Summary of Quarterly Results of Operations (unaudited) (Tables)

9 Months Ended

Sep. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Results of Operations

The following table sets forth the results of operations for the periods indicated, 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.

	2014 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		$	290		$	69	$	203
Discount accretion PCI – other			822			811		984
Discount accretion PNCI			402			624		379
All other loan interest income			23,466			22,929		22,172
Total loan interest income			24,980			24,433		23,738
Debt securities, dividends and interest bearing cash at Banks (not FTE)			4,151			3,985		3,421
Total interest income			29,131			28,418		27,159
Interest expense			1,082			1,075		1,087
Net interest income			28,049			27,343		26,072
(Benefit from) provision for loan losses			(2,977	)		1,708		(1,355	)
Net interest income after provision for loan losses			31,026			25,635		27,427
Noninterest income			8,589			7,877		8,295
Noninterest expense			25,380			25,116		23,317
Income before income taxes			14,235			8,396		12,405
Income tax expense			6,001			3,537		5,040
Net income		$	8,234		$	4,859	$	7,365
Per common share:
Net income (diluted)		$	0.50		$	0.30	$	0.45
Dividends		$	0.11		$	0.11	$	0.11

	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