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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Real estate secured loans $ 40,381 $ 37,585 $ 78,933 $ 75,920
Commercial loans 11,548 10,055 22,095 20,026
Consumer loans 5,869 5,875 11,531 11,832
Securities available for sale and Federal Home Loan Bank Stock 6,663 6,120 13,745 12,312
Investment securities held to maturity 2,906 2,767 5,576 5,606
Deposits, Federal funds sold and other short-term investments 19 11 29 21
Total interest income 67,386 62,413 131,909 125,717
Interest expense:        
Deposits 3,687 4,607 7,425 9,563
Borrowed funds 6,298 4,395 11,882 8,848
Total interest expense 9,985 9,002 19,307 18,411
Net interest income 57,401 53,411 112,602 107,306
Provision for loan losses 1,500 1,000 1,900 2,500
Net interest income after provision for loan losses 55,901 52,411 110,702 104,806
Non-interest income:        
Fees 7,619 8,318 14,474 16,278
Bank-owned life insurance 1,577 2,944 2,879 4,154
Net gain (loss) on securities transactions 110 423 (240) 934
Other income 1,021 952 1,330 1,216
Total non-interest income 10,327 12,637 18,443 22,582
Non-interest expense:        
Compensation and employee benefits 23,581 20,154 44,974 40,997
Net occupancy expense 5,623 5,044 11,712 10,250
Data processing expense 2,761 2,647 5,558 5,269
FDIC insurance 1,144 1,224 2,280 2,474
Amortization of intangibles 519 516 802 1,027
Advertising and promotion expense 1,081 1,277 2,146 2,023
Other operating expenses 8,962 6,951 14,389 12,719
Total non-interest expense 43,671 37,813 81,861 74,759
Income before income tax expense 22,557 27,235 47,284 52,629
Income tax expense 6,206 8,007 13,904 15,573
Net income $ 16,351 $ 19,228 $ 33,380 $ 37,056
Basic earnings per share (usd per share) $ 0.28 $ 0.34 $ 0.57 $ 0.65
Weighted average basic shares outstanding (in shares) 59,147,241 57,206,242 58,263,052 57,186,828
Diluted earnings per share (usd per share) $ 0.28 $ 0.34 $ 0.57 $ 0.65
Weighted average diluted shares outstanding (in shares) 59,269,262 57,283,646 58,403,753 57,240,932