Summary of Quarterly Statements of Income (Unaudited)

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Information [Abstract]

Summary of Quarterly Statements of Income (Unaudited)

SUMMARY OF QUARTERLY STATEMENTS OF INCOME (UNAUDITED)

The following quarterly information is unaudited. However, in the opinion of management, the information reflects all adjustments that are necessary for the fair presentation of the results of operations for the periods presented.

	2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
	(In thousands, except per share data)
Interest income	$	52,379	$	52,781	$	53,578	$	55,323	$	214,061
Interest expense	4,727		4,385		4,284		4,018		17,414
Net interest income	47,652		48,396		49,294		51,305		196,647
Provision for loan losses	3,000		3,000		3,000		2,000		11,000
Noninterest income	16,239		15,948		14,644		13,578		60,409
Operating expenses	41,957		41,041		39,545		42,405		164,948
Income before income taxes	18,934		20,303		21,393		20,478		81,108
Federal income tax expense	5,700		6,100		6,400		6,100		24,300
Net income	$	13,234	$	14,203	$	14,993	$	14,378	$	56,808
Net income per common share:
Basic	$	0.48	$	0.52	$	0.54	$	0.48	$	2.02
Diluted	0.48		0.51		0.53		0.48		2.00
Cash dividends declared per common share	0.21		0.21		0.22		0.23		0.87

	2012
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
	(In thousands, except per share data)
Interest income	$	52,664	$	52,467	$	52,501	$	53,126	$	210,758
Interest expense	6,469		6,021		5,591		5,132		23,213
Net interest income	46,195		46,446		46,910		47,994		187,545
Provision for loan losses	5,000		4,000		4,500		5,000		18,500
Noninterest income	13,325		13,944		12,719		14,696		54,684
Operating expenses	36,971		36,199		36,723		42,028		151,921
Income before income taxes	17,549		20,191		18,406		15,662		71,808
Federal income tax expense	5,175		6,325		5,300		4,000		20,800
Net income	$	12,374	$	13,866	$	13,106	$	11,662	$	51,008
Net income per common share:
Basic	$	0.45	$	0.50	$	0.48	$	0.42	$	1.86
Diluted	0.45		0.50		0.48		0.42		1.85
Cash dividends declared per common share	0.20		0.20		0.21		0.21		0.82