XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Real estate secured loans $ 38,552 $ 38,335
Commercial loans 10,547 9,971
Consumer loans 5,662 5,957
Securities available for sale and Federal Home Loan Bank Stock 7,082 6,192
Investment securities held to maturity 2,670 2,839
Deposits, Federal funds sold and other short-term investments 10 10
Total interest income 64,523 63,304
Interest expense:    
Deposits 3,738 4,956
Borrowed funds 5,584 4,453
Total interest expense 9,322 9,409
Net interest income 55,201 53,895
Provision for loan losses 400 1,500
Net interest income after provision for loan losses 54,801 52,395
Non-interest income:    
Fees 6,855 7,960
Bank-owned life insurance 1,302 1,210
Net gain on securities transactions (350) 511
Other income 309 264
Total non-interest income 8,116 9,945
Non-interest expense:    
Compensation and employee benefits 21,393 20,843
Net occupancy expense 6,089 5,206
Data processing expense 2,797 2,622
FDIC insurance 1,136 1,250
Advertising and promotion expense 1,065 746
Amortization of intangibles 283 511
Other operating expenses 5,427 5,768
Total non-interest expense 38,190 36,946
Income before income tax expense 24,727 25,394
Income tax expense 7,698 7,566
Net income $ 17,029 $ 17,828
Basic earnings per share $ 0.30 $ 0.31
Average basic shares outstanding 57,369,039 57,167,198
Diluted earnings per share $ 0.30 $ 0.31
Average diluted shares outstanding 57,528,419 57,337,215