Summary of Quarterly Financial Data |
Summarized quarterly
financial data is shown in the following tables:
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Quarter Ended |
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March 31 |
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June 30 |
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September 30 |
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December 31 |
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(In Thousands, Except Per Share
Data) |
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2012:
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Interest and Dividend
Income
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$ |
30,294 |
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$ |
29,965 |
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$ |
29,402 |
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$ |
30,139 |
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Interest Expense
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5,761 |
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4,793 |
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4,483 |
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3,708 |
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Net Interest Income Before Provision
for Credit Losses
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24,533 |
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25,172 |
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24,919 |
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26,431 |
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Provision for Credit
Losses
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2,000 |
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4,000 |
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— |
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— |
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Non-Interest Income
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3,633 |
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7,189 |
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6,520 |
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7,470 |
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Non-Interest Expense
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18,746 |
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19,763 |
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18,804 |
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19,548 |
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Income Before Provision (Benefit) for
Income Taxes
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7,420 |
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8,598 |
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12,635 |
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|
14,353 |
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Provision (Benefit) for Income
Taxes
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79 |
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(47,177 |
) |
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(644 |
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374 |
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NET INCOME
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$ |
7,341 |
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$ |
55,775 |
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$ |
13,279 |
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$ |
13,979 |
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EARNINGS PER SHARE:
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Basic
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$ |
0.23 |
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$ |
1.77 |
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$ |
0.42 |
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$ |
0.44 |
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Diluted
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$ |
0.23 |
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$ |
1.77 |
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$ |
0.42 |
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$ |
0.44 |
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2011:
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Interest and Dividend
Income
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$ |
33,875 |
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$ |
32,618 |
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$ |
31,674 |
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$ |
30,640 |
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Interest Expense
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7,766 |
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7,143 |
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6,515 |
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6,206 |
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Net Interest Income Before Provision
for Credit Losses
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26,109 |
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25,475 |
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25,159 |
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24,434 |
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Provision for Credit
Losses
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— |
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— |
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8,100 |
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4,000 |
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Non-Interest Income
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5,508 |
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6,017 |
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5,978 |
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6,348 |
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Non-Interest Expense
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21,061 |
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22,886 |
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18,852 |
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21,249 |
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Income Before Provision (Benefit) for
Income Taxes
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10,556 |
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8,606 |
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4,185 |
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5,533 |
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Provision (Benefit) for Income
Taxes
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|
119 |
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|
605 |
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(18 |
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27 |
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NET INCOME
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$ |
10,437 |
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$ |
8,001 |
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$ |
4,203 |
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$ |
5,506 |
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EARNINGS PER SHARE:
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Basic
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$ |
0.55 |
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$ |
0.42 |
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$ |
0.22 |
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$ |
0.22 |
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Diluted
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$ |
0.55 |
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$ |
0.42 |
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$ |
0.22 |
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$ |
0.22 |
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