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Consolidated Statements of Income (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME    
Interest and fees on loans$ 37,200$ 36,897$ 112,471$ 112,724
Interest on investment securities:    
Taxable interest income1,4211,3644,3164,473
Tax-exempt interest income5004141,4991,177
Other, principally overnight investments107135300463
Total interest income39,22838,810118,586118,837
INTEREST EXPENSE    
Savings, NOW and money market1,0201,5413,3535,069
Time deposits of $100,000 or more2,4792,9917,7449,645
Other time deposits1,6512,7135,5878,762
Securities sold under agreements to repurchase4660144244
Borrowings5434341,4751,333
Total interest expense5,7397,73918,30325,053
Net interest income33,48931,071100,28393,784
Provision for loan losses - non-covered6,4418,39121,61824,017
Provision for loan losses - covered2,70509,8050
Total provision for loan losses9,1468,39131,42324,017
Net interest income after provision for loan losses24,34322,68068,86069,767
NONINTEREST INCOME    
Service charges on deposit accounts3,4293,35010,03810,408
Other service charges, commissions and fees1,6571,3254,9724,080
Fees from presold mortgages4684041,1091,216
Commissions from sales of insurance and financial products3833251,1471,087
Gain from acquisition0010,1960
Foreclosed property losses and write-downs - non-covered(919)(57)(2,543)(108)
Foreclosed property losses and write-downs - covered(5,176)(6,335)(12,693)(11,830)
FDIC indemnification asset income, net3,5895,06810,4559,464
Securities gains017425
Other gains (losses)55(124)38(154)
Total noninterest income3,4863,95722,79314,188
NONINTEREST EXPENSES    
Salaries9,9808,63729,38525,988
Employee benefits3,0862,6729,2427,745
Total personnel expense13,06611,30938,62733,733
Net occupancy expense1,6741,7684,9445,408
Equipment related expenses1,0891,0443,2613,246
Intangibles amortization226219676654
Merger expenses1206060
Other operating expenses7,8916,37123,80021,907
Total noninterest expenses23,95820,71171,91464,948
Income before income taxes3,8715,92619,73919,007
Income taxes1,3142,0787,0816,780
Net income2,5573,84812,65812,227
Preferred stock dividends(815)(812)(2,440)(2,437)
Accretion of preferred stock discount(2,474)(215)(2,932)(643)
Net income (loss) available to common shareholders$ (732)$ 2,821$ 7,286$ 9,147
Earnings (loss) per common share:    
Basic (in dollars per share)$ (0.04)$ 0.17$ 0.43$ 0.55
Diluted (in dollars per share)$ (0.04)$ 0.17$ 0.43$ 0.54
Dividends declared per common share$ 0.08$ 0.08$ 0.24$ 0.24
Weighted average common shares outstanding:    
Basic (in shares)16,875,91816,779,55416,843,71616,754,678
Diluted (in shares)16,903,03116,807,13516,871,01016,784,032