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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans $ 34,805 $ 29,119 $ 98,161 $ 81,013
Interest and dividends on investment securities 1,735 1,469 5,279 4,754
Interest on balances with other banks and short-term investments 83 136 298 172
Interest on federal funds sold 13 17 41 94
Total interest income 36,636 30,741 103,779 86,033
Interest Expense        
Interest on deposits 2,722 4,613 9,130 13,121
Interest on customer repurchase agreements 68 212 250 533
Interest on short-term borrowings 2   2  
Interest on long-term borrowings 536 540 1,605 1,603
Total interest expense 3,328 5,365 10,987 15,257
Net Interest Income 33,308 25,376 92,792 70,776
Provision for Credit Losses 3,638 2,887 12,051 8,218
Net Interest Income After Provision For Credit Losses 29,670 22,489 80,741 62,558
Noninterest Income        
Service charges on deposits 988 880 2,902 2,301
Gain on sale of loans 3,144 1,065 9,867 3,872
Gain on sale of investment securities 464 854 765 1,445
Loss on early extinguishment of debt (529)   (529)  
Increase in the cash surrender value of bank owned life insurance 100 100 294 301
Other income 684 612 2,005 1,718
Total noninterest income 4,851 3,511 15,304 9,637
Noninterest Expense        
Salaries and employee benefits 10,807 9,263 31,520 24,335
Premises and equipment expenses 2,562 1,939 7,541 5,982
Marketing and advertising 497 234 1,340 1,215
Data processing 1,066 876 3,273 2,477
Legal, accounting and professional fees 1,073 731 3,315 2,870
FDIC insurance 485 285 1,553 1,628
Other expenses 2,617 2,395 7,664 6,462
Total noninterest expense 19,107 15,723 56,206 44,969
Income Before Income Tax Expense 15,414 10,277 39,839 27,226
Income Tax Expense 5,739 3,783 14,748 9,842
Net Income 9,675 6,494 25,091 17,384
Preferred Stock Dividends and Discount Accretion 142 166 425 1,369
Net Income Available to Common Shareholders $ 9,533 $ 6,328 $ 24,666 $ 16,015
Earnings Per Common Share        
Basic (in Dollars per share) $ 0.45 $ 0.32 $ 1.20 $ 0.81
Diluted (in Dollars per share) $ 0.44 $ 0.31 $ 1.17 $ 0.79