Segment Reporting

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting

NOTE 10 – SEGMENT REPORTING

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- and nine-month periods ended September 30 2013 and 2012.

	Three Months Ended September 30, 2013						Three Months Ended September 30, 2012
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking			Total
	(Dollars in Thousands)
Net interest income	$	28,089	$	1,231	$	29,320	$	27,953	$	285		$	28,238
Provision for loan losses		2,920		—		2,920		6,540		—			6,540
Noninterest income		7,054		5,234		12,288		6,091		3,740			9,831
Noninterest expense
Salaries and employee benefits		10,799		3,613		14,412		11,446		2,320			13,766
Equipment and occupancy expenses		3,029		120		3,149		3,190		150			3,340
Data processing and telecommunications expenses		2,908		164		30,72		2,510		89			2,599
Other expenses		7,473		643		8,116		8,706		399			9,105
Total noninterest expense		24,209		4,540		28,749		25,852		2,958			28,810
Income before income tax expense		8,014		1,925		9,939		1,652		1,067			2,719
Income tax expense		2,588		674		3,262		443		373			816
Net income		5,426		1,251		6,677		1,209		694			1,903
Less preferred stock dividends		443		—		443		827		—			827
Net income available to common shareholders	$	4,983	$	1,251	$	6,234	$	382	$	694		$	1,076
Total assets	$	2,707,200	$	111,302	$	2,818,502	$	2,947,004	$	2,379		$	2,949,383
Stockholders’ equity		250,863		39,493		290,356		299,221		(15	)		299,206
	Nine Months Ended September 30, 2013						Nine Months Ended September 30, 2012
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking			Total
	(Dollars in Thousands)
Net interest income	$	84,372	$	2,762	$	87,134	$	84,243	$	603		$	84,846
Provision for loan losses		10,008		—		10,008		26,647		—			26,647
Noninterest income		20,333		14,699		35,032		37,749		8,221			45,970
Noninterest expense
Salaries and employee benefits		32,314		9,285		41,599		32,435		4,902			37,337
Equipment and occupancy expenses		8,575		483		9,058		9,250		305			9,555
Data processing and telecommunications expenses		8,013		465		8,478		7,222		207			7,429
Other expenses		22,807		2,379		25,186		34,470		888			35,358
Total noninterest expense		71,709		12,612		84,321		83,377		6,302			89,679
Income before income tax expense		22,988		4,849		27,837		11,968		2,522			14,490
Income tax expense		7,500		1,697		9,197		3,845		882			4,727
Net income		15,488		3,152		18,640		8,123		1,640			9,763
Less preferred stock dividends		1,326		—		1,326		2,459		—			2,459
Net income available to common shareholders	$	14,162	$	3,152	$	17,314	$	5,664	$	1,640		$	7,304