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Consolidated Statements of Earnings and Comprehensive Income (Loss) (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 $ 29,633 $ 29,165 $ 88,208 $ 88,981
Interest on taxable securities 1,720 2,017 5,136 6,513
Interest on nontaxable securities 352 365 1,071 1,104
Interest on deposits in other banks and federal funds sold 44 104 158 342
Total interest income 31,749 31,651 94,573 96,940
Interest expense        
Interest on deposits 2,025 3,005 6,334 10,724
Interest on other borrowings 404 408 1,105 1,370
Total interest expense 2,429 3,413 7,439 12,094
Net interest income 29,320 28,238 87,134 84,846
Provision for loan losses 2,920 6,540 10,008 26,647
Net interest income after provision for loan losses 26,400 21,698 77,126 58,199
Noninterest income        
Service charges on deposit accounts 4,948 5,121 14,480 14,277
Mortgage banking activity 5,232 3,740 14,697 8,221
Other service charges, commissions and fees 593 331 1,539 1,044
Gain on acquisitions       20,037
Gain (loss) on sale of securities     171  
Other noninterest income 1,515 639 4,145 2,391
Total noninterest income 12,288 9,831 35,032 45,970
Noninterest expense        
Salaries and employee benefits 14,412 13,766 41,599 37,337
Equipment and occupancy expenses 3,149 3,340 9,058 9,555
Amortization of intangible assets 346 364 1,068 996
Data processing and telecommunications expenses 3,072 2,599 8,478 7,429
Advertising and marketing expenses 434 421 1,016 1,134
Other noninterest expenses 7,336 8,320 23,102 33,228
Total noninterest expense 28,749 28,810 84,321 89,679
Income before income tax expense 9,939 2,719 27,837 14,490
Applicable income tax expense 3,262 816 9,197 4,727
Net income 6,677 1,903 18,640 9,763
Less preferred stock dividends 443 827 1,326 2,459
Net income available to common shareholders 6,234 1,076 17,314 7,304
Other comprehensive income (loss)        
Unrealized holding gain (loss) arising during period on investment securities available for sale, net of tax (4,007) (228) (8,125) 1,017
Reclassification adjustment for losses (gains) included in earnings, net of tax     (111)  
Unrealized gain (loss) on cash flow hedges arising during period, net of tax (106) (240) 1,098 (976)
Other comprehensive income (loss) (4,113) (468) (7,138) 41
Total comprehensive income $ 2,121 $ 608 $ 10,176 $ 7,345
Basic earnings per share $ 0.26 $ 0.05 $ 0.72 $ 0.31
Diluted earnings per share $ 0.26 $ 0.04 $ 0.71 $ 0.30
Weighted average common shares outstanding        
Basic 23,901 23,819 23,883 23,800
Diluted 24,316 23,973 24,298 23,954