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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income      
Interest on loans $ 178,309 $ 174,450 $ 177,064
Taxable interest and dividends on securities 16,681 20,326 23,984
Nontaxable interest and dividends on securities 82 331 673
Interest on loans held for sale 988 482 666
Interest on federal funds sold 132 162 337
Total interest and dividend income 196,192 195,751 202,724
Interest expense      
Interest on deposits 10,703 13,355 20,254
Interest on borrowings 12,690 15,317 18,509
Total interest expense 23,393 28,672 38,763
Net interest income 172,799 167,079 163,961
Provision for loan losses 18,056 11,482 18,655
Net interest income after provision for loan losses 154,743 155,597 145,306
Noninterest income      
Service charges on deposit accounts 15,930 16,628 13,624
Investment management 14,779 13,532 11,723
Interchange and ATM fees 9,783 7,733 5,084
Mortgage banking income 6,500 4,197 5,041
Loan level derivative income 3,457 2,093 1,364
Increase in cash surrender value of life insurance policies 3,114 3,170 3,192
Gains realized on life insurance policies 1,307      
Net gain on sales of securities 5 723 458
Gross change on OTTI securities 678 53 497
Less: portion of OTTI losses recognized in OCI (754) (296) (831)
Net impairment losses recognized in earnings on securities (76) (243) (334)
Other noninterest income 7,217 4,867 6,754
Total noninterest income 62,016 52,700 46,906
Noninterest expenses      
Salaries and employee benefits 84,014 81,275 76,983
Occupancy and equipment expenses 17,307 16,916 16,011
Merger and acquisition expenses 6,741      
Data processing & facilities management 4,644 4,891 5,773
Advertising expense 3,949 3,876 2,171
FDIC assessment 3,232 3,496 5,247
Consulting expense 2,801 2,660 2,523
Telecommunications 2,324 2,092 2,101
Goodwill impairment 2,227 [1]    [1]    [1]
Legal fees 2,223 2,262 3,277
Prepayment fee on borrowings 7 757   
Other noninterest expenses 29,990 27,488 25,659
Total noninterest expenses 159,459 145,713 139,745
Income before income taxes 57,300 62,584 52,467
Provision for income taxes 14,673 17,148 12,227
Net income $ 42,627 $ 45,436 $ 40,240
Basic earnings per share (in dollars per share) $ 1.96 $ 2.12 $ 1.90
Diluted earnings per share (in dollars per share) $ 1.95 $ 2.12 $ 1.90
Weighted average common shares (basic) (in shares) 21,782,499 21,422,757 21,178,117
Common share equivalents (in shares) 29,817 28,830 25,798
Weighted average common shares (diluted) (in shares) 21,812,316 21,451,587 21,203,915
Cash dividends declared (in dollars per share) $ 0.84 $ 0.76 $ 0.72
[1] Amount represents the total amount of goodwill relating to Compass Exchange Advisors, LLC, which was acquired in January 2007.