XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans $ 42,316 $ 35,998 $ 82,679 $ 72,022
Interest and dividends on investment securities 2,323 1,811 4,656 3,507
Interest on balances with other banks and short-term investments 116 173 254 382
Interest on federal funds sold 4 3 7 7
Total interest income 44,759 37,985 87,596 75,918
Interest Expense        
Interest on deposits 2,324 2,638 4,736 5,578
Interest on customer repurchase agreements 31 64 69 133
Interest on long-term borrowings 384 419 764 834
Total interest expense 2,739 3,121 5,569 6,545
Net Interest Income 42,020 34,864 82,027 69,373
Provision for Credit Losses 3,134 2,357 5,068 5,722
Net Interest Income After Provision For Credit Losses 38,886 32,507 76,959 63,651
Noninterest Income        
Service charges on deposits 1,219 951 2,411 2,236
Gain on sale of loans 1,021 4,768 2,864 10,417
Gain on sale of investment securities 2   10 23
Increase in the cash surrender value of bank owned life insurance 310 95 624 189
Other income 1,259 1,251 2,365 2,311
Total noninterest income 3,811 7,065 8,274 15,176
Noninterest Expense        
Salaries and employee benefits 13,015 11,335 26,623 22,535
Premises and equipment expenses 3,107 2,927 6,196 5,727
Marketing and advertising 415 394 877 741
Data processing 1,432 1,531 3,020 3,070
Legal, accounting and professional fees 799 589 1,773 1,362
FDIC insurance 563 614 1,107 1,196
Other expenses 2,804 3,295 5,637 6,751
Total noninterest expense 22,135 20,685 45,233 41,382
Income Before Income Tax Expense 20,562 18,887 40,000 37,445
Income Tax Expense 7,618 7,212 14,557 14,198
Net Income 12,944 11,675 25,443 23,247
Preferred Stock Dividends 142 142 283 283
Net Income Available to Common Shareholders $ 12,802 $ 11,533 $ 25,160 $ 22,964
Earnings Per Common Share        
Basic (in Dollars per share) $ 0.49 $ 0.45 $ 0.97 $ 0.90
Diluted (in Dollars per share) $ 0.48 $ 0.44 $ 0.95 $ 0.88