XML 53 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Interest and fees on loans $ 30,626 $ 28,395 $ 90,109 $ 89,582
Interest on debt securities:        
Taxable 2,176 2,190 6,434 6,545
Nontaxable 298 298 880 896
Interest on interest-bearing deposits 68 43 153 145
Dividends on equity securities 12 110 107 201
Total interest income 33,180 31,036 97,683 97,369
Interest expense:        
Interest-bearing transaction accounts 293 163 849 385
Money market accounts 822 653 2,136 2,095
Savings accounts 58 52 162 151
Certificates of deposit:        
$100 and over 1,195 1,335 3,654 3,997
Other 348 406 1,074 1,249
Subordinated debentures 314 306 924 1,016
Federal Home Loan Bank advances 9 490 82 1,345
Notes payable and other borrowings 135 187 471 579
Total interest expense 3,174 3,592 9,352 10,817
Net interest income 30,006 27,444 88,331 86,552
Provision for portfolio loan losses 599 66 4,329 2,441
Provision (provision reversal) for purchase credit impaired loan losses (227) (1,877) (3,497) 957
Net interest income after provision for loan losses 29,634 29,255 87,499 83,154
Noninterest income:        
Wealth management revenue 1,773 1,754 5,291 5,191
Service charges on deposit accounts 2,044 1,812 5,898 5,317
Other service charges and fee income 871 849 2,464 2,188
Gain on sale of other real estate 32 114 61 1,514
Gain on state tax credits, net 321 156 1,069 860
Gain on sale of investment securities 0 0 23 0
Change in FDIC loss share receivable (1,241) (2,374) (4,450) (7,526)
Miscellaneous income 929 2,141 3,762 4,235
Total noninterest income 4,729 4,452 14,118 11,779
Noninterest expense:        
Employee compensation and benefits 11,475 11,913 34,262 35,882
Occupancy 1,605 1,683 4,920 4,998
Data processing 1,138 1,045 3,295 3,296
FDIC and other insurance 654 710 2,045 2,170
Loan legal and other real estate expense 530 811 1,356 2,985
Professional fees 800 710 2,626 2,569
FHLB prepayment penalty 298 1,028 760 1,060
Other 3,432 3,221 10,076 9,708
Total noninterest expense 19,932 21,121 59,340 62,668
Income before income tax expense 14,431 12,586 42,277 32,265
Income tax expense 4,722 4,388 14,506 11,059
Net income $ 9,709 $ 8,198 $ 27,771 $ 21,206
Earnings per common share        
Basic (usd per share) $ 0.49 $ 0.41 $ 1.39 $ 1.07
Diluted (usd per share) $ 0.48 $ 0.41 $ 1.37 $ 1.07