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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest on securities      
Taxable $ 12,856 $ 13,964 $ 17,500
Nontaxable 68 80 140
Interest and fees on loans 56,971 58,290 62,355
Interest on federal funds sold and interest bearing deposits 868 953 797
Total interest income 70,763 73,287 80,792
INTEREST EXPENSE      
Interest on savings deposits 782 1,522 2,371
Interest on time certificates 1,947 3,969 8,615
Interest on short term borrowings 286 340 276
Interest on subordinated debt 934 1,035 1,084
Interest on other borrowings 1,608 1,612 1,607
Total interest expense 5,557 8,478 13,953
NET INTEREST INCOME 65,206 64,809 66,839
Provision for loan losses 3,188 10,796 1,974
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 62,018 54,013 64,865
NONINTEREST INCOME      
Loss on sale of commercial loan 0 (1,238) 0
Securities gains, net (includes net gains of $149 in other comprehensive income reclassifications) 419 7,619 1,220
Other 24,319 21,444 18,345
Total noninterest income 24,738 27,825 19,565
NONINTEREST EXPENSE 75,152 82,548 77,763
INCOME (LOSS) BEFORE INCOME TAXES 11,604 (710) 6,667
Income taxes benefit (40,385) 0 0
NET INCOME (LOSS) 51,989 (710) 6,667
Preferred stock dividends and accretion on preferred stock discount 4,073 3,748 3,748
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 47,916 $ (4,458) $ 2,919
Net income (loss) per share of common stock      
Diluted $ 2.44 $ (0.24) $ 0.16
Basic $ 2.46 $ (0.24) $ 0.16
Average common shares outstanding      
Diluted 19,650,005 18,748,757 18,760,215
Basic 19,449,560 18,748,757 18,702,397