QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2014

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

18. QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected Consolidated Quarterly Financial Data

2014 Quarter Ended,	March 31,			June 30,			September 30,		December 31,
(In thousands, except per share amounts)
Interest income	$	17,358		$	18,730		$	19,219	$	19,603
Interest expense	1,822			1,915			1,857		1,866
Net interest income	15,536			16,815			17,362		17,737
Provision for loan losses	700			500			500		500
Net interest income after provision for loan losses	14,836			16,315			16,862		17,237
Non-interest income	802		(1)	2,292			2,562		2,510
Non-interest expenses	15,013		(2)	12,124		(3)	12,094		13,183		(4)
Income before income taxes	625			6,483			7,330		6,564
Income tax expense	219			2,165			2,459		2,396
Net income	$	406		$	4,318		$	4,871	$	4,168
Basic earnings per share	$	0.04		$	0.37		$	0.42	$	0.36
Diluted earnings per share	$	0.04		$	0.37		$	0.42	$	0.36
2013 Quarter Ended,	March 31,			June 30,			September 30,		December 31,
(In thousands, except per share amounts)
Interest income	$	13,731		$	14,108		$	14,913	$	15,678
Interest expense	1,803			1,802			1,865		1,802
Net interest income	11,928			12,306			13,048		13,876
Provision for loan losses	550			600			500		700
Net interest income after provision for loan losses	11,378			11,706			12,548		13,176
Non-interest income	2,104			2,468			2,060		2,259
Non-interest expenses	8,908			9,355			9,861		9,813
Income before income taxes	4,574			4,819			4,747		5,622
Income tax expense	1,461			1,567			1,624		2,017
Net income	$	3,113		$	3,252		$	3,123	$	3,605
Basic earnings per share	$	0.35		$	0.36		$	0.34	$	0.32
Diluted earnings per share	$	0.35		$	0.36		$	0.34	$	0.32

(1) Non-interest income includes net securities losses of $1.1 million.

(2) Non-interest expense includes costs associated with the FNBNY acquisition and branch restructuring of $4.4 million.

(3) Non-interest expense includes costs associated with the FNBNY acquisition of $0.3 million.

(4) Non-interest expense includes costs associated with the CNB acquisition of $0.8 million.