income after provision for loan losses		33,617		34,498		31,955		32,586
Non-interest income		1,910		1,734		2,149		2,136
Non-interest expense		16,860		15,083		14,964		14,781
Income before income taxes		18,667		21,149		19,140		19,941
Income tax expense		7,587		8,811		7,976		7,214
Net income	$	11,080	$	12,338	$	11,164	$	12,727
Earnings per share (1):
Basic	$	0.33	$	0.37	$	0.33	$	0.38
Diluted	$	0.33	$	0.36	$	0.33	$	0.38

⁽¹⁾ The quarterly EPS amounts, when added, may not coincide with the full fiscal year EPS reported on the Consolidated Statements of Operations due to differences in the computed weighted average shares outstanding as well as rounding differences.