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SELECTED QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (Unaudited)  
Schedule of company's unaudited, quarterly results

 

 

 
  Three Months Ended  
 
  December 31,
2013
  September 30,
2013
  June 30,
2013
  March 31,
2013
 
 
  (Dollars in thousands, except per share data)
 

Interest income

  $ 83,856   $ 85,158   $ 71,631   $ 69,269  

Interest expense

    (2,598 )   (2,869 )   (3,158 )   (3,576 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest income

    81,258     82,289     68,473     65,693  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Negative provision (provision) for credit losses

    1,338     4,167     1,842     (3,137 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FDIC loss sharing expense, net

    (10,593 )   (7,032 )   (5,410 )   (3,137 )

(Loss) gain on sale of securities

    (272 )   —     —     409  

Acquisition-related securities gain

    —     5,222     —     —  

Other noninterest income

    6,939     6,937     5,613     5,568  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest income

    (3,926 )   5,127     203     2,840  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accelerated vesting of restricted stock

    (12,420 )   —     —     —  

Non-covered OREO expense, net

    (25 )   88     (80 )   (313 )

Covered OREO expense, net

    594     332     94     813  

Acquisition and integration costs

    (4,253 )   (5,450 )   (17,997 )   (692 )

Other noninterest expense

    (49,984 )   (51,170 )   (46,233 )   (43,991 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest expense

    (66,088 )   (56,200 )   (64,216 )   (44,183 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings from continuing operations before income taxes

    12,582     35,383     6,302     21,213  

Income tax expense

    (9,135 )   (11,243 )   (1,906 )   (7,719 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings from continuing operations

    3,447     24,140     4,396     13,494  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings (loss) from discontinued operations before income taxes

    (578 )   39     (81 )   —  

Income tax (expense) benefit

    240     (16 )   34     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings (loss) from discontinued operations

    (338 )   23     (47 )   —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

  $ 3,109   $ 24,163   $ 4,349   $ 13,494  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Basic earnings per share:

                         

Net earnings from continuing operations

  $ 0.07   $ 0.53   $ 0.11   $ 0.37  

Net earnings

  $ 0.06   $ 0.53   $ 0.11   $ 0.37  

Diluted earnings per share:

                         

Net earnings from continuing operations

  $ 0.07   $ 0.53   $ 0.11   $ 0.37  

Net earnings

  $ 0.06   $ 0.53   $ 0.11   $ 0.37  


 

 
  Three Months Ended  
 
  December 31,
2012
  September 30,
2012
  June 30,
2012
  March 31,
2012
 
 
  (Dollars in thousands, except per share data)
 

Interest income

  $ 73,702   $ 75,123   $ 72,890   $ 74,400  

Interest expense

    (4,099 )   (4,352 )   (4,477 )   (6,720 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest income

    69,603     70,771     68,413     67,680  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Negative provision for credit losses

    4,333     2,141     271     6,074  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FDIC loss sharing expense, net

    (6,022 )   (367 )   (102 )   (3,579 )

Gain on sale of securities

    1,239     —     —     —  

Other-than-temporary impairment loss on covered security

    —     —     (1,115 )   —  

Other noninterest income

    6,840     6,049     6,088     6,841  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest income

    2,057     5,682     4,871     3,262  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Non-covered OREO expense, net

    (316 )   (1,883 )   (130 )   (1,821 )

Covered OREO expense, net

    461     (4,290 )   (2,130 )   (822 )

Acquisition and integration costs

    (1,092 )   (2,101 )   (871 )   (25 )

Debt termination expense

    —     —     —     (22,598 )

Other noninterest expense

    (42,578 )   (43,383 )   (44,454 )   (43,629 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest expense

    (43,525 )   (51,657 )   (47,585 )   (68,895 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes

    32,468     26,937     25,970     8,121  

Income tax expense

    (12,576 )   (10,849 )   (10,413 )   (2,857 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

  $ 19,892   $ 16,088   $ 15,557   $ 5,264  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Earnings per share:

                         

Basic

  $ 0.54   $ 0.43   $ 0.42   $ 0.14  

Diluted

  $ 0.54   $ 0.43   $ 0.42   $ 0.14