XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Loans, Including Fees $ 29,618 $ 22,745 $ 58,759 $ 46,122
Investment securities:        
Taxable 1,047 1,193 2,086 2,525
Tax Exempt 2,926 2,312 5,774 4,739
Interest Earning Balances and Other 84 48 207 91
Total Interest Income 33,675 26,298 66,826 53,477
Interest Expense [Abstract]        
Demand Deposits 3,539 3,484 7,139 7,143
Time Deposits 2,785 3,810 5,937 7,862
Short-term Borrowings 134 129 171 261
Long-term Debt 906 719 1,480 1,443
Total Interest Expense 7,364 8,142 14,727 16,709
Net Interest Income 26,311 18,156 52,099 36,768
Provision For Loan Losses 2,288 8,330 6,403 13,509
Net Interest Income after Provision for Loan Losses 24,023 9,826 45,696 23,259
Noninterest Income [Abstract]        
Mortgage Fees 2,480 1,378 4,861 2,494
Service Charges 1,034 749 1,960 1,487
Gain on Sale of SBA Loans 250 669 603 897
Earnings on Bank-Owned Life Insurance 542 395 1,101 805
Net Gain (Loss) on Investment Securities Available For Sale 176 0 (52) 1,619
Gain on Acquisition 0 7,734 719 7,734
Other 1,120 757 2,612 2,455
Total Noninterest Income 5,602 11,682 11,804 17,491
Noninterest Expense [Abstract]        
Salaries and Employee Benefits 12,728 9,692 25,533 19,593
Occupancy 1,507 1,078 3,190 2,198
Furniture and Equipment 1,260 952 2,639 2,026
Data Processing and Supply 720 696 1,443 1,393
Advertising and Business Development 610 375 1,197 763
Insurance, Professional and Other Services 1,457 1,221 2,915 2,566
FDIC Insurance Assessments 780 500 1,446 1,100
Loan, Foreclosure and Other Real Estate Owned Expenses 2,876 3,145 4,894 4,621
Other 1,821 1,518 3,618 2,742
Total Noninterest Expense 23,759 19,177 46,875 37,002
Income Before Income Tax Expense (Benefit) 5,866 2,331 10,625 3,748
Income Tax Expense (Benefit) 1,199 40 1,679 (268)
Net Income 4,667 2,291 8,946 4,016
Less Preferred Stock Dividends and Discount Accretion 531 601 1,060 1,202
Net Income Available to Common Shareholders $ 4,136 $ 1,690 $ 7,886 $ 2,814
Basic Earnings Per Common Share $ 0.16 $ 0.13 $ 0.30 $ 0.24
Diluted Earnings Per Common Share $ 0.16 $ 0.13 $ 0.30 $ 0.24
Dividends Declared and Paid Per Common Share $ 0.05 $ 0.05 $ 0.10 $ 0.10