Noninterest expense increased by $1.5 million, or 14.7 percent, to $11.7 million for the quarter ended December 31, 2012 from $10.2 million for the quarter ended December 31, 2011, primarily due to a $990,000 increase in salaries and benefits expense and a $438,000 increase in professional and outside services expense. The increase in salaries and benefits expense was due primarily to increases in expenses related to our defined benefit pension plan, our equity incentive plan, and our cash incentive plan. The increase in professional and outside services resulted primarily from costs associated with the enhancement of our electronic banking capabilities and expenses related to the equity incentive plan attributable to our outside directors.Operating Results for the Year Ended December 31, 2012 Compared with the Year Ended December 31, 2011
OmniAmerican Bancorp, Inc. Reports Fourth Quarter And Annual 2012 Results
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