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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest and dividend income        
Loans $ 39,497 $ 35,719 $ 113,335 $ 88,932
Securities and other 3,626 3,547 11,116 10,300
Total interest and dividend income 43,123 39,266 124,451 99,232
Interest expense        
Deposits 5,628 6,097 16,612 17,580
Borrowings and junior subordinated debentures 2,270 2,131 6,416 6,267
Total interest expense 7,898 8,228 23,028 23,847
Net interest income 35,225 31,038 101,423 75,385
Non-interest income        
Loan related fees 5,646 934 10,543 2,305
Deposit related fees 3,775 3,885 11,238 9,792
Insurance commissions and fees 2,742 2,431 8,256 8,943
Wealth management fees 1,774 1,607 5,431 4,188
Total fee income 13,937 8,857 35,468 25,228
Other 375 (158) 885 (355)
Gain on sale of securities, net 1 1,975 50 2,105
Total non-interest income 14,313 10,674 36,403 26,978
Total net revenue 49,538 41,712 137,826 102,363
Provision for loan losses 2,500 2,200 6,750 5,300
Non-interest expense        
Compensation and benefits 15,992 13,195 45,219 36,373
Occupancy and equipment 4,599 3,883 13,484 10,864
Technology and communications 2,302 1,996 6,518 4,993
Marketing and promotion 419 498 1,548 1,120
Professional services 1,327 1,375 4,185 3,523
FDIC premiums and assessments 907 923 2,458 2,691
Other real estate owned and foreclosures 42 541 215 1,850
Amortization of intangible assets 1,314 1,271 3,982 2,922
Merger, acquisition and conversion related expenses 2,214 9,091 10,522 16,250
Other 3,046 1,937 8,409 5,936
Total non-interest expense 32,162 34,710 96,540 86,522
Income from continuing operations before income taxes 14,876 4,802 34,536 10,541
Income tax expense 4,847 405 10,040 1,432
Net income from continuing operations 10,029 4,397 24,496 9,109
Loss from discontinued operations before income taxes (including gain on disposal of $63)   (8) (261) (8)
Income tax expense   (3) 376 (3)
Net loss from discontinued operations   (5) (637) (5)
Net income $ 10,029 $ 4,392 $ 23,859 $ 9,104
Basic earnings per share:        
Continuing operations (in dollars per share) $ 0.46 $ 0.22 $ 1.14 $ 0.54
Discontinued operations (in dollars per share)     $ (0.03)  
Total basic earnings per share (in dollars per share) $ 0.46 $ 0.22 $ 1.11 $ 0.54
Diluted earnings per share:        
Continuing operations (in dollars per share) $ 0.46 $ 0.22 $ 1.13 $ 0.54
Discontinued operations (in dollars per share)     $ (0.03)  
Total diluted earnings per share (in dollars per share) $ 0.46 $ 0.22 $ 1.10 $ 0.54
Weighted average common shares outstanding:        
Basic (in shares) 21,921 20,009 21,541 16,863
Diluted (in shares) 22,031 20,105 21,635 16,915