Quarterly report pursuant to Section 13 or 15(d)

OTHER OPERATING EXPENSES

v2.4.0.8
OTHER OPERATING EXPENSES
9 Months Ended
Sep. 30, 2013
OTHER OPERATING EXPENSES [Abstract]  
OTHER OPERATING EXPENSES

 

 

13.OTHER OPERATING EXPENSES

 

The following table presents the consolidated statement of income line “Other Operating Expenses” broken into greater detail for the three and nine months ended September 30, 2013 and 2012, respectively (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

 

2013

 

2012

 

2013

 

2012

Printing, postage, and supplies

$

652 

 

$

814 

 

$

2,258 

 

$

2,020 

Communications expense

 

698 

 

 

783 

 

 

2,070 

 

 

2,246 

Technology and data processing

 

2,013 

 

 

1,744 

 

 

5,778 

 

 

5,569 

Professional services

 

795 

 

 

850 

 

 

2,183 

 

 

2,284 

Marketing and advertising expense

 

1,017 

 

 

1,241 

 

 

3,177 

 

 

4,131 

FDIC assessment premiums and other insurance

 

759 

 

 

593 

 

 

2,305 

 

 

1,912 

Other taxes

 

796 

 

 

746 

 

 

2,394 

 

 

2,262 

Loan related expenses

 

906 

 

 

489 

 

 

1,995 

 

 

1,646 

OREO and credit-related expenses(1)

 

1,601 

 

 

1,035 

 

 

3,159 

 

 

3,273 

Amortization of core deposit premiums

 

921 

 

 

1,313 

 

 

2,912 

 

 

4,048 

Acquisition and conversion costs

 

473 

 

 

 -

 

 

1,393 

 

 

 -

Other expenses

 

1,600 

 

 

1,473 

 

 

5,308 

 

 

4,284 

Total other operating expenses

$

12,231 

 

$

11,081 

 

$

34,932 

 

$

33,675 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) OREO related costs include foreclosure related expenses, gains/losses on the sale of OREO, valuation reserves, and asset resolution related legal expenses.