Summary of Quarterly Results of Operations

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Results of Operations

Note 30 - Summary of Quarterly Results of Operations (unaudited)

The following table sets forth the results of operations for the four quarters of 2013 and 2012, and is unaudited; however, in the opinion of Management, it reflects all adjustments (which include only normal recurring adjustments) necessary to present fairly the summarized results for such periods.

	2013 Quarters Ended
	December 31,		September 30,			June 30,		March 31,
	(dollars in thousands, except per share data)
Interest and dividend income:
Loans:
Discount accretion PCI – cash basis	$	255	$	140		$	129	$	167
Discount accretion PCI – other		893		898			732		597
Discount accretion PNCI		568		1,115			815		766
All other loan interest income		22,754		22,970			22,207		22,542
Total loan interest income		24,470		25,123			23,883		24,072
Debt securities, dividends and interest bearing cash at Banks (not FTE)		2,992		2,413			1,873		1,734
Total interest income		27,462		27,536			25,756		25,806
Interest expense		1,123		1,169			1,167		1,237
Net interest income		26,339		26,367			24,589		24,569
Provision for (benefit from) loan losses		172		(393	)		614		(1,108	)
Net interest income after provision for loan losses		26,167		26,760			23,975		25,677
Noninterest income		7,353		9,127			10,131		10,218
Noninterest expense		24,878		23,616			23,509		21,601
Income before income taxes		8,642		12,271			10,597		14,294
Income tax expense		3,406		4,910			4,272		5,817
Net income	$	5,236	$	7,361		$	6,325	$	8,477
Per common share:
Net income (diluted)	$	0.32	$	0.45		$	0.39	$	0.53
Dividends	$	0.11	$	0.11		$	0.11	$	0.09

	2012 Quarters Ended
	December 31,		September 30,		June 30,		March 31,
	(dollars in thousands, except per share data)
Interest and dividend income:
Loans:
Discount accretion PCI – cash basis	$	42	$	24	$	108	$	18
Discount accretion PCI – other		979		1,192		886		776
Discount accretion PNCI		841		591		1,391		1,286
All other loan interest income		22,383		23,723		23,407		22,849
Total loan interest income		24,245		25,530		25,792		24,929
Debt securities, dividends and interest bearing cash at Banks (not FTE)		1,898		1,935		2,152		2,235
Total interest income		26,143		27,465		27,944		27,164
Interest expense		1,372		1,834		2,010		2,128
Net interest income		24,771		25,631		25,934		25,036
Provision for loan losses		1,524		532		3,371		3,996
Net interest income after provision for loan losses		23,247		25,099		22,563		21,040
Noninterest income		10,011		9,127		10,577		8,265
Noninterest expense		25,126		25,590		24,367		22,915
Income before income taxes		8,132		8,636		8,773		6,390
Income tax expense		3,410		3,616		3,452		2,459
Net income	$	4,722	$	5,020	$	5,321	$	3,931
Per common share:
Net income (diluted)	$	0.29	$	0.31	$	0.33	$	0.25
Dividends	$	0.09	$	0.09	$	0.09	$	0.09