Quarterly Financial Information of Center Bancorp, Inc. (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information of Center Bancorp, Inc. (Unaudited)

Quarterly Financial Information of Center Bancorp, Inc. (Unaudited)

Note 20 — Quarterly Financial Information of Center Bancorp, Inc. (Unaudited)

	2011
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
	(Dollars in Thousands, Except per Share Data)
Total interest income	$	13,263	$	12,919	$	12,878	$	12,867
Total interest expense		3,101		3,069		3,085		2,922
Net interest income		10,162		9,850		9,793		9,945
Provision for loan losses		300		1,020		250		878
Total other income, net of securities gains		1,049		1,033		931		831
Net securities gains		817		1,250		801		766
Other expense		6,222		5,529		5,757		5,935
Income before income taxes		5,506		5,584		5,518		4,729
Provision from income taxes		1,884		1,882		1,934		1,711
Net income	$	3,622	$	3,702	$	3,584	$	3,018
Net income available to common stockholders	$	3,238	$	3,557	$	3,439	$	2,872
Earnings per share:
Basic	$	0.20	$	0.22	$	0.21	$	0.18
Diluted	$	0.20	$	0.22	$	0.21	$	0.18
Weighted average common shares outstanding:
Basic		16,311,193		16,290,700		16,290,700		16,290,391
Diluted		16,327,990		16,313,366		16,315,667		16,300,604

	2010
	4th Quarter			3rd Quarter		2nd Quarter		1st Quarter
	(Dollars in Thousands, Except per Share Data)
Total interest income	$	11,519		$	12,035	$	12,488	$	12,672
Total interest expense		3,138			3,653		3,831		4,163
Net interest income		8,381			8,382		8,657		8,509
Provision for loan losses		2,048			1,307		781		940
Total other income, net of securities gains		989			1,102		825		895
Net securities gains (losses)		315			1,033		657		(3,344	)
Other expense		5,997			5,442		6,268		6,392
Income (loss) before income taxes		1,640			3,768		3,090		(1,272	)
Provision (Benefit) from income taxes		(930	)		1,629		1,076		(1,553	)
Net income	$	2,570		$	2,139	$	2,014	$	281
Net income available to common stockholders	$	2,426		$	1,993	$	1,868	$	136
Earnings per share:
Basic	$	0.15		$	0.14	$	0.13	$	0.01
Diluted	$	0.15		$	0.14	$	0.13	$	0.01
Weighted average common shares outstanding:
Basic		16,289,832			14,649,397		14,574,832		14,574,832
Diluted		16,290,071			14,649,397		14,576,223		14,579,871

Note:  Due to rounding, quarterly earnings per share may not sum to reported annual earnings per share.