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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 43,753 $ 40,957 $ 88,029 $ 82,922
Interest and dividends on securities:        
Taxable 7,357 8,471 14,790 17,061
Tax-exempt 3,264 3,079 6,392 6,158
Total interest and dividends on securities 10,621 11,550 21,182 23,219
Other interest income 50 38 106 85
Total interest and dividend income 54,424 52,545 109,317 106,226
INTEREST EXPENSE        
Interest bearing demand deposits 365 393 666 734
Money market deposits 338 493 677 1,299
Savings deposits 127 200 268 495
Certificates of deposit 5,881 6,621 12,029 13,600
Total interest expense on deposits 6,711 7,707 13,640 16,128
Federal Home Loan Bank borrowings 289 1,288 609 2,665
Other short-term borrowings 627 1,156 1,249 2,334
Junior subordinated debt owed to unconsolidated subsidiary trusts 808 854 1,701 1,728
Total interest expense 8,435 11,005 17,199 22,855
NET INTEREST INCOME 45,989 41,540 92,118 83,371
Provision for credit losses 1,021 5,903 3,123 12,105
Net interest income after provision for credit losses 44,968 35,637 88,995 71,266
NON-INTEREST INCOME        
Trust fees 4,823 4,258 9,840 9,011
Service charges on deposits 4,462 4,218 8,659 8,211
Electronic banking fees 3,195 2,920 6,062 5,683
Net securities brokerage revenue 1,641 1,114 3,138 2,189
Bank-owned life insurance 880 874 2,829 1,754
Net gains on sales of mortgage loans 701 599 1,413 867
Net securities gains 686 1,294 702 1,394
Net gain / (loss) on other real estate owned and other assets 101 (282) 55 (250)
Other income 1,235 899 2,522 2,356
Total non-interest income 17,724 15,894 35,220 31,215
NON-INTEREST EXPENSE        
Salaries and wages 15,772 13,955 31,599 28,270
Employee benefits 5,813 4,920 12,158 10,538
Net occupancy 2,830 2,703 6,022 5,479
Equipment 2,802 2,144 5,209 4,318
Marketing 1,624 1,716 2,429 2,487
FDIC insurance 919 965 1,890 2,011
Amortization of intangible assets 561 524 1,186 1,061
Restructuring and merger-related expense 51   1,229  
Other operating expenses 9,127 9,157 18,524 17,585
Total non-interest expense 39,499 36,084 80,246 71,749
Income before provision for income taxes 23,193 15,447 43,969 30,732
Provision for income taxes 6,176 3,449 10,932 6,744
NET INCOME 17,017 11,998 33,037 23,988
EARNINGS PER COMMON SHARE        
Basic $ 0.58 $ 0.45 $ 1.13 $ 0.90
Diluted $ 0.58 $ 0.45 $ 1.13 $ 0.90
AVERAGE COMMON SHARES OUTSTANDING        
Basic 29,245,201 26,647,050 29,228,355 26,637,537
Diluted 29,308,806 26,650,325 29,288,018 26,640,879
DIVIDENDS DECLARED PER COMMON SHARE $ 0.19 $ 0.17 $ 0.38 $ 0.34
COMPREHENSIVE INCOME $ 6,493 $ 11,481 $ 22,073 $ 24,047