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Condensed Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on non-covered loans $ 11,041 $ 11,644 $ 33,172 $ 35,010
Interest and fees on covered loans 5,559 8,998 18,244 28,248
Interest on taxable investment securities 1,433 1,238 4,090 3,981
Interest on tax-exempt investment securities 392 311 1,157 842
Other 44 71 142 190
Total interest income 18,469 22,262 56,805 68,271
Interest expense:        
Interest on deposits 1,202 1,575 3,760 5,124
Interest on junior subordinated debentures 120 135 359 404
Total interest expense 1,322 1,710 4,119 5,528
Net interest income 17,147 20,552 52,686 62,743
Provision for loan losses, non-covered loans 525 1,250 1,825 5,600
Provision for loan losses, covered loans 0 0 12,414 398
Net interest income after provision for loan losses 16,622 19,302 38,447 56,745
Noninterest income:        
Service charges and fees 870 886 2,531 2,700
Electronic banking income 1,004 820 3,116 2,728
Investment products 128 335 600 1,064
Gain on sale of investment securities, net 0 345 556 687
Bank owned life insurance income 38 43 113 158
Income from the sale of mortgage loans 726 1,146 2,798 2,627
SBA premium income 269 126 762 318
Change in FDIC indemnification asset (1,030) (2,762) 6,298 (8,898)
Gain on disposition of covered assets 871 125 1,464 1,310
Other 261 294 942 949
Total noninterest income 3,137 1,358 19,180 3,643
Noninterest expense:        
Salaries and benefits 7,396 7,741 22,253 22,317
Occupancy and equipment 1,767 1,738 5,404 5,126
Office supplies and printing 349 378 1,139 1,216
Data processing 534 539 1,638 1,603
Consulting and professional fees 163 194 637 710
Intangible amortization 111 129 329 383
FDIC premiums 265 314 835 967
FDIC clawback liability adjustment 87 247 (176) 1,385
Non-covered OREO and repossession expenses, net 399 398 1,303 1,511
Covered OREO and repossession expenses, net 178 122 751 1,274
Other 1,823 1,863 5,752 5,935
Total noninterest expense 13,072 13,663 39,865 42,427
Income before provision for income tax 6,687 6,997 17,762 17,961
Provision for income tax 2,185 2,359 5,768 5,703
Net income available to common shareholders $ 4,502 $ 4,638 $ 11,994 $ 12,258
Net income available per common share, basic (in dollars per share) $ 0.29 $ 0.30 $ 0.77 $ 0.80
Net income available per common share, diluted (in dollars per share) $ 0.29 $ 0.30 $ 0.77 $ 0.79
Average number of common shares outstanding, basic (in shares) 15,531 15,413 15,491 15,418
Average number of common shares outstanding, diluted (in shares) 15,589 15,446 15,538 15,453