Results of operations on a quarterly basis for the years ended December 31, 2012 and 2011 were as follows (dollars in thousands except for per share data):



	Year Ended December 31, 2012
	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
Interest income	$	47,198	$	47,265		$	47,174		$	45,525
Interest expense	6,072		4,975			4,476			3,991
Net interest income before provision for loan losses	41,126		42,290			42,698			41,534
Provision for loan losses	5,000		4,000			3,000			1,000
Net interest income	36,126		38,290			39,698			40,534
Other operating income	10,971		(9,064		)	11,684			13,311
Other operating expenses	37,913		35,666			33,355			34,519
Income (loss) before provision for income taxes	9,184		(6,440		)	18,027			19,326
Provision (benefit) for income taxes	—		(31,830		)	2,407			4,638
Net income	9,184		25,390			15,620			14,688
Preferred stock dividend	1,550		1,550			1,227			611
Preferred stock discount accretion	454		454			1,216			1,174
Gain on repurchase and retirement of preferred stock	—		—			(2,070		)	(401		)
Net income available to common shareholders	$	7,180	$	23,386		$	15,247		$	13,304
Basic earnings per share	$	0.40	$	1.27		$	0.80		$	0.69
Diluted earnings per share	0.40		1.27			0.79			0.69
Cumulative dividends declared	0.01		0.01			0.01			0.01



	Year Ended December 31, 2011
	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Interest income	$	49,663		$	49,888	$	49,561	$	48,451
Interest expense	9,607			8,687		7,833		6,865
Net interest income before provision for loan losses	40,056			41,201		41,728		41,586
Provision for loan losses	17,000			8,000		5,000		5,000
Net interest income	23,056			33,201		36,728		36,586
Other operating income	7,246			9,253		10,340		7,151
Other operating expenses	38,144			40,255		41,038		38,667
Income before provision for income taxes	(7,842		)	2,199		6,030		5,070
Provision (benefit) for income taxes	—			—		—		—
Net loss	(7,842		)	2,199		6,030		5,070
Preferred stock dividend	1,550			1,550		1,550		1,550
Preferred stock discount accretion	426			425		425		425
Net loss available to common shareholders	$	(9,818	)	$	224	$	4,055	$	3,095
Basic earnings (loss) per share	$	(0.61	)	$	0.01	$	0.24	$	0.18
Diluted earnings (loss) per share	(0.61		)	0.01		0.24		0.18
Cumulative dividends declared	0.07			0.01		0.01		0.01



	Year Ended December 31, 2010
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Interest income	$	55,970		$	55,634		$	54,250		$	52,228
Interest expense	17,820			16,693			14,328			11,471
Net interest income before provision for loan losses	38,150			38,941			39,922			40,757
Provision for loan losses	14,000			16,000			20,000			20,000
Net interest income	24,150			22,941			19,922			20,757
Other operating income	7,724			6,186			7,652			7,586
Other operating expenses	35,415			38,024			46,328			41,034
Income before provision for income taxes	(3,541		)	(8,897		)	(18,754		)	(12,691		)
Provision (benefit) for income taxes	(2,024		)	(3,951		)	23,988			—
Net loss	(1,517		)	(4,946		)	(42,742		)	(12,691		)
Preferred stock dividend	1,550			1,550			1,550			1,550
Preferred stock discount accretion	398			399			398			398
Net loss available to common shareholders	$	(3,465	)	$	(6,895	)	$	(44,690	)	$	(14,639	)
Basic earnings (loss) per share	$	(1.12	)	$	(1.96	)	$	(2.80	)	$	(0.91	)
Diluted earnings (loss) per share	(1.12		)	(1.96		)	(2.80		)	(0.91		)
Cumulative dividends declared	0.07			0.07			0.07			0.07