Noninterest income, excluding securities gains, for the second quarter of 2013 totaled $2.7 million, an increase of $0.2 million, or 9.0%, compared to first quarter of 2013 and an increase of $0.5 million, or 23.8%, compared to the second quarter of 2012. The increase in noninterest income in the second quarter of 2013 compared to the first quarter of 2013 and second quarter of 2012 resulted primarily from increases of $0.6 million and $1.0 million, respectively, in management fees from First NBC Community Development Fund, LLC related to the Fund's New Market Tax Credit investments.The Company realized $0.3 million and $1.8 million in securities gains during the first quarter of 2013 and second quarter of 2012, respectively. The Company did not realize any securities gains during the second quarter of 2013.
First NBC Bank Holding Company Announces 2013 Second Quarter Results
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