The following table sets forth the Company's average volume and rate of its interest-earning assets and interest-bearing liabilities for the periods indicated.

         
  For the Six Months Ended
  June 30, 2013 June 30, 2012
(dollars in thousands) Average Balance   Average Yield/Rate Average Balance   Average Yield/Rate  
Interest-earning assets:        
Short term investments $ 71,805  0.21% $ 59,373  0.24%
Investment Securities  509,931  1.97  344,027  2.35
Loans  2,011,759  5.27  1,719,495  5.50
Total interest-earning assets $ 2,593,495  4.48 $ 2,122,895  4.84
Interest-bearing liabilities:        
Savings $ 47,456  0.63 $ 40,560  0.56
Money market deposits  375,985  1.51  394,723  1.63
NOW accounts  504,811  1.31  278,616  1.15
Certificates of deposit under $100,000  428,502  1.56  452,615  1.63
Certificates of deposit of $100,000 or more  609,717  1.88  485,624  1.77
CDARS ®  167,265  2.21  104,437  2.45
Total interest-bearing deposits $ 2,133,736  1.61 $ 1,756,575  1.62
Fed funds purchased and repurchase agreements  64,829  1.45  31,628  1.50
Other borrowings  86,724  2.66  56,027  2.64
Total interest-bearing liabilities $ 2,285,289  1.65 $ 1,844,230  1.64
Net interest spread    2.83%    3.20%
Net interest margin    3.03%    3.42%

Noninterest Income

Noninterest income, excluding securities gains, for the six months period ended June 30, 2013 totaled $5.2 million, an increase of $0.2 million, or 3.6%, compared to the six month period ended June 30, 2012. The increase in noninterest income for the six month period ended June 30, 2013 compared to the six month period ended June 30, 2012 resulted primarily from an increase of $1.1 million in management fees from First NBC Community Development Fund, LLC related to the Fund's New Market Tax Credit investments.

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