Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

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, 2013 and 2012:

	2013 Quarters Ended
	March 31			June 30			September 30			December 31
	(in thousands, except per share amounts)
Interest income	$	90,757		$	94,017		$	96,444		$	97,803
Interest expense	13,863			13,603			13,896			13,425
Net interest income	76,894			80,414			82,548			84,378
Provision for credit losses	0			0			0			0
Net interest income after provision	76,894			80,414			82,548			84,378
Noninterest income	37,566			42,003			31,890			29,127
Noninterest expenses	81,929			81,678			85,334			84,371
Income before income taxes	32,531			40,739			29,104			29,134
Income tax benefit	(9,853		)	(12,978		)	(8,056		)	(6,980		)
Net income	22,678			27,761			21,048			22,154
Earnings per share - basic	$	0.36		$	0.45		$	0.34		$	0.36
Earnings per share - diluted	$	0.36		$	0.44		$	0.33		$	0.35
Weighted average shares outstanding - basic	62,242,183			62,289,437			62,309,270			62,319,497
Weighted average shares outstanding - diluted	63,004,784			63,107,913			63,461,018			63,613,271

	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