Results of operations on a quarterly basis for the years ended December 31, 2013 and 2012 were as follows (dollars in thousands except for per share data):



	Year Ended December 31, 2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest income	$	44,508	$	45,571	$	45,037	$	44,595
Interest expense	3,540		3,323		3,144		2,988
Net interest income before provision for loan losses	40,968		42,248		41,893		41,607
Provision for loan losses	—		—		—		—
Net interest income	40,968		42,248		41,893		41,607
Other operating income	9,997		10,623		10,142		12,580
Other operating expenses	34,099		35,457		34,490		36,929
Income before provision for income taxes	16,866		17,414		17,545		17,258
Provision for income taxes	5,284		5,661		5,880		5,704
Net income	11,582		11,753		11,665		11,554
Preferred stock dividend	—		—		—		—
Preferred stock discount accretion	—		—		—		—
Gain on repurchase and retirement of preferred stock	—		—		—		—
Net income available to common shareholders	$	11,582	$	11,753	$	11,665	$	11,554
Basic earnings per share	$	0.60	$	0.60	$	0.60	$	0.60
Diluted earnings per share	0.60		0.60		0.60		0.60
Cumulative dividends declared	0.12		0.12		0.15		0.15



	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 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		$	0.81		$	0.69
Diluted earnings per share	0.40		1.27			0.80			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 (loss) before provision for income taxes	(7,842		)	2,199		6,030		5,070
Provision (benefit) for income taxes	—			—		—		—
Net income (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
Gain on repurchase and retirement of preferred stock	—			—		—		—
Net income (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