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Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME    
Interest and fees on loans $ 36,086 $ 33,551
Interest on investment securities:    
Taxable interest income 1,001 905
Tax-exempt interest income 470 479
Other, principally overnight investments 119 154
Total interest income 37,676 35,089
INTEREST EXPENSE    
Savings, checking and money market accounts 252 510
Time deposits of $100,000 or more 1,183 1,613
Other time deposits 456 789
Borrowings 250 256
Total interest expense 2,141 3,168
Net interest income 35,535 31,921
Provision for loan losses - non-covered 3,365 5,771
Provision for loan losses - covered 210 5,378
Total provision for loan losses 3,575 11,149
Net interest income after provision for loan losses 31,960 20,772
NONINTEREST INCOME    
Service charges on deposit accounts 3,573 2,935
Other service charges, commissions and fees 2,367 2,175
Fees from presold mortgage loans 607 747
Commissions from sales of insurance and financial products 594 399
Bank-owned life insurance income 327 208
Foreclosed property gains (losses and write-downs) - non-covered (156) 758
Foreclosed property gains (losses and write-downs) - covered (2,117) (4,616)
FDIC indemnification asset income (expense), net (4,916) 4,897
Other gains (losses) 19 (395)
Total noninterest income 298 7,108
NONINTEREST EXPENSES    
Salaries 11,648 10,677
Employee benefits 2,311 2,627
Total personnel expense 13,959 13,304
Net occupancy expense 1,880 1,674
Equipment related expenses 928 1,088
Intangibles amortization 194 199
Other operating expenses 6,590 6,959
Total noninterest expenses 23,551 23,224
Income before income taxes 8,707 4,656
Income tax expense 3,031 1,556
Net income 5,676 3,100
Preferred stock dividends (217) (245)
Net income available to common shareholders $ 5,459 $ 2,855
Earnings per common share - Basic $ 0.28 $ 0.15
Earnings per common share - Diluted $ 0.27 $ 0.14
Dividends declared per common share $ 0.08 $ 0.08
Weighted average common shares outstanding: Basic 19,688,183 19,669,302
Weighted average common shares outstanding: Diluted 20,424,475 20,409,760