Quarterly Results of Operations

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations

Quarterly Results of Operations

(In Thousands, Except Share Data) (Unaudited)

The following table sets forth a summary of the unaudited quarterly results of operations.

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2013
Interest income	$	38,945	$	39,945	$	44,638	$	57,076
Interest expense	5,564		5,541		5,890		6,408
Net interest income	33,381		34,404		38,748		50,668
Provision for loan losses	3,050		3,000		2,300		2,000
Noninterest income	17,378		17,317		18,935		18,341
Noninterest expense	37,600		37,734		46,613		51,129
Income before income taxes	10,109		10,987		8,770		15,880
Income taxes	2,538		2,968		2,133		4,620
Net income	$	7,571	$	8,019	$	6,637	$	11,260
Basic earnings per share	$	0.30	$	0.32	$	0.24	$	0.36
Diluted earnings per share	$	0.30	$	0.32	$	0.24	$	0.36
2012
Interest income	$	40,505	$	39,978	$	39,154	$	39,676
Interest expense	7,662		6,568		6,022		5,723
Net interest income	32,843		33,410		33,132		33,953
Provision for loan losses	4,800		4,700		4,625		4,000
Noninterest income	16,387		16,238		18,014		18,072
Noninterest expense	36,621		36,710		38,631		38,497
Income before income taxes	7,809		8,238		7,890		9,528
Income taxes	1,835		1,893		853		2,247
Net income	$	5,974	$	6,345	$	7,037	$	7,281
Basic earnings per share	$	0.24	$	0.25	$	0.28	$	0.29
Diluted earnings per share	$	0.24	$	0.25	$	0.28	$	0.29