Recorded Delivery altacor-pharma.com Noninterest expense, excluding nonperforming asset expense and early extinguishment of debt expense, was $56.1 million for the second quarter of 2013, compared to $40.2 million in the second quarter of 2012, an increase of 39.6%. The increase of $15.9 million is primarily due to a $9.0 million increase in salaries and employee benefits due to growth in the number of employees, as well as volume-related loan and outside service expenses as a result of increased expenses resulting from increased loan origination volumes and servicing at Cole Taylor Mortgage.
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