Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

NOTE 23 — QUARTERLY FINANCIAL DATA (UNAUDITED)

The following presents quarterly financial data for the years ended December 31, 2014 and 2013.

	Year Ended December 31, 2014
	Fourth			Third			Second			First
(Dollars in thousands)	Quarter			Quarter			Quarter			Quarter
Interest income	$	23,280		$	22,118		$	21,453		$	20,379
Interest expense		1,951			1,723			1,572			1,524
Net interest income		21,329			20,395			19,881			18,855
Provision for loan losses		1,811			1,375			1,747			925
Net interest income after provision		19,518			19,020			18,134			17,930
Gain on branch sale		—			12,619			—			—
Other noninterest income		3,721			3,185			2,633			2,609
Noninterest income		3,721			15,804			2,633			2,609
Noninterest expense		19,685			18,461			16,160			14,896
Net income before income taxes		3,554			16,363			4,607			5,643
Income tax expense		747			6,089			1,626			1,916
Net income		2,807			10,274			2,981			3,727
Income attributable to noncontrolling interests		(589	)		(584	)		(500	)		(387	)
Dividends on preferred stock		(197	)		(195	)		(196	)		(192	)
Net income available to common stockholders	$	2,021		$	9,495		$	2,285		$	3,148
Earnings per common share
Basic	$	0.14		$	0.96		$	0.23		$	0.32
Diluted	$	0.14		$	0.91		$	0.23		$	0.32

	Year Ended December 31, 2013
	Fourth			Third			Second			First
(Dollars in thousands)	Quarter			Quarter			Quarter			Quarter
Interest income	$	18,842		$	9,021		$	7,946		$	6,821
Interest expense		1,484			893			803			767
Net interest income		17,358			8,128			7,143			6,054
Provision for loan losses		1,057			1,735			241			379
Net interest income after provision		16,301			6,393			6,902			5,675
Bargain purchase gain		9,014			—			—			—
Other noninterest income		2,508			717			329			445
Noninterest income		11,522			717			329			445
Noninterest expense		14,657			6,547			6,173			5,347
Net income before income taxes		13,166			563			1,058			773
Income tax expense		1,449			211			356			117
Net income		11,717			352			702			656
Income attributable to noncontrolling interests		(220	)		(21	)		(29	)		(597	)
Dividends on preferred stock		(179	)		(95	)		(91	)		(356	)
Net income (loss) available to common stockholders	$	11,318		$	236		$	582		$	(297	)
Earnings (loss) per common share
Basic	$	1.17		$	0.03		$	0.07		$	(0.04	)
Diluted	$	1.12		$	0.03		$	0.07		$	(0.04	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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