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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Interest and fees on non-covered loans $ 46,530 $ 49,760 $ 53,414
Interest and fees on covered loans 36,418 34,819 19,173
Interest on taxable investment securities 5,333 3,967 2,348
Interest on tax-exempt investment securities 1,178 902 716
Other 251 259 298
Total interest income 89,710 89,707 75,949
Interest expense:      
Interest on deposits 6,581 9,492 11,091
Interest on other borrowed funds 0 0 243
Interest on junior subordinated debentures 532 489 496
Total interest expense 7,113 9,981 11,830
Net interest income 82,597 79,726 64,119
Provision for loan losses, non-covered loans 7,100 10,500 12,150
Provision (recovery) for loan losses, covered loans 2,644 (450) 1,336
Net interest income after provision for loan losses 72,853 69,676 50,633
Noninterest income:      
Service charges and fees 3,560 3,818 3,346
Electronic banking income 3,666 3,197 2,306
Investment products 1,295 1,072 522
Gain on sale of investment securities, net 931 0 0
Bank owned life insurance income 191 311 226
Income from the sale of mortgage loans 3,848 1,197 1,134
SBA premium income 602 444 578
Change in FDIC indemnification asset (9,126) (9,232) 1,884
Gain on disposition of covered assets 1,877 6,312 1,840
Bargain purchase gain on acquisition 0 0 19,925
Other 1,402 2,093 1,770
Total noninterest income 8,246 9,212 33,531
Noninterest expense:      
Salaries and benefits 29,944 27,496 23,527
Occupancy and equipment 6,883 6,553 5,631
Office supplies and printing 1,643 1,665 1,594
Data processing 2,134 1,916 1,434
Consulting and professional fees 904 1,152 891
Intangible amortization 512 622 672
Merger related expenses 0 324 2,113
FDIC premiums 1,281 1,818 1,609
FDIC clawback liability 1,680 1,576 0
Non-covered OREO and repossession expenses, net 1,841 1,358 1,196
Covered OREO and repossession expenses, net 1,699 2,192 1,240
Other 7,878 9,153 6,890
Total noninterest expense 56,399 55,825 46,797
Income before provision for income tax 24,700 23,063 37,367
Provision for income tax 7,856 7,111 11,797
Net income before preferred dividends 16,844 15,952 25,570
Preferred stock dividends and discount accretion 0 1,084 1,659
Net income available to common shareholders $ 16,844 $ 14,868 $ 23,911
Net income available per common share, basic (in dollars per share) $ 1.09 $ 0.97 $ 1.56
Net income available per common share, diluted (in dollars per share) $ 1.09 $ 0.97 $ 1.55
Average number of common shares outstanding, basic (in shares) 15,422,000 15,329,000 15,307,000
Average number of common shares outstanding, diluted (in shares) 15,455,000 15,393,000 15,465,000