Quarterly Operating Results (unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Operating Results (unaudited)

Summary of quarterly operating results (unaudited)

	2013
(In thousands, except per share data)	4th quarter		3rd quarter		2nd quarter		1st quarter
Interest income	$	22,069	$	22,267	$	21,293	$	20,835
Interest expense	2,226		2,250		2,318		2,372
Net interest income	19,843		20,017		18,975		18,463
Provision for loan losses	1,575		1,325		1,325		2,325
Net interest income after provision	18,268		18,692		17,650		16,138
Non-interest income	9,811		9,652		10,311		9,228
Non-interest expenses	19,380		17,571		18,822		15,579
Income before income taxes	8,699		10,773		9,139		9,787
Income tax expense	2,386		3,091		2,732		3,019
Net income	$	6,313	$	7,682	$	6,407	$	6,768
Basic earnings per share	$	0.44	$	0.53	$	0.45	$	0.49
Diluted earnings per share	0.43		0.53		0.45		0.49

	2012
	4th quarter		3rd quarter		2nd quarter		1st quarter
Interest income	$	22,034	$	21,692	$	21,363	$	21,812
Interest expense	3,724		2,897		3,068		3,262
Net interest income	18,310		18,795		18,295		18,550
Provision for loan losses	2,475		2,475		2,475		4,075
Net interest income after provision	15,835		16,320		15,820		14,475
Non-interest income	10,127		9,795		9,290		9,245
Non-interest expenses	17,183		17,045		16,508		14,736
Income before income taxes	8,779		9,070		8,602		8,984
Income tax expense	2,265		2,388		2,499		2,482
Net income	$	6,514	$	6,682	$	6,103	$	6,502
Basic earnings per share	$	0.47	$	0.48	$	0.44	$	0.47
Diluted earnings per share	0.47		0.48		0.44		0.47

	2011
	4th quarter		3rd quarter		2nd quarter		1st quarter
Interest income	$	21,569	$	21,616	$	21,566	$	21,288
Interest expense	3,553		3,826		3,955		3,973
Net interest income	18,016		17,790		17,611		17,315
Provision for loan losses	3,100		4,100		2,600		2,800
Net interest income after provision	14,916		13,690		15,011		14,515
Non-interest income	9,229		7,858		8,152		8,005
Non-interest expenses	16,727		13,302		14,725		14,827
Income before income taxes	7,418		8,246		8,438		7,693
Income tax expense	1,076		2,472		2,441		2,202
Net income	$	6,342	$	5,774	$	5,997	$	5,491
Basic earnings per share	$	0.46	$	0.42	$	0.43	$	0.40
Diluted earnings per share	0.46		0.42		0.43		0.40