SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2014

Selected Quarterly Financial Information [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Results of operations on a quarterly basis for the years ended December 31, 2014, 2013 and 2012 were as follows (dollars in thousands except for per share data):

	Year Ended December 31, 2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest income	$	45,106	$	46,540	$	49,764	$	49,251
Interest expense	2,767		2,732		2,700		2,590
Net interest income before provision for loan losses	42,339		43,808		47,064		46,661
Provision for loan losses	—		—		—		—
Net interest income	42,339		43,808		47,064		46,661
Other operating income	8,858		20,133		13,350		11,913
Other operating expenses	35,581		38,435		38,495		41,230
Income before provision for income taxes	15,616		25,506		21,919		17,344
Provision for income taxes	5,046		8,499		7,076		5,599
Net income	10,570		17,007		14,843		11,745
Preferred stock dividend	—		—		—		—
Preferred stock discount accretion	—		—		—		—
Gain on repurchase and retirement of preferred stock	—		—		—		—
Net income available to common shareholders	$	10,570	$	17,007	$	14,843	$	11,745
Basic earnings per share	$	0.55	$	0.88	$	0.77	$	0.61
Diluted earnings per share	0.54		0.88		0.76		0.60
Dividends declared	0.18		0.18		0.18		0.18

	Year Ended December 31, 2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest income	$	44,508	$	45,571	$	45,037	$	44,595
Interest expense	3,540		3,323		3,144		2,988
Net interest income before provision for loan losses	40,968		42,248		41,893		41,607
Provision for loan losses	—		—		—		—
Net interest income	40,968		42,248		41,893		41,607
Other operating income	9,997		10,623		10,142		12,580
Other operating expenses	34,099		35,457		34,490		36,929
Income before provision for income taxes	16,866		17,414		17,545		17,258
Provision for income taxes	5,284		5,661		5,880		5,704
Net income	11,582		11,753		11,665		11,554
Preferred stock dividend	—		—		—		—
Preferred stock discount accretion	—		—		—		—
Gain on repurchase and retirement of preferred stock	—		—		—		—
Net income available to common shareholders	$	11,582	$	11,753	$	11,665	$	11,554
Basic earnings per share	$	0.60	$	0.60	$	0.60	$	0.60
Diluted earnings per share	0.60		0.60		0.60		0.60
Dividends declared	0.12		0.12		0.15		0.15

	Year Ended December 31, 2012
	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
Interest income	$	47,198	$	47,265		$	47,174		$	45,525
Interest expense	6,072		4,975			4,476			3,991
Net interest income before provision for loan losses	41,126		42,290			42,698			41,534
Provision for loan losses	5,000		4,000			3,000			1,000
Net interest income	36,126		38,290			39,698			40,534
Other operating income	10,971		(9,064		)	11,684			13,311
Other operating expenses	37,913		35,666			33,355			34,519
Income (loss) before provision for income taxes	9,184		(6,440		)	18,027			19,326
Provision (benefit) for income taxes	—		(31,830		)	2,407			4,638
Net income	9,184		25,390			15,620			14,688
Preferred stock dividend	1,550		1,550			1,227			611
Preferred stock discount accretion	454		454			1,216			1,174
Gain on repurchase and retirement of preferred stock	—		—			(2,070		)	(401		)
Net income available to common shareholders	$	7,180	$	23,386		$	15,247		$	13,304
Basic earnings per share	$	0.40	$	1.27		$	0.81		$	0.69
Diluted earnings per share	0.40		1.27			0.80			0.69
Dividends declared	0.01		0.01			0.01			0.01