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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME:    
Interest and fees on loans$ 15,887$ 15,426$ 46,606$ 46,122
Federal funds sold and securities purchased under agreements to resell   2
Securities held to maturity - taxable2164164941
Securities available for sale - taxable2,4493,4647,80311,609
Securities available for sale - tax-exempt7252979
Dividends on Federal Home Loan Bank and other restricted stock23258188
Interest on balances due from banks1883618
Total interest income18,60018,98955,20457,959
INTEREST EXPENSE:    
Deposits1,7932,4715,4627,601
Temporary borrowings10214269
Senior unsecured debt280280841841
Junior subordinated debentures180188537546
Total interest expense2,2632,9606,8829,057
Net interest income16,33716,02948,32248,902
(Credit) provision for loan losses(3,500)2,500(500)10,200
Net interest income after (credit) provision for loan losses19,83713,52948,82238,702
NON-INTEREST INCOME:    
Service charges on deposit accounts3924671,2501,372
Net gains on sales of securities9337331,0463,514
Other operating income4008201,5231,682
Total non-interest income1,7252,0203,8196,568
Income before operating expenses21,56215,54952,64145,270
OPERATING EXPENSES:    
Salaries and other employee benefits5,9975,95918,10418,553
Occupancy1,2021,3493,9714,159
Equipment279302933875
Marketing and advertising1503776631,283
FDIC and NYS assessment3546971,5072,053
Data processing234280754800
Merger-related expenses154 1,511 
Other operating expenses1,2381,5923,7255,010
Total operating expenses9,60810,55631,16832,733
INCOME BEFORE INCOME TAXES11,9544,99321,47312,537
PROVISION FOR INCOME TAXES4,8271,7838,4294,651
NET INCOME7,1273,21013,0447,886
Preferred dividends and accretion5215171,5631,553
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS6,6062,69311,4816,333
TOTAL COMPREHENSIVE INCOME$ 7,033$ 2,221$ 13,915$ 7,045
NET INCOME PER COMMON SHARE - BASIC (in dollars per share)$ 0.39$ 0.17$ 0.68$ 0.39
NET INCOME PER COMMON SHARE - DILUTED (in dollars per share)$ 0.39$ 0.17$ 0.68$ 0.39
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC (in shares)16,553,25016,303,23716,512,30316,243,505
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - DILUTED (in shares)16,693,96916,401,92316,648,93616,318,595