Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

NOTE V--QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly financial data for 2013 and 2012 is summarized below (dollars in thousands, except for per share data):


	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2013
Interest income		$76,325		$75,485		$76,705		$77,639
Interest expense		9,503		9,282		9,075		8,453
Net interest income		66,822		66,203		67,630		69,186
Provision for credit losses		5,187		4,960		4,777		4,343
Mortgage banking income		965		739		605		262
Securities (losses) gains, net		(694)		211		101		(5,427)
Other noninterest income		18,077		18,149		17,629		17,211
Noninterest expense		48,249		48,547		48,585		47,977
Income taxes		10,155		9,576		10,433		9,252
Net income ⁽¹⁾		21,579		22,219		22,170		19,660

Per share data:
Average shares outstanding (000s):
Basic		50,302		50,346		50,379		50,417
Diluted		50,332		50,402		50,473		50,564
Net income per share:
Basic		$0.43		$0.44		$0.44		$0.39
Diluted		$0.43		$0.44		$0.44		$0.39
Dividends per share		$0.31		$0.31		$0.31		$0.32


	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2012
Interest income		$81,788		$81,105		$81,336		$79,668
Interest expense		12,822		12,050		11,322		9,996
Net interest income		68,966		69,055		70,014		69,672
Provision for credit losses		4,133		3,436		4,346		5,947
Mortgage banking income		318		483		819		851
Securities losses, net		(1,459)		(1,543)		(2,188)		(1,740)
Other noninterest income		17,467		17,647		18,003		17,634
Noninterest expense		50,262		51,252		53,869		49,273
Income taxes		9,887		9,905		9,099		9,983
Net income ⁽¹⁾		21,010		21,049		19,334		21,214

Per share data:
Average shares outstanding (000s):
Basic		50,235		50,275		50,276		50,276
Diluted		50,301		50,308		50,295		50,295
Net income per share:
Basic		$0.42		$0.42		$0.38		$0.42
Diluted		$0.42		$0.42		$0.38		$0.42
Dividends per share		$0.31		$0.31		$0.31		$0.31

⁽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.

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