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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income        
Interest and fees on loans $ 29,165 $ 31,633 $ 88,981 $ 93,480
Interest on taxable securities 2,017 2,672 6,513 7,904
Interest on nontaxable securities 365 330 1,104 964
Interest on deposits in other banks and federal funds sold 104 153 342 500
Total interest income 31,651 34,788 96,940 102,848
Interest expense        
Interest on deposits 3,005 6,431 10,724 20,631
Interest on other borrowings 408 555 1,370 1,461
Total interest expense 3,413 6,986 12,094 22,092
Net interest income 28,238 27,802 84,846 80,756
Provision for loan losses 6,540 7,552 26,647 23,710
Net interest income after provision for loan losses 21,698 20,250 58,199 57,046
Noninterest income        
Service charges on deposit accounts 5,121 4,666 14,277 13,598
Mortgage banking activity 3,740 707 8,221 1,533
Other service charges, commissions and fees 331 392 1,044 907
Gain on acquisitions   26,867 20,037 26,867
Gain on sale of securities       238
Other noninterest income 639 1,090 2,391 2,746
Total noninterest income 9,831 33,722 45,970 45,889
Noninterest expense        
Salaries and employee benefits 13,766 10,029 37,337 29,293
Equipment and occupancy expenses 3,340 3,203 9,555 8,685
Amortization of intangible assets 364 277 996 782
Data processing and telecommunications expenses 2,599 2,817 7,429 7,665
Advertising and marketing expenses 421 189 1,134 501
Other non-interest expenses 8,320 12,748 33,228 26,088
Total noninterest expense 28,810 29,263 89,679 73,014
Income before income tax expense 2,719 24,709 14,490 29,921
Applicable income tax expense 816 8,249 4,727 9,969
Net income 1,903 16,460 9,763 19,952
Preferred stock dividends 827 817 2,459 2,422
Net income available to common shareholders 1,076 15,643 7,304 17,530
Other comprehensive income        
Unrealized holding gain (loss) arising during period on investment securities available for sale, net of tax (228) 2,803 1,017 4,791
Reclassification adjustment for gains included in earnings, net of tax       (154)
Unrealized loss on cash flow hedges arising during period, net of tax (240) (1,526) (976) (2,154)
Other comprehensive income (468) 1,277 41 2,483
Comprehensive income $ 608 $ 16,920 $ 7,345 $ 20,013
Basic earnings per share $ 0.05 $ 0.67 $ 0.31 $ 0.75
Diluted earnings per share $ 0.04 $ 0.66 $ 0.30 $ 0.74
Weighted Average Common Shares Outstanding        
Basic 23,819 23,438 23,800 23,439
Diluted 23,973 23,559 23,954 23,530