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Unaudited Interim Financial Data
12 Months Ended
Dec. 31, 2012
Unaudited Interim Financial Data  
Unaudited Interim Financial Data

Note 22.  Unaudited Interim Financial Data

 

The following table reflects summarized quarterly data for the periods described (unaudited), in thousands, except per share data:

 

 

 

2012

 

 

 

December 31

 

September 30

 

June 30

 

March 31

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

28,584

 

$

29,011

 

$

29,225

 

$

30,096

 

Interest expense

 

2,955

 

3,466

 

3,951

 

4,398

 

Net interest income

 

25,629

 

25,545

 

25,274

 

25,698

 

Provision for loan losses

 

3,500

 

3,500

 

4,500

 

5,000

 

Noninterest income

 

17,613

 

15,589

 

15,770

 

17,880

 

Noninterest expense

 

32,269

 

30,394

 

29,779

 

27,202

 

Income before income taxes

 

7,473

 

7,240

 

6,765

 

11,376

 

Income taxes

 

2,556

 

2,331

 

1,877

 

3,733

 

Net income

 

$

4,917

 

$

4,909

 

$

4,888

 

$

7,643

 

Preferred stock dividends and discount accretion

 

908

 

909

 

908

 

908

 

Net income available to common stockholders

 

$

4,009

 

$

4,000

 

$

3,980

 

$

6,735

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.05

 

$

0.05

 

$

0.05

 

$

0.08

 

Diluted earnings per share

 

$

0.05

 

$

0.05

 

$

0.05

 

$

0.08

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

 

 

December 31

 

September 30

 

June 30

 

March 31

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

31,229

 

$

32,811

 

$

33,873

 

$

34,906

 

Interest expense

 

4,751

 

5,084

 

6,032

 

6,559

 

Net interest income

 

26,478

 

27,727

 

27,841

 

28,347

 

Provision for loan losses

 

5,000

 

5,000

 

5,000

 

5,000

 

Noninterest income

 

15,012

 

14,718

 

13,746

 

15,539

 

Noninterest expense

 

27,991

 

25,724

 

25,185

 

25,665

 

Income (loss) before income taxes

 

8,499

 

11,721

 

11,402

 

13,221

 

Income taxes

 

2,753

 

4,151

 

3,955

 

4,111

 

Net income (loss)

 

$

5,746

 

$

7,570

 

$

7,447

 

$

9,110

 

Preferred stock dividends and discount accretion

 

1,234

 

1,049

 

1,283

 

1,776

 

Net income (loss) available to common stockholders

 

$

4,512

 

$

6,521

 

$

6,164

 

$

7,334

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.05

 

$

0.08

 

$

0.07

 

$

0.09

 

Diluted earnings per share

 

$

0.05

 

$

0.08

 

$

0.07

 

$

0.09