Quarterly Financial Information of Center Bancorp, Inc. (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information of Center Bancorp, Inc. (Unaudited)

Note 21 — Quarterly Financial Information of Center Bancorp, Inc. (Unaudited)

	2013
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
	(Dollars in Thousands, Except per Share Data)
Total interest income	$	14,644	$	14,541	$	13,979	$	14,104
Total interest expense		2,778		2,819		2,751		2,734
Net interest income		11,866		11,722		11,228		11,370
Provision for loan losses		350		—		—		—
Total other income, net of securities     gains		1,307		1,200		1,107		1,526
Net securities gains		449		343		600		319
Other expense		6,459		6,205		6,076		6,538
Income before income taxes		6,813		7,060		6,859		6,677
Provision from income taxes		1,829		1,966		1,936		1,753
Net income	$	4,984	$	5,094	$	4,923	$	4,924
Net income available to common     stockholders	$	4,955	$	5,066	$	4,895	$	4,868
Earnings per share:
Basic	$	0.30	$	0.31	$	0.30	$	0.30
Diluted	$	0.30	$	0.31	$	0.30	$	0.30
Weighted average common shares     outstanding:
Basic		16,350,183		16,349,480		16,348,915		16,348,215
Diluted		16,396,931		16,385,155		16,375,774		16,373,588

	2012
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
	(Dollars in Thousands, Except per Share Data)
Total interest income	$	14,263	$	14,118	$	13,496	$	13,395
Total interest expense		2,841		2,935		2,950		3,050
Net interest income		11,422		11,183		10,546		10,345
Provision for loan losses		100		225		(107)		107
Total other income, net of securities     gains		1,217		1,872		1,091		1,018
Net securities (losses) gains		(201)		763		513		937
Other expense		6,193		7,507		5,690		5,807
Income before income taxes		6,145		6,086		6,567		6,386
Provision from income taxes		1,676		1,632		2,214		2,155
Net income	$	4,469	$	4,454	$	4,353	$	4,231
Net income available to common     stockholders	$	4,441	$	4,426	$	4,269	$	4,090
Earnings per share:
Basic	$	0.27	$	0.27	$	0.26	$	0.25
Diluted	$	0.27	$	0.27	$	0.26	$	0.25
Weighted average common shares     outstanding:
Basic		16,347,564		16,347,088		16,333,653		16,332,327
Diluted		16,363,698		16,362,635		16,341,767		16,338,162