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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on loans $ 23,096 $ 24,412 $ 69,257 $ 74,450
Interest and dividends on investment securities:        
Taxable interest income 3,162 3,610 9,616 11,215
Non-taxable interest income 978 989 2,938 2,667
Total interest income 27,236 29,011 81,811 88,332
Interest expense:        
Deposits 1,656 2,960 5,577 10,026
Securities sold under agreements to repurchase 44 63 128 217
Short-term borrowings   8 15 26
Long-term debt   106 125 552
Junior subordinated debt owed to unconsolidated trusts 303 329 905 994
Total interest expense 2,003 3,466 6,750 11,815
Net interest income 25,233 25,545 75,061 76,517
Provision for loan losses 2,000 3,500 6,000 13,000
Net interest income after provision for loan losses 23,233 22,045 69,061 63,517
Other income:        
Trust fees 4,035 3,960 13,956 13,245
Commissions and brokers' fees, net 710 508 1,819 1,578
Remittance processing 2,105 2,068 6,288 6,346
Service charges on deposit accounts 3,126 2,962 8,876 8,646
Other service charges and fees 1,486 1,422 4,452 4,246
Gain on sales of loans 2,684 3,255 8,944 8,924
Security gains, net 82 511 82 575
Other 1,402 903 3,637 5,679
Total other income 15,630 15,589 48,054 49,239
Other expense:        
Salaries and wages 13,001 13,707 39,342 38,966
Employee benefits 2,580 2,773 8,754 8,791
Net occupancy expense of premises 2,055 2,237 6,340 6,598
Furniture and equipment expense 1,211 1,276 3,687 3,858
Data processing 2,606 3,568 7,813 8,366
Amortization of intangible assets 783 827 2,349 2,481
Regulatory expense 545 623 1,808 1,869
OREO expense (income) (207) 273 394 788
Other 4,784 5,110 14,239 15,658
Total other expense 27,358 30,394 84,726 87,375
Income before income taxes 11,505 7,240 32,389 25,381
Income taxes 3,572 2,331 10,583 7,941
Net income 7,933 4,909 21,806 17,440
Preferred stock dividends 909 909 2,725 2,725
Net income available to common stockholders $ 7,024 $ 4,000 $ 19,081 $ 14,715
Basic earnings per common share (in dollars per share) $ 0.08 $ 0.05 $ 0.22 $ 0.17
Diluted earnings per common share (in dollars per share) $ 0.08 $ 0.05 $ 0.22 $ 0.17
Dividends declared per share of common stock (in dollars per share) $ 0.04 $ 0.04 $ 0.08 $ 0.12