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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Data (Unaudited)

Note S – Quarterly Financial Data (Unaudited)

 

The following represents summarized quarterly financial data of the Company which, in the opinion of management, reflects all adjustments (comprised of normal accruals) necessary for fair presentation.

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

2013

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

 

(in thousands, except per share data)

Interest income

 

$               25,396

 

$               26,185

 

$               26,823

 

$               28,146

Net interest income

 

22,684 

 

23,579 

 

24,117 

 

25,402 

Provision for loan and lease losses

 

5,500 

 

9,500 

 

8,000 

 

6,500 

Non-interest income

 

19,132 

 

22,362 

 

19,602 

 

22,334 

Non-interest expense

 

24,479 

 

27,587 

 

28,897 

 

29,814 

Income tax expense

 

4,431 

 

3,262 

 

2,034 

 

4,098 

Net income available to common shareholders

 

7,406 

 

5,592 

 

4,788 

 

7,324 

Net income per share - basic (1)

 

0.20 

 

0.15 

 

0.13 

 

0.20 

Net income per share - diluted (1)

 

0.20 

 

0.15 

 

0.13 

 

0.19 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

2012

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

 

(in thousands, except per share data)

Interest income

 

$               23,882

 

$               23,948

 

$               24,359

 

$               24,666

Net interest income

 

20,916 

 

20,881 

 

21,561 

 

22,086 

Provision for loan and lease losses

 

5,220 

 

4,287 

 

5,540 

 

7,391 

Non-interest income

 

12,290 

 

10,449 

 

11,233 

 

15,626 

Non-interest expense

 

21,787 

 

21,039 

 

21,898 

 

23,462 

Income tax expense

 

2,227 

 

2,150 

 

1,795 

 

1,622 

Net income available to common shareholders

 

3,972 

 

3,854 

 

3,561 

 

5,237 

Net income per share - basic (1)

 

0.12 

 

0.12 

 

0.11 

 

0.15 

Net income per share - diluted (1)

 

0.12 

 

0.12 

 

0.11 

 

0.15 

 

 

 

 

 

 

 

 

 

(1)  May not equal annual amounts due to rounding.