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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Loans, including fees $ 40,994 $ 35,994 $ 77,824 $ 70,167
Investment securities:        
Taxable 1,741 2,740 3,598 5,254
Tax-exempt 235 164 450 429
Federal funds sold and securities purchased under agreements to resell 361 214 714 466
Total interest income 43,331 39,112 82,586 76,316
Interest expense:        
Deposits 4,661 7,077 10,378 14,132
Federal funds purchased and securities sold under agreements to repurchase 142 184 302 337
Other borrowings 527 691 1,059 2,056
Total interest expense 5,330 7,952 11,739 16,525
Net interest income 38,001 31,160 70,847 59,791
Provision for loan losses 4,215 12,509 14,856 33,287
Net interest income after provision for loan losses 33,786 18,651 55,991 26,504
Noninterest income:        
Gains on acquisitions     5,528 98,081
Service charges on deposit accounts 5,615 5,582 10,645 10,105
Bankcard services income 3,045 2,348 5,704 4,147
Trust and investment services income 1,525 1,187 2,774 1,971
Mortgage banking income 1,125 1,267 1,988 2,111
Securities gains 10   333  
Other-than-temporary impairment losses   (675)   (6,261)
Accretion on FDIC indemnification asset (3,133) 567 (3,534) 936
Other 605 752 1,227 1,559
Total noninterest income 8,792 11,028 24,665 112,649
Noninterest expense:        
Salaries and employee benefits 18,016 15,263 34,662 29,016
OREO expense and loan related 2,777 825 5,310 555
Net occupancy expense 2,346 1,907 4,922 4,280
Information services expense 2,503 2,157 4,845 4,528
Furniture and equipment expense 2,181 1,937 4,139 3,573
FDIC assessment and other regulatory charges 1,255 1,227 2,734 2,550
Merger-related expense 598 964 1,207 4,872
Advertising and marketing 289 1,028 1,198 1,615
Amortization of intangibles 505 432 951 781
Professional fees 501 616 934 1,173
Federal Home Loan Bank advances prepayment fee       3,189
Other 4,077 2,628 8,370 5,432
Total noninterest expense 35,048 28,984 69,272 61,564
Earnings:        
Income before provision for income taxes 7,530 695 11,384 77,589
Provision for income taxes 2,612 120 3,950 28,053
Net income $ 4,918 $ 575 $ 7,434 $ 49,536
Earnings per common share:        
Basic (in dollars per share) $ 0.36 $ 0.05 $ 0.55 $ 3.93
Diluted (in dollars per share) $ 0.35 $ 0.05 $ 0.55 $ 3.90
Dividends per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.34 $ 0.34
Weighted-average common shares outstanding:        
Basic (in shares) 13,805 12,612 13,500 12,599
Diluted (in shares) 13,886 12,738 13,582 12,713