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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Interest and fees on loans $ 37,037 $ 37,200 $ 107,715 $ 112,471
Interest on investment securities:        
Taxable interest income 1,001 1,421 3,408 4,316
Tax-exempt interest income 487 500 1,471 1,499
Other, principally overnight investments 164 107 481 300
Total interest income 38,689 39,228 113,075 118,586
INTEREST EXPENSE        
Savings, checking and money market 650 1,020 2,258 3,353
Time deposits of $100,000 or more 2,022 2,479 6,282 7,744
Other time deposits 1,097 1,651 3,535 5,587
Securities sold under agreements to repurchase    46 4 144
Borrowings 447 543 1,481 1,475
Total interest expense 4,216 5,739 13,560 18,303
Net interest income 34,473 33,489 99,515 100,283
Provision for loan losses - non-covered 5,970 6,441 29,721 21,618
Provision for loan losses - covered 1,103 2,705 5,374 9,805
Total provision for loan losses 7,073 9,146 35,095 31,423
Net interest income after provision for loan losses 27,400 24,343 64,420 68,860
NONINTEREST INCOME        
Service charges on deposit accounts 3,053 3,046 8,867 8,985
Other service charges, commissions and fees 2,275 2,040 6,634 6,025
Fees from presold mortgage loans 785 468 1,685 1,109
Commissions from sales of insurance and financial products 510 383 1,325 1,147
Bank-owned life insurance income 207 9 380 33
Gain from acquisition          10,196
Foreclosed property losses and write-downs - non-covered (1,020) (919) (3,026) (2,543)
Foreclosed property losses and write-downs - covered (1,641) (5,176) (12,742) (12,693)
FDIC indemnification asset income (expense), net (1,569) 3,589 6,094 10,455
Securities gains 189    638 74
Other gains 14 46 67 5
Total noninterest income 2,803 3,486 9,922 22,793
NONINTEREST EXPENSES        
Salaries 10,370 9,980 30,717 29,385
Employee benefits 2,539 3,086 9,230 9,242
Total personnel expense 12,909 13,066 39,947 38,627
Net occupancy expense 1,670 1,674 4,966 4,944
Equipment related expenses 1,318 1,089 3,652 3,261
Intangibles amortization 224 226 670 676
Acquisition expenses    12    606
Other operating expenses 7,536 7,891 22,245 23,800
Total noninterest expenses 23,657 23,958 71,480 71,914
Income before income taxes 6,546 3,871 2,862 19,739
Income taxes 2,123 1,314 331 7,081
Net income 4,423 2,557 2,531 12,658
Preferred stock dividends (688) (815) (2,277) (2,440)
Accretion of preferred stock discount    (2,474)    (2,932)
Net income (loss) available to common shareholders $ 3,735 $ (732) $ 254 $ 7,286
Earnings (loss) per common share - Basic $ 0.22 $ (0.04) $ 0.01 $ 0.43
Earnings (loss) per common share - Diluted $ 0.22 $ (0.04) $ 0.01 $ 0.43
Dividends declared per common share $ 0.08 $ 0.08 $ 0.24 $ 0.24
Weighted average common shares outstanding: Basic 16,988,150 16,875,918 16,955,130 16,843,716
Weighted average common shares outstanding: Diluted 16,988,150 16,903,031 16,955,130 16,871,010