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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Interest and fees on non-covered loans $ 44,166 $ 46,530 $ 49,760
Interest and fees on covered loans 23,710 36,418 34,819
Interest on taxable investment securities 5,720 5,333 3,967
Interest on tax-exempt investment securities 1,557 1,178 902
Other 206 251 259
Total interest income 75,359 89,710 89,707
Interest expense:      
Interest on deposits 4,942 6,581 9,492
Interest on junior subordinated debentures 478 532 489
Total interest expense 5,420 7,113 9,981
Net interest income 69,939 82,597 79,726
Provision for loan losses, non-covered loans 1,875 7,100 10,500
Provision (recovery) of loan losses, covered loans 12,740 2,644 (450)
Net interest income after provision for loan losses 55,324 72,853 69,676
Noninterest income:      
Service charges and fees 3,401 3,560 3,818
Electronic banking income 4,101 3,666 3,197
Investment products 771 1,295 1,072
Gain on sale of investment securities, net 556 931 0
Bank owned life insurance income 132 191 311
Income from the sale of mortgage loans 3,267 3,848 1,197
SBA premium income 894 602 444
Change in FDIC indemnification asset 5,735 (9,126) (9,232)
Gain on disposition of covered assets 2,315 1,877 6,312
Other 1,173 1,402 2,093
Total noninterest income 22,345 8,246 9,212
Noninterest expense:      
Salaries and benefits 30,909 29,944 27,496
Occupancy and equipment 7,287 6,883 6,553
Office supplies and printing 1,501 1,643 1,665
Data processing 2,185 2,134 1,916
Consulting and professional fees 849 904 1,152
Intangible amortization 439 512 622
Merger related expenses 652 0 324
FDIC premiums 1,091 1,281 1,818
FDIC clawback liability adjustment (88) 1,680 1,576
Non-covered OREO and repossession expenses, net 2,227 1,841 1,358
Covered OREO and repossession expenses, net 1,696 1,699 2,192
Other 7,553 7,878 9,153
Total noninterest expense 56,301 56,399 55,825
Income before provision for income tax 21,368 24,700 23,063
Provision for income tax 6,872 7,856 7,111
Net income before preferred dividends 14,496 16,844 15,952
Preferred stock dividends and discount accretion 0 0 1,084
Net income available to common shareholders $ 14,496 $ 16,844 $ 14,868
Net income available per common share, basic (in dollars per share) $ 0.94 $ 1.09 $ 0.97
Net income available per common share, diluted (in dollars per share) $ 0.93 $ 1.09 $ 0.97
Average number of common shares outstanding, basic (in shares) 15,495 15,422 15,329
Average number of common shares outstanding, diluted (in shares) 15,551 15,455 15,393