SCBT Reports Record Operating Results for 4Q 2012 of $0.72 per share; Declares Quarterly Cash Dividend

  SCBT Reports Record Operating Results for 4Q 2012 of $0.72 per share;
  Declares Quarterly Cash Dividend

Business Wire

COLUMBIA, S.C. -- January 31, 2013

SCBT Financial Corporation (NASDAQ: SCBT), the holding company for SCBT, today
released its unaudited results of operations and other financial information
for the three-month period and year ended December 31, 2012. Highlights during
2012 include:

  *Net income of $5.9 million, or $0.38 diluted EPS, which includes
    merger-related charges and securities gains, in 4Q 2012 compared to $9.1
    million, or $0.60 diluted EPS in 3Q 2012 and $4.8 million, or $0.35
    diluted EPS, in 4Q 2011;
  *Diluted EPS for 2012 was up 23.8% compared to 2011, operating diluted EPS
    for 2012 was up 137.1% compared to 2011;
  *Operating earnings, which excludes merger-related expense and securities
    gains or losses, of $11.1 million, or $0.72 diluted EPS in 4Q 2012
    compared to $9.4 million, or $0.63 diluted EPS in 3Q 2012 and $5.2
    million, or $0.37 diluted EPS in 4Q 2011;
  *Completed the merger of The Savannah Bancorp, Inc. (Savannah) during the
    quarter;
  *Core deposit growth, excluding CDs and the Peoples and Savannah
    acquisitions, up $64.1 million in the 4Q 2012; 10.5% annualized growth for
    4Q 2012;
  *Non-interest bearing deposits are approaching $1.0 billion with the
    acquisition of Savannah;
  *Operating return on average assets was 0.98% annualized in 4Q 2012
    compared to 0.87% in 3Q 2012 and 0.52% in 4Q 2011;
  *Operating efficiency ratio was 62.8% annualized in 4Q 2012 compared to
    59.0% in 3Q 2012 and compared to 62.4% in 4Q 2011;
  *Net charge-offs of non-acquired loans decreased to 0.64% annualized for 4Q
    ^  2012, compared to 0.85% annualized for 3Q 2012 and 1.08% annualized for
    4Q 2011;
  *Non-performing Assets (NPAs): 1.58% of total assets for 4Q 2012 compared
    to 1.89% for 3Q 2012 and 2.44% for 4Q 2011; 3.13% of loans and repossessed
    assets, excluding acquired assets, for 4Q 2012 compared to 3.22% for 3Q
    2012 and 3.82% for 4Q 2011; and
  *Legacy loan growth for the 4Q 2012 was $53.7 million or 8.5% annualized
    and for the year legacy loan growth was $100.4 million or 4.1%.

Quarterly Cash Dividend

The Board of Directors of SCBT has declared a quarterly cash dividend of $0.18
per share payable on its common stock. This per share amount is equal to the
dividend paid in the immediately preceding quarter and is $0.01 per share, or
5.9%, higher than a year ago. The dividend will be payable on February 22,
2013 to shareholders of record as of February 15, 2013.

Fourth Quarter 2012 vs. 2011 Results of Operations

Please refer to the accompanying tables for detailed comparative data on
results of operations and financial results.

The Company reported consolidated net income of $5.9 million, or $0.38 per
diluted share, for the three months ended December 31, 2012 compared to
consolidated net income of $4.8 million, or $0.35 per diluted share, for the
fourth quarter of 2011. This $1.1 million increase was the net result of
improved net interest income, reduced provision for loan losses, and increases
in all categories of customer-oriented noninterest income. The increases were
offset by non-interest expense increases which are primarily due to
merger-related expenses from the Savannah acquisition and salary and benefits
expense increases.

“The performance of SCBT in 2012 was very satisfying. Our total shareholder
return during the year was 41%, which included an increased quarterly dividend
of 5.9%,” said Robert R. Hill, Jr., president and CEO. “While we certainly are
pleased with the stock performance, we are most pleased with the strong
operating fundamentals and opportunities that are driving this performance. It
was a year with substantially improved credit quality, a stable margin, very
strong fee income, record operating earnings, and strong organic and merger
growth within our balance sheet, which totaled 31.8%. One of the most
revealing strengths of our company is our strong balance sheet anchored by
almost $1.0 billion in noninterest bearing deposits. Our organic growth,
significant new customer growth, and merging with banks that have a strong
legacy in their markets and strong customer base, are the reasons for success
in this area. Our earnings per share increased 23.8% for the year and
operating earnings, which excludes merger related expenses, increased to a
record $2.49 per share, an increase of 137%. Even with this performance, our
operating return on average assets was 0.98% and operating return on average
equity was 9.8%. We believe that both measures have room to improve, and we
have the momentum to realize this increase in the coming quarters.”

Asset Quality

During the fourth quarter of 2012, SCBT experienced significant improvement in
asset quality, excluding acquired loans and OREO, as classified assets
declined by more than $14.3 million, or 36.4% annualized from the third
quarter of 2012. Loans past due 30-89 days declined by $2.1 million from the
third quarter to $7.2 million. We continue to see meaningful improvement in
the trailing average of historical loan losses as the high charge-off quarters
from prior periods are being replaced with much lower current loss rates.
Nonperforming assets to total assets declined to 1.58% primarily due to the
increase in assets from the Savannah acquisition. NPAs, excluding acquired
NPAs, declined modestly by $650,000 from the third quarter level. Improvements
in asset quality continue as we experience improvement in housing starts
(permits), home sales, and lower unemployment rates.

At December 31, 2012, the allowance for non-acquired loan losses was $44.4
million, or 1.73% of non-acquired period-end loans. The current allowance for
loan losses provides .72 times coverage of period-end non-acquired
nonperforming loans. Net charge-offs within the non-acquired loan portfolio
decreased to $4.1 million, or 0.64% annualized from $5.3 million, or 0.85%
annualized in the third quarter of 2012, and from $6.7 million, or 1.08%
annualized in the fourth quarter of 2011.

Non-acquired other real estate owned (“OREO”) decreased by $3.4 million from
the 3^rd quarter of 2012 and increased by $1.0 million from the fourth quarter
of 2011. During the fourth quarter, the Company wrote down 10 properties by a
total of $765,000 compared to 12 properties and $2.1 million in write downs in
the third quarter of 2012, and 26 properties and $2.3 million in write downs
during the fourth quarter of 2011.

Net Interest Income and Margin

Non-taxable equivalent net interest income was $47.9 million for the fourth
quarter of 2012, a $1.0 million increase from the third quarter, resulting
from the following:

1. Higher balance of average acquired loans (up $81.5 million) and along with
credit releases totaling $6.6 million resulted in an increase of $650,000 of
interest income on acquired loans; and

2. A decrease of $275,000 in the company’s overall cost of funds.

Taxable-equivalent net interest margin increased 10 basis points from the
fourth quarter of 2011 and decreased 15 basis points from the third quarter of
2012 to 4.88%. The average yield on interest earning assets decreased 17 basis
points while the average rate on interest-bearing liabilities declined 24
basis points from the fourth quarter of 2011. During the fourth quarter of
2012, average total assets increased to $4.5 billion and average earning
assets increased to almost $4.0 billion. This growth in average total assets
was supported by growth in average total deposits to $3.7 billion. At December
31, 2012, non-interest bearing deposits were nearly $1.0 billion.

Noninterest Income and Expense

Noninterest income was $10.9 million for the fourth quarter of 2012 compared
to $9.7 million for the fourth quarter of 2011, an increase of $1.2 million,
or 12.8%, due primarily to mortgage banking income which increased $2.3
million due to the impact of continued low interest rate environment on the
home mortgage market. All other noninterest income categories (excluding
negative accretion on the indemnification asset and securities gains (losses))
were up a total $2.3 million. The negative accretion on the indemnification
asset related to all FDIC-assisted transactions offset these increases by $3.5
million. The negative accretion results from the reduction of expected cash
flows of this asset related to certain pools of acquired loans which had
improved estimated cash flows throughout the year.

Compared to the third quarter of 2012, noninterest income was up a total of
$1.6 million, excluding securities gains (losses). This increase was led by
the following: (1) mortgage banking income increased $688,000, for the reason
noted above; (2) trust and investment services income was up $167,000; and (3)
service charges on deposit accounts were up $144,000. Other income was up
$436,000, due primarily to higher recoveries related to acquired loans.

Noninterest expense was $48.1 million in the fourth quarter of 2012, a 31.7%
or $11.6 million increase from $36.5 million in the fourth quarter of 2011.
This increase was the result of increased merger- related charges incurred for
the Savannah acquisition of $7.1 million, and an increase in salaries and
benefits which increased $4.4 million, or 26.1%. The increase in salary and
employee benefits resulted primarily from the addition of new FTEs largely
related to the two acquisitions completed during the year.

Compared to the third quarter of 2012, noninterest expense increased by $10.1
million. The increase resulted from merger-related expenses, which increased
due to the Savannah acquisition by $7.0 million; and increased salary and
benefits of $2.7 million. The increase in salary and benefits primarily
resulted from new FTEs (hired in support areas), incremental addition from the
Savannah acquisition, increases in incentive accruals, and increase in the
match of 401(k) beginning September 1, 2012. OREO expense and loan related
costs declined $730,000, which was mostly offset by an increase in other
expenses of $670,000, which included higher property taxes, higher operational
charge offs, secondary mortgage repurchase cost, and higher appraisal cost.

Balance Sheet and Capital

At the end of the year, SCBT’s total assets were $5.1 billion, up from $4.3
billion at September 30, 2012, and from $3.9 billion at December 31, 2011. The
increase during the quarter is the result of the Savannah acquisition and
$53.7 million in legacy loan growth. Since the end of 2011, The Company’s
balance sheet has grown by more than 31%. Asset growth is evident in every
line item, except OREO and FDIC receivable for loss share agreements, given
the two acquisitions. During the fourth quarter of 2012, the company executed
an auction of approximately 175 properties in north Georgia. With the sale of
970 OREO assets during 2012, our legacy and acquired OREO balance declined
from $83.9 million last year to $66.5 million at December 31, 2012. The
inventory of these assets has declined to 432 properties from 900 properties
at December 31, 2011. In addition, the balance in the FDIC receivable account
has decreased by $116.5 million from December 31, 2011, to $146.2 million at
December 31, 2012. We expect to collect approximately $14.0 million during the
first quarter of 2013 for claims filed through December 31, 2012. During the
quarter and with the acquisition of Savannah, the Company moved to a deferred
tax asset position of more than $30.0 million compared to last quarter and
year end 2011 when we were in a deferred tax liability position.

The Company’s book value per share increased to $29.97 per share at December
31, 2012, compared to $28.71 at September 30, 2012. Capital increased by $73.6
million due primarily to the issuance of 1.802 million shares of common stock
in the acquisition of Savannah which totaled $68.8 million. Net income of $5.9
million was offset by $2.7 million in dividends paid to our shareholders, and
other capital activity of $1.6 million increased shareholders’ equity.
Tangible book value (“TBV”) per share decreased by $0.92 per share to $22.54
at December 31, 2012 from $23.46 at September 30, 2012 due to the Savannah
acquisition.

The total risk-based capital ratio is estimated to have declined by 130 basis
points from the third quarter of 2012 to 13.9%, due primarily to the addition
of the Savannah acquisition and the increase in total risk-weighted assets
relative to the increase in total risk-based capital. Tier 1 leverage ratio
increased to 9.8% from 9.3% at September 30, 2012. The increase for the
quarter was the result of closing the Savannah acquisition, and only
incrementally increasing total average assets while capital increased by $73.6
million. The capital ratio will decline in the first quarter of 2013 as the
average balance sheet will increase for the Savannah acquisition. The
Company’s capital positions remain “well-capitalized” by all measures at
December 31, 2012.

“During 2012, we closed on two strategic acquisitions which have grown our
asset base to more than $5.1 billion. Our net interest margin remains strong
at 4.88% compared to 5.03% last quarter. OREO costs remain elevated, but
declined this quarter by $730,000 compared to last quarter,” said John C.
Pollok, CFO and COO. “We expect to have the conversion of the Savannah
branches fully integrated onto our operating system by the end of the first
quarter of 2013.”

SCBT Financial Corporation (the “Company”), Columbia, South Carolina is a
registered bank holding company incorporated under the laws of South Carolina.
The Company consists of SCBT, the Bank and the following divisions: NCBT, CBT,
The Savannah Bank, Bryan Bank & Trust, and Minis & Co., Inc. Providing
financial services for over 78 years, SCBT Financial Corporation operates 84
locations in 19 South Carolina counties, 10 North Georgia counties, 2 Coastal
Georgia counties and Mecklenburg County in North Carolina. SCBT Financial
Corporation has assets of approximately $5.1 billion and its stock is traded
under the symbol SCBT in the NASDAQ Global Select Market. More information can
be found at www.SCBTonline.com.

SCBT Financial Corporation will hold a conference call on January 31st at 11
a.m. Eastern Time where management will review earnings and performance
trends. Callers wishing to participate may call toll-free by dialing
866-652-5200. The number for international participants is 412-317-6060. The
conference ID number is 10021959. Participants can also listen to the live
audio webcast through the Investor Relations section of www.SCBTonline.com. A
replay will be available beginning January 31st by 2:00 pm Eastern Time until
9:00 a.m. on February 15th. To listen to the replay, dial 877-344-7529 or
412-317-0088. The passcode is 10021959.

Non-GAAP Measures

Statements included in this press release include non-GAAP measures and should
be read along with the accompanying tables which provide a reconciliation of
non-GAAP measures to GAAP measures. Management believes that these non-GAAP
measures provide additional useful information. Non-GAAP measures should not
be considered as an alternative to any measure of performance or financial
condition as promulgated under GAAP, and investors should consider the
company's performance and financial condition as reported under GAAP and all
other relevant information when assessing the performance or financial
condition of the company. Non-GAAP measures have limitations as analytical
tools, and investors should not consider them in isolation or as a substitute
for analysis of the company's results or financial condition as reported under
GAAP.

Cautionary Statement Regarding Forward Looking Statements

Statements included in this press release which are not historical in nature
are intended to be, and are hereby identified as, forward looking statements
for purposes of the safe harbor provided by Section 21E of the Securities
Exchange Act of 1934. Forward looking statements generally include words such
as “expects,” “projects,” “anticipates,” “believes,” “intends,” “estimates,”
“strategy,” “plan,” “potential,” “possible” and other similar expressions.
SCBT Financial Corporation (“SCBT”) cautions readers that forward looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from anticipated results. Such risks and
uncertainties, include, among others, the following possibilities: (1) credit
risk associated with an obligor's failure to meet the terms of any contract
with the bank or otherwise fail to perform as agreed; (2) interest risk
involving the effect of a change in interest rates on both the bank's earnings
and the market value of the portfolio equity; (3) liquidity risk affecting the
bank's ability to meet its obligations when they come due; (4) price risk
focusing on changes in market factors that may affect the value of traded
instruments in "mark-to-market" portfolios; (5) transaction risk arising from
problems with service or product delivery; (6) compliance risk involving risk
to earnings or capital resulting from violations of or nonconformance with
laws, rules, regulations, prescribed practices, or ethical standards; (7)
strategic risk resulting from adverse business decisions or improper
implementation of business decisions; (8) reputation risk that adversely
affects earnings or capital arising from negative public opinion; (9)
terrorist activities risk that results in loss of consumer confidence and
economic disruptions; (10) economic downturn risk resulting in deterioration
in the credit markets; (11) greater than expected noninterest expenses; (12)
excessive loan losses; (13) failure to realize synergies and other financial
benefits from, and to limit liabilities associates with, mergers and
acquisitions, including mergers with Peoples Bancorporation (“Peoples”) and
The Savannah Bancorp, Inc. (“Savannah”), within the expected time frame; (14)
potential deposit attrition, higher than expected costs, customer loss and
business disruption associated with the integration of Peoples and Savannah,
including, without limitation, potential difficulties in maintaining
relationships with key personnel and other integration related-matters; (15)
inability to identify and successfully negotiate and complete additional
combinations with potential merger or acquisition partners or to successfully
integrate such businesses into SCBT, including the ability to realize the
benefits and cost savings from, and limit any unexpected liabilities
associated with, any such business combinations; (16) the risks of
fluctuations in market prices for SCBT stock that may or may not reflect
economic condition or performance of SCBT; (17) the payment of dividends on
SCBT is subject to regulatory supervision as well as the discretion of the
SCBT board of directors; (18) risks and uncertainties disclosed in the section
titled “Risk Factors” in the SCBT Annual Report on Form 10-K or disclosed in
other reports filed from time to time by SCBT with the SEC; and (19) other
factors, which could cause actual results to differ materially from future
results expressed or implied by such forward looking statements.

SCBT Financial Corporation
(Unaudited)
(Dollars in thousands, except per share data)
                                                                                                                                               
                                                                                                         Fourth
                    Three Months Ended                                                                   Quarter     Twelve Months Ended                YTD
                    December 31,     September 30,    June 30,         March 31,        December 31,     2012 -      December 31,                       2012 -
                                                                                                         2011                                           2011
EARNINGS SUMMARY                                                                                                                                        %
(non tax            2012             2012             2012             2012             2011             % Change    2012            2011              Change
equivalent)
Interest income     $ 50,263         $ 49,535         $ 45,470         $ 42,220         $ 43,825         14.7   %    $ 187,488        $ 171,718         9.2   %
Interest expense     2,351          2,625          2,936          3,182          3,900         -39.7  %     11,094        20,266         -45.3 %
Net interest income   47,912           46,910           42,534           39,038           39,925         20.0   %      176,394          151,452         16.5  %
Provision for loan    2,211            4,044            4,641            2,723            7,057          -68.7  %      13,619           30,236          -55.0 %
losses (1)
Noninterest income    10,900           9,166            11,744           9,473            9,663          12.8   %      41,283           55,119          -25.1 %
Noninterest expense  48,139         38,031         37,509         35,219         36,550        31.7   %     158,898       142,978        11.1  %
Income before
provision for         8,462            14,001           12,128           10,569           5,981          41.5   %      45,160           33,357          35.4  %
income taxes
Provision for        2,552          4,938          4,097          3,541          1,154         121.1  %     15,128        10,762         40.6  %
income taxes
Net income          $ 5,910         $ 9,063         $ 8,031         $ 7,028         $ 4,826         22.5   %    $ 30,032        $ 22,595         32.9  %
                                                                                                                                                        
Basic
weighted-average      15,320,472       14,920,423       14,650,914       13,882,801       13,845,444     10.7   %      14,698,236       13,676,743      7.5   %
common shares
Diluted
weighted-average      15,446,778       15,043,067       14,733,325       13,951,290       13,914,814     11.0   %      14,795,722       13,750,973      7.6   %
common shares
                                                                                                                                                        
Earnings per share  $ 0.39           $ 0.61           $ 0.55           $ 0.51           $ 0.35           11.4   %    $ 2.06           $ 1.65            24.8  %
- Basic
Earnings per share    0.38             0.60             0.55             0.50             0.35           8.6    %      2.03             1.64            23.8  %
- Diluted
                                                                                                                                                        
Cash dividends      $ 0.18           $ 0.17           $ 0.17           $ 0.17           $ 0.17           5.9    %    $ 0.69           $ 0.68            1.5   %
declared per share
Dividend payout       46.06      %     28.34      %     31.93      %     34.00      %     49.39      %   -6.8   %      34.11      %     42.11      %    -19.0 %
ratio (2)
                                                                                                                                                        
Operating Earnings
(non-GAAP) (3)
Net income (GAAP)   $ 5,910          $ 9,063          $ 8,031          $ 7,028          $ 4,826          22.5   %    $ 30,032         $ 22,595          32.9  %
Gains on
acquisitions, net     --               --               --               --               --                           --               (10,226    )
of tax
Securities (gains)    (89        )     --               (40        )     --               20                           (130       )     (141       )
losses, net of tax
Merger and
conversion related   5,274          357            1,323          64             327           1512.7 %     7,018          2,217      
expense, net of tax
Net operating
earnings (loss)     $ 11,095        $ 9,420         $ 9,314         $ 7,092         $ 5,173         114.5  %    $ 36,920        $ 14,445         155.6 %
(non-GAAP)
                                                                                                                                                        
Operating earnings
(loss) per share -  $ 0.72           $ 0.63           $ 0.64           $ 0.51           $ 0.37           94.6   %    $ 2.50           $ 1.06            135.8 %
Basic
Operating earnings
(loss) per share -    0.72             0.63             0.63             0.51             0.37           94.6   %      2.49             1.05            137.1 %
Diluted
                                                                                                                                                        
                                                                                                         Fourth
                    AVERAGE for Quarter Ended                                                            Quarter     AVERAGE for Twelve Months          YTD
                    December 31,     September 30,    June 30,         March 31,        December 31,     2012 -      December 31,     December 31,      2012 -
                                                                                                         2011                                           2011
BALANCE SHEET       2012             2012             2012             2012             2011             % Change    2012             2011              %
HIGHLIGHTS                                                                                                                                              Change
Loans held for sale $ 60,183         $ 56,300         $ 29,604         $ 34,073         $ 52,743         14.1   %    $ 45,112         $ 26,760          68.6  %
Acquired loans, net
of allowance for      582,726          501,214          484,084          357,668          386,713        50.7   %      481,754          379,678         26.9  %
acquired loan
losses
Non-acquired loans    2,528,753        2,497,478        2,456,069        2,456,080        2,467,363      2.5    %      2,484,751        2,397,821       3.6   %
Total loans (1)       3,111,479        2,998,692        2,940,153        2,813,748        2,854,076      9.0    %      2,966,505        2,777,499       6.8   %
FDIC receivable for
loss share            162,580          194,116          219,183          246,556          267,904        -39.3  %      205,460          278,164         -26.1 %
agreements
Total investment      510,434          501,816          468,334          324,473          317,939        60.5   %      451,563          277,192         62.9  %
securities
Intangible assets     87,372           79,857           79,583           74,089           74,601         17.1   %      80,204           74,425          7.8   %
Earning assets        3,972,280        3,766,889        3,703,552        3,371,704        3,346,444      18.7   %      3,704,514        3,283,741       12.8  %
Total assets          4,517,076        4,331,436        4,295,911        3,957,918        3,947,773      14.4   %      4,276,263        3,904,363       9.5   %
Noninterest-bearing   886,240          813,394          795,867          700,438          675,998        31.1   %      799,263          615,957         29.8  %
deposits
Interest-bearing      2,853,253        2,800,446        2,808,884        2,570,595        2,614,304      9.1    %      2,758,670        2,631,556       4.8   %
deposits
Total deposits        3,739,493        3,613,840        3,604,751        3,271,033        3,290,302      13.7   %      3,557,933        3,247,513       9.6   %
Federal funds
purchased and         247,970          223,844          215,678          229,099          194,427        27.5   %      229,185          210,098         9.1   %
repurchase
agreements
Other borrowings      47,555           45,908           46,203           46,480           46,774         1.7    %      46,537           47,239          -1.5  %
Shareholders'         450,446          429,183          415,952          383,377          382,909        17.6   %      419,849          370,116         13.4  %
equity
                                                                                                                                                              

SCBT Financial Corporation
(Unaudited)
(Dollars in thousands, except per share data)
                                                                                                    Fourth
                    ENDING Balance                                                                       Quarter
                    December 31,     September 30,    June 30,         March 31,        December 31,     2012 -
                                                                                                         2011
BALANCE SHEET       2012             2012             2012             2012             2011             % Change
HIGHLIGHTS
Loans held for sale $ 65,279         $ 71,585         $ 42,525         $ 34,706         $ 45,809         42.5   %
Acquired loans        1,074,742        520,991          560,058          369,144          402,201        167.2  %
Non-acquired loans    2,571,003        2,517,352        2,481,251        2,437,314        2,470,565      4.1    %
Total loans (1)       3,645,745        3,038,343        3,041,309        2,806,458        2,872,766      26.9   %
FDIC receivable for
loss share            146,171          174,321          200,569          231,331          262,651        -44.3  %
agreements
Total investment      560,091          500,587          511,138          357,448          324,056        72.8   %
securities
Intangible assets     125,801          79,391           79,971           73,926           74,426         69.0   %
Allowance for
acquired loan         (32,132    )     (31,138    )     (35,813    )     (34,355    )     (31,620    )   1.6    %
losses
Allowance for
non-acquired loan     (44,378    )     (46,439    )     (47,269    )     (47,607    )     (49,367    )   -10.1  %
losses (1)
Premises and          115,583          105,579          106,458          93,209           94,250         22.6   %
equipment
Total assets          5,136,446        4,325,232        4,373,269        4,046,343        3,896,557      31.8   %
Noninterest-bearing   981,963          818,633          806,235          757,777          658,454        49.1   %
deposits
Interest-bearing      3,316,397        2,770,665        2,854,737        2,598,860        2,596,018      27.7   %
deposits
Total deposits        4,298,360        3,589,298        3,660,972        3,356,637        3,254,472      32.1   %
Federal funds
purchased and         238,621          226,330          220,264          235,412          180,436        32.2   %
repurchase
agreements
Other borrowings      54,897           45,807           46,105           46,397           46,683         17.6   %
Total liabilities     4,628,897        3,891,308        3,948,363        3,659,836        3,514,777      31.7   %
Shareholders'         507,549          433,924          424,906          386,507          381,780        32.9   %
equity
                                                                                                         
Common shares
issued and            16,937,464       15,114,185       15,085,991       14,052,177       14,039,422     20.6   %
outstanding
                                                                                                         
                                                                                                         Fourth
                                                                                                         Quarter
                    December 31,     September 30,    June 30,         March 31,        December 31,     2012 -
                                                                                                         2011
NONPERFORMING
ASSETS (ENDING      2012             2012             2012             2012             2011             % Change
BALANCE)
Non-acquired
Non-acquired        $ 48,387         $ 46,295         $ 47,940         $ 59,278         $ 64,170         -24.6  %
nonaccrual loans
Restructured loans    13,151           12,882           9,530            10,578           11,807         11.4   %
Other real estate owned ("OREO")
not covered under
FDIC loss share       19,069           22,424           25,518           21,381           18,022         5.8    %
agreements
Accruing loans past   500              156              137              130              926            -46.0  %
due 90 days or more
Other nonperforming  --             --             --             24             24            -100.0 %
assets
Total non-acquired
nonperforming        81,107         81,757         83,125         91,391         94,949        -14.6  %
assets
Acquired (7)
Acquired nonaccrual   --               --               --               --               --
loans
OREO covered under
FDIC loss share       34,257           47,063           53,146           61,788           65,849         -48.0  %
agreements
OREO not covered
under FDIC loss       13,179           5,059            5,745            --               --
share agreements
Other nonperforming  44             57             73             215            251        
assets
Total acquired
nonperforming        47,480         52,179         58,964         62,003         66,100        -28.2  %
assets
Total nonperforming $ 128,587       $ 133,936       $ 142,089       $ 153,394       $ 161,049       -20.2  %
assets
                                                                                                         
Excluding Acquired
Assets
Total nonperforming assets as a
percentage of
total non-acquired
loans and            3.13       %    3.22       %    3.32       %    3.72       %    3.82       %
repossessed assets
(1) (4)
Total nonperforming assets as a
percentage
of total assets (5)  1.58       %    1.89       %    1.90       %    2.26       %    2.44       %
NPLs as a
percentage of        2.41       %    2.36       %    2.32       %    2.87       %    3.11       %
period end
non-acquired loans
Including Acquired
Assets
Total nonperforming assets as a
percentage of
total loans and
repossessed assets   3.48       %    4.31       %    4.55       %    5.31       %    5.45       %
(1) (4)
Total nonperforming assets as a
percentage
of total assets      2.50       %    3.10       %    3.25       %    3.79       %    4.13       %
NPLs as a
percentage of        1.70       %    1.95       %    1.89       %    2.49       %    2.68       %
period end loans
                                                                                                         
OTHER ASSET QUALITY
INFORMATION
Classified Assets
(Ending Balance)
(11)
Classified loans    $ 124,133        $ 135,095        $ 135,099        $ 156,118        $ 166,383        -25.4  %
OREO and other
nonperforming        19,069         22,424         25,518         21,405         18,046        5.7    %
assets
Total classified    $ 143,202       $ 157,519       $ 160,617       $ 177,523       $ 184,429       -22.4  %
assets
                                                                                                         
Tier 1 capital and
non-acquired        $ 477,686       $ 444,200       $ 436,964       $ 406,070       $ 402,470       18.7   %
allowance for loan
losses
Classified assets as a percentage
of Tier 1 capital and
non-acquired
allowance for loan   29.98      %    35.46      %    36.76      %    43.72      %    45.82      %
losses
                                                                                                         
Non-acquired Loans  $ 7,189         $ 9,270         $ 10,464        $ 7,290         $ 9,235         -22.2  %
30-89 Day Past Due
                                                                                                                

SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)
                                                                                           Fourth                               
                  Quarter Ended                                                                   Quarter      Twelve Months Ended         YTD
                  December 31,    September 30,   June 30,        March 31,       December 31,    2012 -       December      December      2012 -
                                                                                                  2011         31,           31,           2011
ALLOWANCE FOR                                                                                                                              %
LOAN LOSSES       2012            2012            2012            2012            2011            % Change     2012          2011          Change
(1)
Non-acquired
Loans:
Balance at
beginning of      $ 46,439        $ 47,269        $ 47,607        $ 49,367        $ 49,110        -5.4    %    $ 49,367      $ 47,512      3.9   %
period
Loans charged       (4,291    )     (5,506    )     (5,114    )     (5,344    )     (6,846    )   -37.3   %      (20,255 )     (28,047 )   -27.8 %
off
Overdrafts          (446      )     (434      )     (441      )     (354      )     (413      )   8.0     %      (1,675  )     (1,163  )   44.0  %
charged off
Loan                550             481             700             1,424           409           34.5    %      3,155         1,888       67.1  %
recoveries
Overdraft          131           129           125           216           138          -5.1    %     601         522        15.1  %
recoveries
Net                 (4,056    )     (5,330    )     (4,730    )     (4,058    )     (6,712    )   -39.6   %      (18,174 )     (26,800 )   -32.2 %
charge-offs
Provision for
loan losses
on                 1,995         4,500         4,392         2,298         6,969        -71.4   %     13,185      28,655     -54.0 %
non-acquired
loans
Balance at
end of
period,            44,378        46,439        47,269        47,607        49,367       -10.1   %     44,378      49,367     -10.1 %
non-acquired
loans
Acquired
Loans:
Balance at
beginning of        31,138          35,812          34,355          31,620          29,870                       31,620        --
period
Loans charged       --              --              --              --              --                           --            --
off
Loan               --            --            --            --            --                         --          --      
recoveries
Net                 --              --              --              --              --                           --            --
charge-offs
Provision for loan losses on
acquired loans:
Provision for loan losses
before benefit attributable
to FDIC loss
share               994             (4,674    )     1,457           2,735           1,750                        512           31,620
agreements
Benefit
attributable
to FDIC loss       (778      )    4,218         (1,208    )    (2,310    )    (1,663    )                 (78     )    (30,039 )
share
agreements
Net provision
for loan
losses on          216           (456      )    249           425           87                         434         1,581   
acquired
loans
Provision for loan losses
recorded through the FDIC
loss share         778           (4,218    )    1,208         2,310         1,663                      78          30,039  
receivable
Balance at
end of
period,            32,132        31,138        35,812        34,355        31,620                     32,132      31,620  
acquired
loans
Balance at
end of
period, total     $ 76,510       $ 77,577       $ 83,081       $ 81,962       $ 80,987       -5.5    %    $ 76,510     $ 80,987     -5.5  %
allowance for
loan losses
                                                                                                                                           
Total
provision for
loan losses       $ 2,211        $ 4,044        $ 4,641        $ 2,723        $ 7,056                     $ 13,620     $ 30,236  
charged to
operations
Allowance for non-acquired loan
losses as a
percentage of
non-acquired       1.73      %    1.84      %    1.91      %    1.95      %    2.00      %                 1.73    %    2.00    %
loans (1)
Allowance for
loan losses
as a
percentage of
total loans        2.10      %    2.55      %    2.73      %    2.92      %    2.82      %                 2.10    %    2.82    %
(1)
Allowance for non-acquired loan
losses as a
percentage of
non-acquired       71.53     %    78.27     %    82.05     %    68.02     %    64.19     %                 71.53   %    64.19   %
nonperforming
loans
Net charge-offs on non-acquired loans as a
percentage of
average
non-acquired
loans              0.64      %    0.85      %    0.77      %    0.66      %    1.08      %                 0.73    %    1.12    %
(annualized)
(1)
                                                                                                                                           
                                                                                                  Fourth
                                                                                                  Quarter
                  December 31,    September 30,   June 30,        March 31,       December 31,    2012 -
                                                                                                  2011
LOAN
PORTFOLIO         2012            2012            2012            2012            2011            % Change
(ENDING
balance) (1)
Acquired          $ 282,682       $ 309,034       $ 332,874       $ 363,050       $ 394,495       172.4   %
covered loans
Acquired
non-covered         792,060         211,957         227,184         6,094           7,706         10178.5 %
loans
Non-acquired
loans:
Commercial non-owner occupied
real estate:
Construction
and land            273,420         273,606         279,519         294,865         310,845       -12.0   %
development
Commercial
non-owner          290,071       278,935       284,147       284,044       299,698      -3.2    %
occupied
Total
commercial
non-owner           563,491         552,541         563,666         578,909         610,543       -7.7    %
occupied real
estate
Consumer real
estate:
Consumer
owner               434,503         430,825         420,298         407,697         391,529       11.0    %
occupied
Home equity        255,284       255,677       257,061       258,054       264,986      -3.7    %
loans
Total
consumer real       689,787         686,502         677,359         665,751         656,515       5.1     %
estate
Commercial
owner               784,152         787,623         763,338         744,441         742,890       5.6     %
occupied real
estate
Commercial
and                 279,763         245,285         228,010         216,083         220,454       26.9    %
industrial
Other income
producing           133,713         131,832         132,193         130,177         140,693       -5.0    %
property
Consumer non        86,934          86,729          87,290          85,350          85,342        1.9     %
real estate
Other              33,163        26,840        29,395        16,603        14,128       134.7   %
Total
non-acquired       2,571,003     2,517,352     2,481,251     2,437,314     2,470,565    4.1     %
loans
Total loans
(net of           $ 3,645,745    $ 3,038,343    $ 3,041,309    $ 2,806,458    $ 2,872,766    26.9    %
unearned
income) (1)
                                                                                                                                           
Loans held        $ 65,279       $ 71,585       $ 42,525       $ 34,706       $ 45,809       42.5    %
for sale
                                                                                                                                           

SCBT Financial Corporation
(Unaudited)
(Dollars in thousands, except per share data)
                                                                                                                      
                                                                                                                               
                   Quarter Ended                                                                       Twelve Months Ended
                   December 31,   September      June 30,       March 31,      December 31,            December   December
                                  30,                                                                  31,        31,
SELECTED RATIOS    2012           2012           2012           2012           2011                    2012       2011
                                                                                                                               
Return on average
assets              0.52%         0.83%         0.75%         0.71%         0.49%                  0.70%     0.58%
(annualized)
                                                                                                                               
Operating return
on average assets   0.98%         0.87%         0.88%         0.72%         0.52%                  0.86%     0.37%
(annualized)
(non-GAAP)(3)
                                                                                                                               
Return on average
equity              5.22%         8.40%         7.77%         7.37%         5.00%                  7.15%     6.10%
(annualized)
                                                                                                                               
Operating return
on average equity   9.80%         8.73%         9.05%         7.44%         5.34%                  8.79%     3.90%
(annualized)
(non-GAAP)(3)
                                                                                                                               
Return on average
tangible equity     6.91%         10.74%        9.92%         9.57%         6.76%                  9.27%     8.10%
(annualized)
(non-GAAP) (10)
                                                                                                                               
Net interest
margin (tax         4.88%         5.03%         4.69%         4.70%         4.78%                  4.83%     4.66%
equivalent)
                                                                                                                               
Efficiency ratio    80.95%        66.91%        68.34%        72.02%        73.09%                 72.20%    68.77%
(tax equivalent)
                                                                                                                               
Operating
efficiency ratio    62.84%        58.96%        60.84%        66.27%        62.43%                 62.10%    65.54%
excluding OREO
expense
                                                                                                                               
Book value per     $ 29.97        $ 28.71        $ 28.17        $ 27.51        $ 27.19
common share
                                                                                                                               
Tangible book
value per common   $ 22.54        $ 23.46        $ 22.86        $ 22.24        $ 21.89
share (non-GAAP)
(10)
                                                                                                                               
Common shares
issued and          16,937,464    15,114,185    15,085,991    14,052,177    14,039,422
outstanding
                                                                                                                               
Equity-to-assets    9.88%         10.03%        9.72%         9.55%         9.80%
                                                                                                                               
Tangible
equity-to-tangible  7.62%         8.35%         8.03%         7.87%         8.04%
assets (non-GAAP)
(10)
                                                                                                                               
Tier 1 leverage    9.8%            9.3%          9.2%          9.2%          9.1%
(9)
                                                                                                                               
Tier 1 risk-based  12.7%           14.0%         13.9%         14.5%         14.0%
capital (9)
                                                                                                                               
Total risk-based   13.9%           15.2%         15.1%         15.8%         15.3%
capital (9)
                                                                                                                               
                                                                                                                               
                   Quarter Ended                                                                       Twelve Months Ended
                   December 31,   September      June 30,       March 31,      December 31,            December   December
                                  30,                                                                  31,        31,
RECONCILIATION OF  2012           2012           2012           2012           2011                    2012       2011
NON-GAAP TO GAAP
                                                                                                                               
Pre-tax, Pre-provision
Operating Earnings (6)
Net income (GAAP)  $ 5,910        $ 9,063        $ 8,031        $ 7,028        $ 4,826        22.5%    $ 30,032   $ 22,595     32.9%
Provision for loan   2,211          4,044          4,641          2,723          7,057        -68.7%     13,619     30,236     -55.0%
losses (1)
Provision for       2,552         4,938         4,097         3,541         1,154        121.1%    15,128   10,762     40.6%
income taxes
Pre-tax,
pre-provision        10,673         18,045         16,769         13,292         13,037       -18.1%     58,779     63,593     -7.6%
income
Gains on             --             --             --             --             --                      --         (16,529)
acquisitions
Securities (gains)   (128)          --             (61)           --             25                      (189)      (208)
losses
Merger and
conversion related  7,552         568           1,998         96            404                    10,214    3,198
expense
Pre-tax,
pre-provision      $ 18,097       $ 18,613       $ 18,706       $ 13,388       $ 13,466       34.4%    $ 68,804   $ 50,054     37.5%
operating earnings
(non-GAAP)
                                                                                                                               
Operating efficiency ratio
excluding OREO expense
Operating
efficiency ratio     62.84%         58.96%         60.84%         66.27%         62.43%                  62.10%     65.54%
excluding OREO
expense
Effect to adjust
for OREO and loan    5.41%          6.95%          3.86%          5.56%          9.85%                   5.48%      6.91%
related expense
Effect to adjust
for Merger and      12.71%        1.00%         3.64%         0.19%         0.81%                  4.65%     1.53%
conversion
expenses
Efficiency ratio    80.95%        66.91%        68.34%        72.02%        73.09%                 72.20%    68.77%
(Tax Equivalent)
                                                                                                                               
Operating Return
of Average
Assets(3)
Operating return
on average assets    0.98%          0.87%          0.88%          0.72%          0.52%                   0.86%      0.37%
(non-GAAP)
Effect to adjust
for acquisition      0.00%          0.00%          0.00%          0.00%          0.00%                   0.00%      0.26%
gains
Effect to adjust
for securities       0.01%          0.00%          0.00%          0.00%          0.00%                   0.00%      0.00%
gains (losses)
Effect to adjust
for merger and      -0.47%        -0.04%        -0.13%        -0.01%        -0.03%                 -0.16%    -0.06%
conversion related
expenses
Return on average   0.52%         0.83%         0.75%         0.71%         0.49%                  0.70%     0.58%
assets (GAAP)
                                                                                                                               
Operating Return
of Average
Equity(3)
Operating return
on average equity    9.80%          8.73%          9.05%          7.44%          5.34%                   8.79%      3.90%
(non-GAAP)
Effect to adjust
for acquisition      0.00%          0.00%          0.00%          0.00%          0.00%                   0.00%      2.76%
gains
Effect to adjust
for securities       0.08%          0.00%          0.04%          0.00%          -0.02%                  0.03%      0.04%
gains (losses)
Effect to adjust
for merger and      -4.66%        -0.33%        -1.32%        -0.07%        -0.32%                 -1.67%    -0.60%
conversion related
expenses
Return on average   5.22%         8.40%         7.77%         7.37%         5.00%                  7.15%     6.10%
equity (GAAP)
                                                                                                                               

SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)
                                                                                                           
                      Quarter Ended                                                                   Twelve Months Ended
                      December 31,    September   June 30,     March 31,       December               December   December
                                      30,                                      31,                    31,        31,
RECONCILIATION OF
NON-GAAP TO GAAP      2012            2012        2012         2012            2011                   2012       2011
(CONTINUED)
                                                                                                                 
Return on Average
Tangible Equity
(10)
Return on average
tangible equity         6.91      %     10.74  %     9.92  %     9.57      %     6.76   %             9.27   %   8.10   %
(non-GAAP)
Effect to adjust
for intangible         -1.69     %    -2.34  %    -2.15 %    -2.20     %    -1.76  %             -2.12  %   -2.00  %
assets
Return on average      5.22      %    8.40   %    7.77  %    7.37      %    5.00   %             7.15   %   6.10   %
equity (GAAP)
                                                                                                                 
Tangible Book Value Per Common
Share (10)
Tangible book value
per common share      $ 22.54         $ 23.46     $  22.86     $ 22.24         $ 21.89
(non-GAAP)
Effect to adjust
for intangible         7.43          5.25       5.30      5.26          5.30   
assets
Book value per        $ 29.97        $ 28.71    $  28.17    $ 27.51        $ 27.19  
common share (GAAP)
                                                                                                                 
Tangible
Equity-to-Tangible
Assets (10)
Tangible
equity-to-tangible      7.62      %     8.35   %     8.03  %     7.87      %     8.04   %
assets (non-GAAP)
Effect to adjust
for intangible         2.26      %    1.68   %    1.69  %    1.68      %    1.76   %
assets
Equity-to-assets       9.88      %    10.03  %    9.72  %    9.55      %    9.80   %
(GAAP)
                                                                                                                 
                                                                                                                 
                      Three Months Ended
                      December 31, 2012                        December 31, 2011
                      Average         Interest    Average      Average         Interest    Average
YIELD ANALYSIS        Balance         Earned/Paid Yield/Rate   Balance         Earned/Paid Yield/Rate
                                                                                                                 
Interest-Earning
Assets:
Federal funds sold,
reverse repo, and     $ 290,180       $ 384          0.53  %     121,686       $ 143       0.47   %
time deposits
Investment
securities              354,791         1,948        2.18  %     255,079         1,666     2.59   %
(taxable)
Investment
securities              155,643         1,201        3.07  %     62,860          546       3.45   %
(tax-exempt)
Loans held for sale     60,183          492          3.25  %     52,743          494       3.72   %
Acquired loans, net
of allowance for        582,726         16,648       11.37 %     386,713         10,550    10.82  %
acquired loan
losses
Non-acquired loans     2,528,753     29,590      4.66  %    2,467,363     30,426   4.89   %
(1)
Total
interest-earning        3,972,276       50,263       5.03  %     3,346,444       43,825    5.20   %
assets
                                                                                                                 
Noninterest-Earning
Assets:
Cash and due from       87,155                                   71,956
banks
Other assets            504,425                                  578,275
Allowance for
non-acquired loan      (46,780   )                             (48,902   )
losses
Total
noninterest-earning    544,800                                601,329   
assets
Total Assets          $ 4,517,076                             $ 3,947,773 
                                                                                                                 
Interest-Bearing
Liabilities:
Transaction and
money market          $ 1,626,552     $ 557          0.14  %   $ 1,406,033     $ 1,274     0.36   %
accounts
Savings deposits        317,810         90           0.11  %     264,196         188       0.28   %
Certificates and        908,891         1,042        0.46  %     944,076         1,760     0.74   %
other time deposits
Federal funds
purchased and           247,970         110          0.18  %     194,427         106       0.22   %
repurchase
agreements
Other borrowings       47,555        554         4.63  %    46,774        573      4.86   %
Total
interest-bearing        3,148,778       2,353        0.30  %     2,855,506       3,901     0.54   %
liabilities
                                                                                                                 
Noninterest-Bearing
Liabilities:
Demand deposits         886,240                                  675,998
Other liabilities      31,612                                 33,360    
Total
noninterest-bearing     917,852                                  709,358
liabilities
("Non-IBL")
Shareholders'          450,446                                382,909   
equity
Total Non-IBL and
shareholders'          1,368,298                              1,092,267 
equity
Total liabilities
and shareholders'     $ 4,517,076                             $ 3,947,773 
equity
                                                                              
Net interest income and margin        $ 47,910     4.80  %                   $ 39,924   4.73   %
(NON-TAX EQUIV.)
Net interest margin                                 4.88  %                               4.78   %
(TAX EQUIVALENT)
                                                                                                                 

SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)
                                                                                       
                    Twelve Months Ended
                    December 31, 2012                          December 31, 2011
                    Average         Interest      Average      Average         Interest      Average
YIELD ANALYSIS      Balance         Earned/Paid   Yield/Rate   Balance         Earned/Paid   Yield/Rate
                                                                                             
Interest-Earning
Assets:
Federal funds sold,
reverse repo, and   $ 241,332       $  1,157      0.48    %    $ 202,291       $  1,018      0.50    %
time deposits
Investment
securities            325,420          7,577      2.33    %      212,788          6,222      2.92    %
(taxable)
Investment
securities            126,143          3,947      3.13    %      64,404           2,273      3.53    %
(tax-exempt)
Loans held for sale   45,112           1,581      3.50    %      26,760           966        3.61    %
Acquired loans, net
of allowance for      481,754          53,634     11.13   %      379,678          41,684     10.98   %
acquired loan
losses
Non-acquired loans   2,484,751      119,592    4.81    %     2,397,821      119,555    4.99    %
(1)
Total
interest-earning      3,704,512        187,488    5.06    %      3,283,742        171,718    5.23    %
assets
                                                                                             
Noninterest-Earning
Assets:
Cash and due from     88,487                                     78,543
banks
Other assets          531,026                                    590,083
Allowance for
non-acquired loan    (47,762   )                               (48,005   )
losses
Total
noninterest-earning  571,751                                  620,621   
assets
Total Assets        $ 4,276,263                               $ 3,904,363 
                                                                                             
Interest-Bearing
Liabilities:
Transaction and
money market        $ 1,538,795     $  3,117      0.20    %    $ 1,325,344     $  6,543      0.49    %
accounts
Savings deposits      297,498          479        0.16    %      253,652          906        0.36    %
Certificates and      922,377          4,829      0.52    %      1,052,563        10,107     0.96    %
other time deposits
Federal funds
purchased and         229,185          451        0.20    %      210,098          527        0.25    %
repurchase
agreements
Other borrowings     46,537         2,219      4.77    %     47,239         2,182      4.62    %
Total
interest-bearing      3,034,392        11,095     0.37    %      2,888,896        20,265     0.70    %
liabilities
                                                                                             
Noninterest-Bearing
Liabilities:
Demand deposits       799,263                                    615,956
Other liabilities    22,759                                   29,395    
Total
noninterest-bearing   822,022                                    645,351
liabilities
("Non-IBL")
Shareholders'        419,849                                  370,116   
equity
Total Non-IBL and
shareholders'        1,241,871                                1,015,467 
equity
Total liabilities
and shareholders'   $ 4,276,263                               $ 3,904,363 
equity
                                                                              
Net interest income and margin      $  176,393    4.76    %                    $  151,453    4.61    %
(NON-TAX EQUIV.)
Net interest margin                               4.83    %                                  4.66    %
(TAX EQUIVALENT)
                                                                                                     

<td class="bwp*Story too large*
SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)
                                                                            Fourth                             
                Three Months Ended                                               Quarter   Twelve Months Ended         YTD
                December     September    June 30,     March 31,    December     2012 -    December 31,                2012 -
                31,          30,                                    31,          2011                                  2011
NONINTEREST                                                                                                            %
INCOME &        2012         2012         2012         2012         2011         % Change  2012          2011          Change
EXPENSE
Noninterest
income:
Gain on         $ --         $ --         $ --         $ --         $ --                   $ --          $ 16,529
acquisition
Service charges
on deposit        6,313        6,169        5,886        5,447        5,959      5.9    %    23,815        22,654      5.1   %
accounts
Mortgage          4,214        3,526        3,052        1,830        1,942      117.0  %    12,622        6,271       101.3 %
banking income
Bankcard          3,665        3,570        3,618        3,320        3,037      20.7   %    14,173        11,721      20.9  %
services income
Trust and
investment        1,744        1,577        1,642        1,397        1,237      41.0   %    6,360         5,464       16.4  %
services income
Securities
gains (losses),   128          --           61           --           (25    )   612.0  %    189           208         -9.1  %
net (8)
Accretion
(amortization)
on FDIC           (6,547 )     (6,623 )     (4,370 )     (3,233 )     (3,086 )   -112.2 %    (20,773 )     (10,135 )   105.0 %
indemnification
asset
Other            1,383      947        1,855      712        599       130.9  %   4,897       2,407      103.4 %
Total
noninterest     $ 10,900    $ 9,166     $ 11,744    $ 9,473     $ 9,663     12.8   %  $ 41,283     $ 55,119     -25.1 %
income
                                                                                                                       
Noninterest
expense:
Salaries and
employee        $ 21,351     $ 18,647     $ 18,262     $ 18,048     $ 16,930     26.1   %  $ 76,308      $ 68,937      10.7  %
benefits
Net occupancy     2,470        2,621        2,478        2,248        2,309      7.0    %    9,817         9,674       1.5   %
expense
Furniture and
equipment         2,340        2,165        2,371        2,239        2,211      5.8    %    9,115         8,475       7.6   %
expense
Information
services          3,060        2,662        2,902        2,468        2,817      8.6    %    11,092        10,511      5.5   %
expense
Bankcard          985          1,057        1,118        902          874        12.7   %    4,062         3,241       25.3  %
expense
FDIC assessment
and other         887          878          1,073        1,037        980        -9.5   %    3,875         4,573       -15.3 %
regulatory
charges
OREO expense
and loan          3,221        3,951        2,115        2,716        4,926      -34.6  %    12,003
related

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