Summary of Quarterly Statements of Income (Unaudited)

12 Months Ended

Dec. 31, 2014

Selected Quarterly Financial Information [Abstract]

Summary of Quarterly Statements of Income (Unaudited)

SUMMARY OF QUARTERLY STATEMENTS OF INCOME (UNAUDITED)

The following quarterly information is unaudited. However, in the opinion of management, the information reflects all adjustments that are necessary for the fair presentation of the results of operations for the periods presented.

	2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
	(In thousands, except per share data)
Interest income	$	53,645	$	55,180	$	56,629	$	61,807	$	227,261
Interest expense	3,866		3,720		3,561		3,563		14,710
Net interest income	49,779		51,460		53,068		58,244		212,551
Provision for loan losses	1,600		1,500		1,500		1,500		6,100
Noninterest income	13,716		15,801		15,351		18,227		63,095
Operating expenses	42,182		42,425		42,702		52,616		179,925
Income before income taxes	19,713		23,336		24,217		22,355		89,621
Federal income tax expense	5,900		7,100		7,450		7,050		27,500
Net income	$	13,813	$	16,236	$	16,767	$	15,305	$	62,121
Net income per common share:
Basic	$	0.46	$	0.54	$	0.51	$	0.47	$	1.98
Diluted	0.46		0.54		0.51		0.46		1.97
Cash dividends declared per common share	0.23		0.23		0.24		0.24		0.94

	2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
	(In thousands, except per share data)
Interest income	$	52,379	$	52,781	$	53,578	$	55,323	$	214,061
Interest expense	4,727		4,385		4,284		4,018		17,414
Net interest income	47,652		48,396		49,294		51,305		196,647
Provision for loan losses	3,000		3,000		3,000		2,000		11,000
Noninterest income	16,239		15,948		14,644		13,578		60,409
Operating expenses	41,957		41,041		39,545		42,405		164,948
Income before income taxes	18,934		20,303		21,393		20,478		81,108
Federal income tax expense	5,700		6,100		6,400		6,100		24,300
Net income	$	13,234	$	14,203	$	14,993	$	14,378	$	56,808
Net income per common share:
Basic	$	0.48	$	0.52	$	0.54	$	0.48	$	2.02
Diluted	0.48		0.51		0.53		0.48		2.00
Cash dividends declared per common share	0.21		0.21		0.22		0.23		0.87