The provision for loan loss totaled $691,000 during the quarter ended December 31, 2012 representing an increase of $51,000 or 8% from the third quarter of 2012 and a decline of $2,290,000 or 76% from the fourth quarter of 2011. During the fourth quarter of 2012, the provision for loan loss represented approximately 23 basis points of average loans on an annualized basis while net charge-offs represented approximately 37 basis points of average loans on an annualized basis.
During the quarter ended December 31, 2012, non-interest income totaled $6,019,000, a decrease of $139,000 or 2%, compared with the quarter ended September 30, 2012, and a decrease of $621,000, or 9%, compared with the fourth quarter of 2011.
|Non-interest Income||Quarter Ended 12/31/12||Quarter Ended 09/30/12||Quarter Ended 12/31/11|
|(dollars in thousands)|
|Trust and Investment Product Fees||$ 638||$ 659||$ 584|
|Service Charges on Deposit Accounts||1,075||1,049||1,019|
|Company Owned Life Insurance||251||213||264|
|Interchange Fee Income||415||418||375|
|Other Operating Income||455||811||470|
|Net Gains on Loans||904||941||730|
|Net Gains on Securities||975||598||1,979|
|Total Non-interest Income||$ 6,019||$ 6,158||$ 6,640|
Insurance revenues decreased $163,000, or 11%, during the quarter ended December 31, 2012, compared with the third quarter of 2012 and increased $87,000, or 7%, compared with the fourth quarter of 2011. The change in both comparative periods was largely attributable to commercial related insurance revenues.