Total personnel expense was $87.4 million in the fourth quarter of 2012, a decrease of $.8 million, or 1%, from the third quarter of 2012. The linked-quarter decrease mainly reflects the staff reductions associated with previously announced branch consolidations.Other operating expense totaled $45.1 million, down $4.9 million from the third quarter of 2012. The linked-quarter decrease was mainly related to reductions in professional service expense, telephone and data processing expense, advertising expense and ORE expense.
Hancock Reports Fourth Quarter 2012 Financial Results
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