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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income        
Loans $ 34,565 $ 34,016 $ 68,723 $ 68,298
Securities        
Taxable 3,431 3,813 6,222 7,890
Tax-exempt 1,896 2,095 3,843 4,156
Other 53 54 102 139
Total interest income 39,945 39,978 78,890 80,483
Interest expense        
Deposits 4,095 4,969 8,175 10,388
Borrowings 1,446 1,599 2,930 3,842
Total interest expense 5,541 6,568 11,105 14,230
Net interest income 34,404 33,410 67,785 66,253
Provision for loan losses 3,000 4,700 6,050 9,500
Net interest income after provision for loan losses 31,404 28,710 61,735 56,753
Noninterest income        
Service charges on deposit accounts 4,509 4,495 9,009 9,020
Fees and commissions 4,848 4,322 9,679 8,250
Insurance commissions 951 882 1,812 1,821
Wealth management revenue 1,715 1,551 3,439 3,493
Gains on sales of securities 0 869 54 1,773
BOLI income 635 654 1,365 1,765
Gains on sales of mortgage loans held for sale 3,870 2,390 7,435 3,671
Other 789 1,115 1,902 2,913
Total noninterest income 17,317 16,278 34,695 32,706
Noninterest expense        
Salaries and employee benefits 21,906 19,871 43,180 38,520
Data processing 2,045 2,211 4,088 4,251
Occupancy, Net 3,668 3,585 7,276 7,204
Other real estate owned 1,773 3,370 3,822 7,369
Professional fees 1,304 1,015 2,477 1,986
Advertising and public relations 1,246 1,302 2,736 2,499
Intangible amortization 314 349 637 707
Communications 1,135 926 2,262 2,029
Extinguishment of debt 0 0 0 898
Merger-related expenses 385 0 385 0
Other 3,958 4,121 8,471 7,949
Total noninterest expense 37,734 36,750 75,334 73,412
Income before income taxes 10,987 8,238 21,096 16,047
Income taxes 2,968 1,893 5,506 3,728
Net income $ 8,019 $ 6,345 $ 15,590 $ 12,319
Basic earnings per share (usd per share) $ 0.32 $ 0.25 $ 0.62 $ 0.49
Diluted earnings per share (usd per share) $ 0.32 $ 0.25 $ 0.62 $ 0.49
Cash dividends per common share (usd per share) $ 0.17 $ 0.17 $ 0.34 $ 0.34