2011 compared to 2010 IS&GS’ net sales for 2011 decreased $540 million, or 5%, compared to 2010.
The decrease primarily was attributable to lower volume of approximately $665 million due to the absence of the DRIS program that supported the 2010 U. S.  census and a decline in activities on the JTRS program.
This decrease partially was offset by increased net sales on numerous programs.
IS&GS’ operating profit for 2011 increased $60 million, or 7%, compared to 2010.
Operating profit increased approximately $180 million due to volume and the retirement of risks in 2011 and the absence of reserves recognized in 2010 on numerous programs (including among others, ODIN (about $60 million) and TWIC and Automated Flight Service Station programs).
The increases in operating profit partially were offset by the absence of the DRIS program and a decline in activities on the JTRS program of about $120 million.
Adjustments not related to volume, including net profit rate adjustments described above, were approximately $130 million higher in 2011 compared to 2010.
Backlog Backlog decreased in 2012 compared to 2011 primarily due to the substantial completion of various programs in 2011 (primarily ODIN, U. K.  Census, and JTRS).
The decrease in backlog during 2011 compared to 2010 mainly was due to declining activities on the JTRS program and several other smaller programs.
Trends We expect IS&GS’ net sales to decline in 2013 in the mid single digit percentage range as compared to 2012 primarily due to the continued downturn in federal information technology budgets.
Operating profit is expected to decline in 2013 in the mid single digit percentage range consistent with the expected decline in net sales, resulting in margins that are comparable with 2012 results.
Missiles and Fire Control Our MFC business segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; fire control systems; mission operations support, readiness, engineering support, and integration services; logistics and other technical services; and manned and unmanned ground vehicles.
MFC’s major programs include PAC-3, THAAD, Multiple Launch Rocket System (MLRS), Hellfire, Javelin, Joint Air-to-Surface Standoff Missile (JASSM), Apache Fire Control System (Apache), Sniper?, Low Altitude Navigation and Targeting Infrared for Night (LANTIRN?
), and SOF CLSS.
MFC’s operating results included the following (in millions):
## Table 0 ##
2012 compared to 2011 MFC’s net sales for 2012 were comparable to 2011.
Net sales decreased approximately $130 million due to lower volume and risk retirements on various services programs, and about $60 million due to lower volume from fire control systems programs (primarily Sniper?
; LANTIRN?
; and Apache).
The decreases largely were offset by higher net sales of approximately $95 million due to higher volume from tactical missile programs (primarily Javelin and Hellfire) and approximately $80 million for air and missile defense programs (primarily PAC-3 and THAAD).
MFC’s operating profit for 2012 increased $187 million, or 17%, compared to 2011.
The increase was attributable to higher risk retirements and volume of about $95 million from tactical missile programs (primarily Javelin and Hellfire); increased risk retirements and volume of approximately $60 million for air and missile defense programs (primarily THAAD and PAC-3); and about $45 million from a resolution of contractual matters.
Partially offsetting these increases was lower risk retirements and volume on various programs, including $25 million for services programs.
Adjustments not related to volume, including net profit booking rate adjustments and other matters described above, were approximately $145 million higher for 2012 compared to 2011.
SVB FINANCIAL GROUP AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) To the extent that a stock award is made from this reserve, in the form of a stock bonus award, restricted stock purchase agreement or restricted stock unit, the 1,784,765 share reserve will be reduced by an amount equal to two times the number of shares subject to that award.
Further, if shares acquired from the 1,784,765 share reserve pursuant to a stock bonus award, restricted stock purchase agreement or restricted stock unit are forfeited, two times the shares so forfeited will return to the 1,784,765 share reserve and will again become available for issuance.
The 1997 Plan provides for the granting of shares of our common stock to directors, employees, and non employees.
Shares granted under this plan may be subject to certain vesting requirements and resale restrictions (“restricted stock”).
For the years ended December 31, 2005 and 2004, we made restricted stock awards and granted restricted stock units for 174,811 shares of restricted stock at a weighted-average fair value of $45.13 per share and 156,025 shares at a weighted-average fair value of $36.81 per share, respectively.
At December 31, 2005, there were 252,068 shares of restricted stock outstanding, the vesting of these shares occurs on various dates through the years ending December 31, 2006, 2007, and 2008.
We recognized $7.1 million, $3.6 million and $1.1 million in employee and non-employee stock-based compensation costs resulting from the amortization of unearned compensation related to restricted stock and other miscellaneous employee and non-employee stock awards for the years ended December 31, 2005, 2004, and 2003, respectively.
If compensation cost related to both our stock option awards to employees and directors and to the ESPP had been determined under the fair value method prescribed under SFAS No.123, our net income would have been reduced by $17.1 million, $19.8 million and $19.0 million, for the years ended December 31, 2005, 2004, and 2003, respectively.
The fair value of the stock option grants used in determining the pro forma net income and the basic and diluted earnings per share amounts were estimated using the Black-Scholes single option-pricing model with the following average assumptions for the years ended December 31, 2005, 2004, and 2003:
## Table 1 ##
The expected term was based on the implied term of the stock options using a lattice option-pricing model with early exercise factors based on historic employee exercise behavior.
The expected volatility for the year ended December 31, 2005 was calculated using a blended rate consisting of equal measures of our historic volatility and our expected volatility over a five year term.
Expected volatility for the years ended December 31, 2004 and 2003 was calculated as the historical volatility of our common stock using a five-year term.
The expected risk-free interest rates for all periods were based on the yields of Treasury Securities, as reported by the Federal Reserve Bank of New York, with maturities equal to the expected terms of the employee stock options.
SVB FINANCIAL GROUP AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) funds, and other relevant factors, we may begin or suspend repurchases at any time prior to the termination of the repurchase program on June 30, 2007, without any prior notice.
From January 1, 2006 through March 16, 2006, the Company repurchased 435,000 shares of its common stock totalling $21.9 million under the stock repurchase program leaving $79.7 million that still may be repurchased under the program.
The Company’s trading window closed at the close of business on March 3, 2006.
To continue the repurchase program, the Company put into effect a 10b5-1 plan which allows the Company to automatically repurchase a predetermined number shares per day at the market price on every trading day until the trading window re-opens three days after the Company releases its first quarter 2006 earnings.
Unaudited Quarterly Financial Data Supplemental consolidated financial information for each three month period over the years ended December 31, 2005 and 2004 are as follows:
## Table 2 ##
or pledging purposes with a maturity in excess of six months, and anticipated near-term cash flows from investments.
Our policy guidelines provide that liquid assets as a percentage of total deposits should not fall below 20.0%.
Our ratio of liquid assets to total deposits was 39.6% and 47.6% at December 31, 2005 and 2004, respectively, both well in excess of our minimum policy guidelines.
In addition to monitoring the level of liquid assets relative to total deposits, we also utilize other policy measures in our liquidity management activities.
As of December 31, 2005 and 2004, we were in compliance with all of these policy measures.
On a stand-alone basis, SVB Financial’s primary liquidity channels include dividends from Silicon Valley Bank, its investment portfolio assets, and its ability to raise debt and capital.
The ability of Silicon Valley Bank to pay dividends is subject to certain regulations; see Item 1.
Business—Supervision and Regulation—Restriction on Dividends.
## Table 3 ##
In analyzing our liquidity for 2005, 2004 and 2003, reference is made to our consolidated statement of cash flows for the years ended December 31, 2005, 2004 and 2003; see Item 8.
Consolidated Financial Statements and Supplemental Data.
The statement of cash flows includes separate categories for operating, investing, and financing activities.
Cash provided by operating activities for 2005 was $113.6 million, which included net income of $92.5 million.
Adjustments for noncash items included $9.8 million in tax benefits related to stock compensation, $7.9 million of stock-based compensation and $7.8 million of depreciation and amortization offset by amortization of deferred warrant related loan fees of $6.1 million, net investment gains of $4.3 million and changes in fair value of derivatives of $3.3 million.
Sources of cash from changes in other assets and liabilities included a decrease in accounts receivable of $7.6 million, a decrease in income tax receivable of $2.0 million and an increase in accrued retention, incentive plan and other compensation benefits payable of $1.6 million.
These sources of cash were offset by a $9.7 million increase in accrued interest receivable.
Cash used for investing activities was $567.9 million for the year ended December 31, 2005.
Net cash outflow was primarily driven by a net increase in loans of $549.4 million and purchases of premises and equipment of $18.3 million.
In addition, purchases of investment securities of $534.3 million, offset by $27.3 million in proceeds from the sale of investment securities and $495.4 million in proceeds from maturities and pay-downs of investment securities also contributed to the net cash outflow.
Cash provided by financing activities was $289.2 million for the year ended December 31, 2005, largely, driven by net increases in other borrowings of $269.7 million and capital contributions from minority interest participants net of distributions of $45.4 million.
Deposits and proceeds from the issuance

<table><tr><td></td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>Net sales</td><td>$7,457</td><td>$7,463</td><td>$6,930</td></tr><tr><td>Operating profit</td><td>1,256</td><td>1,069</td><td>973</td></tr><tr><td>Operating margins</td><td>16.8%</td><td>14.3%</td><td>14.0%</td></tr><tr><td>Backlog at year-end</td><td>14,700</td><td>14,400</td><td>12,800</td></tr></table>
<table><tr><td> </td><td colspan="3"> Years Ended December 31,</td></tr><tr><td> </td><td>2005</td><td>2004</td><td> 2003</td></tr><tr><td>Expected term of options in years</td><td>5.1</td><td>4.7</td><td>4.0</td></tr><tr><td>Volatility of the Company’s underlying common stock</td><td>37.1%</td><td>63.6%</td><td>70.6%</td></tr><tr><td>Risk-free interest rate</td><td>4.05%</td><td>3.58%</td><td>2.98%</td></tr><tr><td>Dividend yield</td><td>—%</td><td>—%</td><td>—%</td></tr><tr><td>Weighted average fair value</td><td>$17.61</td><td>$20.40</td><td>$15.82</td></tr></table>
<table><tr><td> </td><td colspan="4"> Three Months Ended</td></tr><tr><td> </td><td> March 31,</td><td>June 30,</td><td> September 30,</td><td> December 31,</td></tr><tr><td> </td><td colspan="4"> (Dollars in thousands, except per share amounts)</td></tr><tr><td> Year Ended December 31, 2005:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest income</td><td>$72,183</td><td>$75,213</td><td>$82,617</td><td>$86,446</td></tr><tr><td>Interest expense</td><td>3,057</td><td>3,779</td><td>4,893</td><td>5,437</td></tr><tr><td>Net interest income</td><td>69,126</td><td>71,434</td><td>77,724</td><td>81,009</td></tr><tr><td>Provision for/(recovery of) loan and lease losses</td><td>-3,814</td><td>814</td><td>1,427</td><td>1,810</td></tr><tr><td>Noninterest income</td><td>25,369</td><td>30,389</td><td>24,933</td><td>36,804</td></tr><tr><td>Noninterest expense</td><td>60,815</td><td>66,325</td><td>61,983</td><td>70,737</td></tr><tr><td>Minority interest in net (income) losses of consolidated affiliates</td><td>441</td><td>372</td><td>-1,281</td><td>-2,928</td></tr><tr><td>Income before income tax expense</td><td>37,935</td><td>35,056</td><td>37,966</td><td>42,338</td></tr><tr><td>Income tax expense</td><td>14,999</td><td>14,160</td><td>14,907</td><td>16,692</td></tr><tr><td>Net income</td><td>$22,936</td><td>$20,896</td><td>$23,059</td><td>$25,646</td></tr><tr><td>Earnings per common share—basic</td><td>$0.64</td><td>$0.60</td><td>$0.66</td><td>$0.74</td></tr><tr><td>Earnings per common share—diluted</td><td>$0.59</td><td>$0.54</td><td>$0.60</td><td>$0.67</td></tr><tr><td> Year Ended December 31, 2004:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest income</td><td>$52,295</td><td>$55,978</td><td>$62,727</td><td>$69,868</td></tr><tr><td>Interest expense</td><td>2,740</td><td>2,836</td><td>2,900</td><td>2,915</td></tr><tr><td>Net interest income</td><td>49,555</td><td>53,142</td><td>59,827</td><td>66,953</td></tr><tr><td>Provision for/(recovery of) loan and lease</td><td>645</td><td>-6,175</td><td>-1,390</td><td>-3,369</td></tr><tr><td>Noninterest income</td><td>24,068</td><td>30,689</td><td>21,164</td><td>31,853</td></tr><tr><td>Noninterest expense</td><td>51,832</td><td>66,349</td><td>58,463</td><td>65,186</td></tr><tr><td>Minority interest in net (income) of consolidated affiliates</td><td>-481</td><td>-67</td><td>-2</td><td>-2,540</td></tr><tr><td>Income before income tax expense</td><td>20,665</td><td>23,590</td><td>23,916</td><td>34,449</td></tr><tr><td>Income tax expense</td><td>7,444</td><td>9,129</td><td>8,525</td><td>13,656</td></tr><tr><td>Net income</td><td>$13,221</td><td>$14,461</td><td>$15,391</td><td>$20,793</td></tr><tr><td>Earnings per common share—basic</td><td>$0.38</td><td>$0.41</td><td>$0.44</td><td>$0.58</td></tr><tr><td>Earnings per common share—diluted</td><td>$0.36</td><td>$0.39</td><td>$0.41</td><td>$0.54</td></tr></table>
<table><tr><td> </td><td colspan="3">Years Ended December 31,</td></tr><tr><td> </td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td> </td><td colspan="3">(Dollars in thousands)</td></tr><tr><td>Cash and due from banks</td><td>$286,446</td><td>$284,208</td><td>$252,521</td></tr><tr><td>Federal funds sold, securities purchased under agreements to resell and other short-term investment securities</td><td>175,652</td><td>343,010</td><td>582,792</td></tr><tr><td>Cash and cash equivalents</td><td>$462,098</td><td>$627,218</td><td>$835,313</td></tr><tr><td>Percentage of total assets</td><td>8.3%</td><td>12.2%</td><td>18.7%</td></tr><tr><td>Net cash provided by operating activities</td><td>$113,564</td><td>$94,336</td><td>$76,285</td></tr><tr><td>Net cash used by investing activities</td><td>-567,893</td><td>-876,320</td><td>-299,528</td></tr><tr><td>Net cash provided by financing activities</td><td>289,209</td><td>573,889</td><td>234,186</td></tr><tr><td>Net (decrease) increase in cash and cash equivalents</td><td>$-165,120</td><td>$-208,095</td><td>$10,943</td></tr></table>

Question: What is the difference between the greatest Interest expense in 2005 and 2004？ (in thousand)
Answer: 2522