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Condensed Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Interest and fees on non-covered loans $ 11,753 $ 12,640
Interest and fees on covered loans 9,868 8,310
Interest on taxable investment securities 1,356 793
Interest on tax-exempt investment securities 255 210
Other 51 45
Total interest income 23,283 21,998
Interest expense:    
Interest on deposits 1,845 2,591
Interest on junior subordinated debentures 136 120
Total interest expense 1,981 2,711
Net interest income 21,302 19,287
Provision for loan losses, non-covered loans 2,000 3,000
Net interest income after provision for loan losses 19,302 16,287
Noninterest income:    
Service charges and fees 893 963
Electronic banking income 896 693
Investment products 362 222
Gain on sale of investment securities, net 342 0
Bank owned life insurance income 60 80
Income from the sale of mortgage loans 705 338
SBA premium income 87 121
Change in FDIC indemnification asset (2,991) (1,316)
Gain on disposition of covered assets 629 2,218
Other 314 413
Total noninterest income 1,297 3,732
Noninterest expense:    
Salaries and benefits 7,334 6,819
Occupancy and equipment 1,729 1,667
Office supplies and printing 413 432
Data processing 528 470
Consulting and professional fees 243 444
Intangible amortization 126 157
Merger related expenses 0 119
FDIC premiums 336 589
FDIC clawback liability 40 0
Non-covered OREO and repossession expenses 374 300
Covered OREO and repossession expenses 574 770
Other 1,958 2,289
Total noninterest expense 13,655 14,056
Income before provision for income taxes 6,944 5,963
Provision for income taxes 2,171 1,887
Net income before preferred dividends 4,773 4,076
Preferred stock dividends and discount accretion 0 1,084
Net income available to common shareholders $ 4,773 $ 2,992
Net income available per common share, basis (in dollars per share) $ 0.31 $ 0.20
Net income available per common share, diluted (in dollars per share) $ 0.31 $ 0.19
Average number of common shares outstanding, basis (in shares) 15,409,000 15,329,000
Average number of common shares outstanding, diluted (in shares) 15,441,000 15,467,000