XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Loans, including fees $ 162,205 $ 143,493 $ 131,770
Investment securities:      
Taxable 7,641 9,985 8,501
Tax-exempt 854 853 936
Federal funds sold and securities purchased under agreements to resell 1,018 1,023 591
Total interest income 171,718 155,354 141,798
Interest expense:      
Deposits 17,557 28,526 30,731
Federal funds purchased and securities sold under agreements to repurchase 527 630 502
Other borrowings 2,182 3,581 5,975
Total interest expense 20,266 32,737 37,208
Net interest income 151,452 122,617 104,590
Provision for loan losses 30,236 54,282 26,712
Net interest income after provision for loan losses 121,216 68,335 77,878
Noninterest income:      
Gains on acquisitions 16,529 98,081  
Service charges on deposit accounts 22,654 21,342 15,498
Bankcard services income 11,721 8,987 5,043
Mortgage banking income 6,271 6,564 6,552
Trust and investment services income 5,464 4,251 2,517
Securities gains, net 323 292 82
Total other-than-temporary impairment losses (115) (1,281) (10,494)
Portion of impairment losses recognized in other comprehensive income   (5,489) 5,489
Net impairment losses recognized in earnings (115) (6,770) (5,005)
Accretion (amortization) of FDIC indemnification asset (10,135) 2,443  
Other 2,407 2,545 1,559
Total noninterest income 55,119 137,735 26,246
Noninterest expense:      
Salaries and employee benefits 68,937 60,795 40,787
Net occupancy expense 9,674 8,544 6,392
Furniture and equipment expense 8,476 7,530 6,049
Merger expense 3,198 5,504  
FDIC assessment and other regulatory charges 4,573 5,283 5,449
OREO expense and loan related 14,354 5,304 5,641
Advertising and marketing 2,729 3,618 2,497
Federal Home Loan Bank advances prepayment fee   3,189  
Professional fees 1,473 2,046 1,358
Amortization of intangibles 1,991 1,650 526
Other 27,573 21,779 14,947
Total noninterest expense 142,978 125,242 83,646
Earnings:      
Income before provision for income taxes 33,357 80,828 20,478
Provision for income taxes 10,762 28,946 6,883
Net income 22,595 51,882 13,595
Preferred stock dividends     1,115
Accretion on preferred stock discount     3,559
Net income available to common shareholders $ 22,595 $ 51,882 $ 8,921
Earnings per common share:      
Basic (in dollars per share) $ 1.65 $ 4.11 $ 0.74
Diluted (in dollars per share) $ 1.63 $ 4.08 $ 0.74
Dividends per common share (in dollars per share) $ 0.68 $ 0.68 $ 0.68
Weighted average common shares outstanding:      
Basic (in shares) 13,677 12,618 12,061
Diluted (in shares) 13,751 12,720 12,109