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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income        
Interest on loans $ 47,720 $ 43,813 $ 94,699 $ 86,891
Taxable interest and dividends on securities 3,506 4,415 7,035 8,942
Nontaxable interest and dividends on securities 11 23 22 52
Interest on loans held for sale 237 156 505 286
Interest on federal funds sold 21 19 55 51
Total interest and dividend income 51,495 48,426 102,316 96,222
Interest expense        
Interest on deposits 2,543 2,687 5,208 5,426
Interest on borrowings 3,337 3,111 6,630 6,316
Total interest expense 5,880 5,798 11,838 11,742
Net interest income 45,615 42,628 90,478 84,480
Provision for loan losses 3,100 8,500 4,400 10,100
Net interest income after provision for loan losses 42,515 34,128 86,078 74,380
Noninterest income        
Deposit account fees 4,343 3,923 8,559 7,812
Interchange and ATM fees 2,761 2,399 5,089 4,767
Investment management 4,357 3,827 8,242 7,390
Mortgage banking income 1,669 1,463 3,951 2,793
Increase in cash surrender value of life insurance policies 786 741 1,531 1,454
Loan level derivative income 816 1,371 1,348 1,699
Other noninterest income 1,960 1,259 3,694 2,978
Total noninterest income 16,692 14,983 32,414 28,893
Noninterest expenses        
Salaries and employee benefits 21,594 19,775 44,309 41,211
Occupancy and equipment expenses 4,919 4,234 10,169 8,534
Advertising expense 1,479 1,473 2,652 2,210
Data processing & facilities management 1,201 1,099 2,385 2,274
FDIC assessment 934 830 1,755 1,579
Debit Card Expense 773 637 1,443 1,196
Merger and acquisition expense 754 672 2,099 672
Mortgage operations expense 715 60 1,059 102
Consulting expense 666 583 1,377 1,209
Telecommunication expense 548 666 1,203 1,284
Other noninterest expenses 8,581 6,970 16,632 14,085
Total noninterest expenses 42,164 36,999 85,083 74,356
Income before income taxes 17,043 12,112 33,409 28,917
Provision for income taxes 4,285 3,238 8,399 7,860
Net income $ 12,758 $ 8,874 $ 25,010 $ 21,057
Basic earnings per share (in dollars per share) $ 0.56 $ 0.41 $ 1.09 $ 0.98
Diluted earnings per share (in dollars per share) $ 0.56 $ 0.41 $ 1.09 $ 0.97
Weighted average common shares (basic) (in shares) 22,888,155 21,623,827 22,856,132 21,592,416
Common shares equivalents (in shares) 52,144 20,377 49,104 22,251
Weighted average common shares (diluted) (in shares) 22,940,299 21,644,204 22,905,236 21,614,667
Cash dividends declared per common share (in dollars per share) $ 0.22 $ 0.21 $ 0.44 $ 0.42