Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Data

Selected Quarterly Financial Data (Unaudited)

Results of operations on a quarterly basis were as follows:

(dollars in thousands, except per share data)	For the Year Ended December 31, 2013
	First quarter		Second quarter		Third quarter		Fourth quarter
Interest income	$	19,610	$	18,726	$	18,469	$	18,554
Interest expense	1,428		1,369		1,322		1,301
Net interest income	18,182		17,357		17,147		17,253
Provision for loan losses	1,950		11,764		525		376
Net interest income after provision for loan losses	16,232		5,593		16,622		16,877
Noninterest income	4,346		11,697		3,137		3,165
Noninterest expense	13,867		12,926		13,072		16,436
Income before provision for income tax	6,711		4,364		6,687		3,606
Provision for income tax	2,127		1,456		2,185		1,104
Net income available to common shareholders	$	4,584	$	2,908	$	4,502	$	2,502
Basic earnings per share	$	0.30	$	0.19	$	0.29	$	0.16
Diluted earnings per share	$	0.30	$	0.19	$	0.29	$	0.16
Cash dividends declared per share	$	0.15	$	0.15	$	0.09	$	0.15

(dollars in thousands, except per share data)	For the Year Ended December 31, 2012
	First quarter		Second quarter		Third quarter		Fourth quarter
Interest income	$	23,283	$	22,726	$	22,262	$	21,439
Interest expense	1,981		1,837		1,710		1,585
Net interest income	21,302		20,889		20,552		19,854
Provision for loan losses	2,000		2,748		1,250		3,746
Net interest income after provision for loan losses	19,302		18,141		19,302		16,108
Noninterest income	1,297		988		1,358		4,603
Noninterest expense	13,655		15,109		13,663		13,972
Income before provision for income tax	6,944		4,020		6,997		6,739
Provision for income tax	2,171		1,173		2,359		2,153
Net income available to common shareholders	$	4,773	$	2,847	$	4,638	$	4,586
Basic earnings per share	$	0.31	$	0.18	$	0.30	$	0.30
Diluted earnings per share	$	0.31	$	0.18	$	0.30	$	0.30
Cash dividends declared per share	$	0.12	$	0.14	$	0.09	$	0.15