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Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited)
 
The following represents summarized unaudited quarterly financial data of the Company which, in the opinion of management, reflects adjustments (comprising only normal recurring accruals) necessary for fair presentation, note that certain balances may not cross foot due to rounding:
 
 
Three Months Ended
(in thousands, except per share amounts)
December 31
September 30
June 30
March 31
 
 
 
 
 
2012
 
 
 
 
Interest income
$
24,096

$
24,255

$
24,625

$
24,332

Interest expense
2,262

2,477

2,655

2,716

Net interest income
21,834

21,778

21,970

21,616

Provision for loan losses
2,150

2,500

2,950

2,500

Noninterest income
7,805

7,148

7,460

7,441

Net gains (loss) on sales of securities
92

(37
)
12

984

Noninterest expense
22,486

23,053

22,674

22,931

Provision for federal income taxes
1,547

1,381

1,044

942

Net income
3,456

1,992

2,762

2,684

Net income per share:
 

 

 

 

Basic
$
0.24

$
0.14

$
0.19

$
0.19

Diluted
0.24

0.14

0.19

0.19

 
 

 

 

 

 
 

 

 

 

2011
 
 

 

 

Interest income
$
24,726

$
24,415

$
24,659

$
23,895

Interest expense
3,336

3,640

3,842

3,878

Net interest income
21,390

20,775

20,817

20,017

Provision for loan losses
3,350

13,750

1,700

1,792

Noninterest income
7,062

7,278

8,156

7,956

Net gains on sales of securities

7

309

34

Noninterest expense
21,731

23,355

24,621

24,307

Provision (benefit) for federal income taxes
888

(3,334
)
660

342

Net income (loss)
2,483

(5,718
)
1,992

1,532

Net income (loss) per share:
 

 

 

 

Basic
$
0.18

$
(0.41
)
$
0.14

$
0.11

Diluted
0.18

(0.41
)
0.14

0.11