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UNAUDITED QUARTERLY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2012
UNAUDITED QUARTERLY FINANCIAL INFORMATION  
Schedule of unaudited quarterly financial information

 

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Full Year

 

 

 

(Dollars in thousands, except per share data)

 

2012:

 

 

 

 

 

 

 

 

 

 

 

Total interest income

 

$

32,903

 

$

32,479

 

$

31,674

 

$

31,389

 

$

128,445

 

Total interest expense

 

2,401

 

2,220

 

2,114

 

1,999

 

8,734

 

Net interest income

 

30,502

 

30,259

 

29,560

 

29,390

 

119,711

 

Credit for loan and lease losses

 

(4,990

)

(6,630

)

(4,982

)

(2,283

)

(18,885

)

Net interest income after credit for loan and lease losses

 

35,492

 

36,889

 

34,542

 

31,673

 

138,596

 

Investment securities gains

 

 

 

789

 

 

789

 

Income before income taxes

 

13,478

 

10,812

 

10,721

 

12,410

 

47,421

 

Net income

 

13,478

 

10,812

 

10,721

 

12,410

 

47,421

 

Basic earnings per share

 

0.32

 

0.26

 

0.26

 

0.30

 

1.14

 

Diluted earnings per share

 

0.32

 

0.26

 

0.26

 

0.29

 

1.13

 

 

 

 

 

 

 

 

 

 

 

 

 

2011:

 

 

 

 

 

 

 

 

 

 

 

Total interest income

 

$

34,363

 

$

34,184

 

$

34,330

 

$

33,573

 

$

136,450

 

Total interest expense

 

6,162

 

5,205

 

4,501

 

2,761

 

18,629

 

Net interest income

 

28,201

 

28,979

 

29,829

 

30,812

 

117,821

 

Credit for loan and lease losses

 

(1,575

)

(8,784

)

(19,116

)

(11,215

)

(40,690

)

Net interest income after credit for loan and lease losses

 

29,776

 

37,763

 

48,945

 

42,027

 

158,511

 

Investment securities gains

 

 

261

 

 

1,045

 

1,306

 

Income before income taxes

 

4,639

 

8,211

 

11,626

 

12,095

 

36,571

 

Net income

 

4,639

 

8,211

 

11,626

 

12,095

 

36,571

 

Basic earnings per share

 

4.59

 

0.20

 

0.28

 

0.29

 

3.36

 

Diluted earnings per share

 

4.58

 

0.20

 

0.28

 

0.29

 

3.31