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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:        
Interest and fees on loans $ 30,983 $ 28,738 $ 93,565 $ 78,201
Interest on debt securities:        
Taxable 2,853 1,626 8,666 5,306
Nontaxable 184 48 449 97
Interest on federal funds sold 0 0 1 9
Interest on interest-bearing deposits 166 73 427 255
Dividends on equity securities 99 89 269 255
Total interest income 34,285 30,574 103,377 84,123
Interest expense:        
Interest-bearing transaction accounts 211 194 606 649
Money market accounts 2,004 1,598 6,210 4,445
Savings 35 9 53 26
Certificates of deposit:        
$100 and over 2,297 2,223 6,959 7,547
Other 855 1,306 2,708 4,625
Subordinated debentures 1,128 1,261 3,375 3,730
Federal Home Loan Bank advances 881 1,081 2,669 3,288
Notes payable and other borrowings 105 70 316 192
Total interest expense 7,516 7,742 22,896 24,502
Net interest income 26,769 22,832 80,481 59,621
Provision for loan losses 8,072 7,650 16,247 30,410
Net interest income after provision for loan losses 18,697 15,182 64,234 29,211
Noninterest income:        
Wealth Management revenue 1,832 1,561 5,173 4,647
Service charges on deposit accounts 1,332 1,208 3,663 3,594
Other service charges and fee income 464 308 1,105 823
Gain on sale of other real estate 517 144 1,039 434
Gain on state tax credits, net 1,368 884 2,510 2,253
Gain on sale of investment securities 768 124 1,448 1,206
Miscellaneous income 2,445 666 2,969 1,522
Total noninterest income 8,726 4,895 17,907 14,479
Noninterest expense:        
Employee compensation and benefits 9,329 7,363 26,282 20,996
Occupancy 1,306 901 3,586 3,171
Furniture and equipment 431 341 1,216 1,035
Data processing 642 539 1,872 1,670
FDIC and other insurance 828 1,147 3,183 3,212
Loan legal and other real estate expense 1,576 2,694 7,267 5,635
Other 4,190 2,708 10,885 8,262
Total noninterest expense 18,302 15,693 54,291 43,981
Income (loss) before income tax expense (benefit) 9,121 4,384 27,850 (291)
Income tax expense (benefit) 3,289 1,183 9,633 (878)
Net income 5,832 3,201 18,217 587
Net income (loss) available to common shareholders $ 5,200 $ 2,583 $ 16,329 $ (1,258)
Earnings (loss) per common share        
Basic $ 0.29 $ 0.17 $ 1.00 $ (0.09)
Diluted $ 0.29 $ 0.17 $ 0.98 $ (0.09)