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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME:    
Loans receivable $ 41,743 $ 41,489
Mortgage-backed securities 1,471 1,172
Securities and cash equivalents 1,892 1,847
Total Interest Income 45,106 44,508
INTEREST EXPENSE:    
Deposits 1,964 2,719
FHLB advances 38 24
Other borrowings 44 56
Junior subordinated debentures 721 741
Total Interest Expense 2,767 3,540
Net interest income before provision for loan losses 42,339 40,968
PROVISION FOR LOAN LOSSES 0 0
Net interest income 42,339 40,968
OTHER OPERATING INCOME:    
Deposit fees and other service charges 6,602 6,301
Mortgage banking operations 1,840 2,838
Miscellaneous 636 790
Other operating income (loss) 9,078 9,929
Gain on sale of securities 35 1,006
Other-than-temporary impairment recovery 0 409
Net change in valuation of financial instruments carried at fair value (255) (1,347)
Total other operating income 8,858 9,997
OTHER OPERATING EXPENSES:    
Salary and employee benefits 21,156 20,729
Less capitalized loan origination costs (2,195) (2,871)
Occupancy and equipment 5,696 5,329
Information/computer data services 1,935 1,720
Payment and card processing expenses 2,515 2,305
Professional services 1,038 905
Advertising and marketing 1,057 1,499
Deposit insurance 576 645
State/municipal business and use taxes 159 464
REO operations 39 (251)
Amortization of core deposit intangibles 479 505
Miscellaneous 3,126 3,120
Total other operating expenses 35,581 34,099
Income before provision for income taxes 15,616 16,866
PROVISION FOR INCOME TAXES 5,046 5,284
NET INCOME $ 10,570 $ 11,582
Earnings per common share:    
Basic (in dollars per share) $ 0.55 $ 0.60
Diluted (in dollars per share) $ 0.54 $ 0.60
Cumulative dividends declared per common share (in dollars per share) $ 0.18 $ 0.12