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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Loans receivable:        
Taxable $ 33,548 $ 38,160 $ 104,725 $ 110,660
Tax exempt 85 118 315 358
Investment securities:        
Taxable 3,876 4,176 11,071 13,218
Tax exempt 2,840 2,532 7,809 7,645
Deposits with financial institutions 18 16 99 69
Federal Reserve and Federal Home Loan Bank stock 369 345 1,108 1,035
Total Interest Income 40,736 45,347 125,127 132,985
INTEREST EXPENSE        
Deposits 2,213 3,517 7,703 11,566
Federal funds purchased 72 38 84 62
Securities sold under repurchase agreements 192 211 594 703
Federal Home Loan Bank advances 506 492 1,427 2,123
Subordinated debentures and term loans 731 1,187 2,189 4,460
Total Interest Expense 3,714 5,445 11,997 18,914
NET INTEREST INCOME 37,022 39,902 113,130 114,071
Provision for loan losses 1,533 4,609 5,632 14,029
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 35,489 35,293 107,498 100,042
OTHER INCOME        
Service charges on deposit accounts 3,120 2,913 8,761 8,625
Fiduciary activities 1,986 1,986 6,357 5,907
Other customer fees 2,899 2,740 8,495 8,476
Commission income 1,636 1,618 5,556 4,770
Earnings on cash surrender value of life insurance 611 685 1,921 2,725
Net gains and fees on sales of loans 1,673 2,849 6,508 7,115
Net realized gains on sales of available for sale securities    843 487 2,134
Gain on FDIC modified whole bank transaction          9,124
Other income (125) 639 1,651 1,220
Total Other Income 11,800 14,273 39,736 50,096
OTHER EXPENSES        
Salaries and employee benefits 20,616 20,083 61,943 59,078
Net occupancy 2,430 2,568 7,299 7,692
Equipment 1,852 1,798 5,368 5,259
Marketing 559 536 1,561 1,542
Outside data processing fees 1,515 1,413 4,386 4,295
Printing and office supplies 320 287 962 848
Core deposit amortization 383 489 1,153 1,438
FDIC assessments 677 792 2,095 2,771
Other real estate owned and credit-related expenses 1,648 2,104 4,993 6,412
Other expenses 4,219 4,334 12,901 13,277
Total Other Expenses 34,219 34,404 102,661 102,612
INCOME BEFORE INCOME TAX 13,070 15,162 44,573 47,526
Income tax expense 2,667 3,926 11,490 12,714
NET INCOME 10,403 11,236 33,083 34,812
Preferred stock dividends (430) (1,134) (2,139) (3,404)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 9,973 $ 10,102 $ 30,944 $ 31,408
Per Share Data:        
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.35 $ 0.35 $ 1.08 $ 1.09
Diluted Net Income Available to Common Stockholders (in dollars per share) $ 0.35 $ 0.35 $ 1.07 $ 1.09
Cash Dividends Paid (in dollars per share) $ 0.05 $ 0.03 $ 0.13 $ 0.07
Average Diluted Shares Outstanding (in shares) 29,081,472 28,888,076 29,026,466 28,819,283