Summary of 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):
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2013
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2012
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2013
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2012
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Printing, postage, and supplies
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$
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652
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$
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814
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$
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2,258
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$
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2,020
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Communications expense
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698
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783
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2,070
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2,246
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Technology and data processing
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2,013
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1,744
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5,778
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5,569
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Professional services
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795
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850
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2,183
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2,284
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Marketing and advertising expense
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1,017
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1,241
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3,177
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4,131
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FDIC assessment premiums and other insurance
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759
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593
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2,305
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1,912
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Other taxes
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796
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746
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2,394
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2,262
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Loan related expenses
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906
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489
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1,995
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1,646
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OREO and credit-related expenses(1)
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1,601
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1,035
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3,159
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3,273
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Amortization of core deposit premiums
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921
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1,313
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2,912
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4,048
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Acquisition and conversion costs
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473
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-
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1,393
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-
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Other expenses
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1,600
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1,473
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5,308
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4,284
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Total other operating expenses
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$
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12,231
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$
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11,081
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$
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34,932
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$
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33,675
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(1) OREO related costs include foreclosure related expenses, gains/losses on the sale of OREO, valuation reserves, and asset resolution related legal expenses.
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