Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Quarterly Financial Data (Unaudited):

The following tables present Sterling's condensed operations on a quarterly basis for the years ended December 31, 2012 and 2011:

	2012 Quarters Ended
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Interest income	$	97,965	$	100,990	$	95,991	$	94,254
Interest expense	23,612		22,080		20,683		18,147
Net interest income	74,353		78,910		75,308		76,107
Provision for credit losses	4,000		4,000		2,000		0
Net interest income after provision	70,353		74,910		73,308		76,107
Noninterest income	31,587		44,741		46,698		31,227
Noninterest expenses	88,649		87,607		89,408		89,589
Income before income taxes	13,291		32,044		30,598		17,745
Income tax benefit	0		288,842		0		3,201
Net income	13,291		320,886		30,598		20,946
Earnings per share - basic	$	0.21	$	5.17	$	0.49	$	0.34
Earnings per share - diluted	$	0.21	$	5.13	$	0.49	$	0.33
Weighted average shares outstanding - basic	62,078,404		62,112,936		62,139,833		62,159,683
Weighted average shares outstanding - diluted	62,682,987		62,610,054		62,845,864		62,867,030

	2011 Quarters Ended
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Interest income	$	103,237	$	102,347	$	101,379	$	97,329
Interest expense	29,494		27,540		26,543		25,520
Net interest income	73,743		74,807		74,836		71,809
Provision for credit losses	10,000		10,000		6,000		4,000
Net interest income after provision	63,743		64,807		68,836		67,809
Noninterest income	29,982		34,335		29,112		32,899
Noninterest expenses	88,308		91,587		86,620		85,875
Income before income taxes	5,417		7,555		11,328		14,833
Income tax benefit	0		0		0		0
Net income	5,417		7,555		11,328		14,833
Earnings per share - basic	$	0.09	$	0.12	$	0.18	$	0.24
Earnings per share - diluted	$	0.09	$	0.12	$	0.18	$	0.24
Weighted average shares outstanding - basic	61,930,783		61,943,851		61,958,183		61,989,094
Weighted average shares outstanding - diluted	62,335,212		62,312,224		62,041,203		62,194,011