Quarterly Financial Data Unaudited

12 Months Ended

Dec. 31, 2011

NOTE V--QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly financial data for 2011 and 2010 is summarized below (dollars in thousands, except for per share data):


	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2011
Interest income		$ 73,857		$ 72,435		$ 84,701		$ 85,529
Interest expense		14,494		13,814		13,949		13,537
Net interest income		59,363		58,621		70,752		71,992
Provision for credit losses		4,436		4,800		3,637		4,268
Mortgage banking income		234		131		205		382
Securities losses, net		(1,559)		(3,466)		(7,477)		(6,336)
Other noninterest income		15,976		16,669		18,250		17,828
Noninterest expense		43,469		41,677		48,873		50,029
Income taxes		8,224		8,026		9,204		9,312
Net income ⁽¹⁾		17,885		17,452		20,016		20,257

Per share data:
Average shares outstanding (000s):
Basic		43,629		43,646		49,628		50,207
Diluted		43,700		43,676		49,636		50,236
Net income per share:
Basic		$0.41		$0.40		$0.40		$0.40
Diluted		$0.41		$0.40		$0.40		$0.40
Dividends per share		$0.30		$0.30		$0.30		$0.31

	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2010
Interest income		$84,096		$82,189		$79,889		$77,208
Interest expense		23,617		22,025		20,907		18,647
Net interest income		60,479		60,164		58,982		58,561
Provision for credit losses		6,868		6,400		6,123		(5,618)
Mortgage banking income		112		129		118		303
Securities losses, net		(378)		(300)		(1,732)		(5,399)
Other noninterest income		15,839		17,755		17,304		18,452
Noninterest expense		43,751		45,188		43,898		49,375
Income taxes		8,011		8,241		7,335		8,870
Net income ⁽¹⁾		17,422		17,919		17,316		19,290

Per share data:
Average shares outstanding (000s):
Basic		43,455		43,540		43,588		43,607
Diluted		43,534		43,641		43,646		43,677
Net income per share:
Basic		$0.40		$0.41		$0.40		$0.44
Diluted		$0.40		$0.41		$0.40		$0.44
Dividends per share		$0.30		$0.30		$0.30		$0.30

⁽¹⁾	For further information, see the related discussion "Quarterly Results" included in Management's Discussion and Analysis.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details