QUARTERLY FINANCIAL RESULTS (UNAUDITED)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL RESULTS (UNAUDITED)

Note 25 – Quarterly Financial Results (unaudited)

A summary of selected consolidated quarterly financial data for the years ended December 31 is provided in the following tables:

	2013
	First		Second		Third		Fourth
(In thousands, except per share data)	Quarter		Quarter		Quarter		Quarter
Interest income	$	36,279	$	35,779	$	40,180	$	37,109
Interest expense		4,953		4,847		4,874		4,759
Net interest income		31,326		30,932		35,306		32,350
Provision (credit) for loan and lease losses		78		(2,876)		1,128		586
Noninterest income		12,419		12,215		11,223		11,654
Noninterest expense		27,823		27,508		26,893		29,300
Income before income taxes		15,844		18,515		18,508		14,118
Income tax expense		5,286		6,353		6,419		4,505
Net income	$	10,558	$	12,162	$	12,089	$	9,613
Basic net income per share	$	0.42	$	0.49	$	0.48	$	0.38
Diluted net income per share	$	0.42	$	0.49	$	0.48	$	0.38

	2012
	First		Second		Third		Fourth
(In thousands, except per share data)	Quarter		Quarter		Quarter		Quarter
Interest income	$	34,615	$	35,558	$	37,495	$	36,202
Interest expense		5,910		5,749		5,710		5,282
Net interest income		28,705		29,809		31,785		30,920
Provision. for loan and lease losses		664		1,585		232		1,168
Noninterest income		10,974		11,493		12,242		12,247
Noninterest expense		26,683		28,858		27,167		27,219
Income before income taxes		12,332		10,859		16,628		14,780
Income tax expense		3,856		3,652		5,638		4,899
Net income	$	8,476	$	7,207	$	10,990	$	9,881
Basic net income per share	$	0.35	$	0.30	$	0.44	$	0.40
Diluted net income per share	$	0.35	$	0.30	$	0.44	$	0.40