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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME        
Interest and fees on loans $ 34,376 $ 37,030 $ 70,462 $ 70,581
Interest on investment securities:        
Taxable interest income 876 824 1,877 1,729
Tax-exempt interest income 471 477 941 956
Other, principally overnight investments 232 173 351 327
Total interest income 35,955 38,504 73,631 73,593
INTEREST EXPENSE        
Savings, checking and money market accounts 259 381 511 891
Time deposits of $100,000 or more 1,172 1,546 2,355 3,159
Other time deposits 419 719 875 1,508
Borrowings 297 256 547 512
Total interest expense 2,147 2,902 4,288 6,070
Net interest income 33,808 35,602 69,343 67,523
Provision for loan losses - non-covered 1,158 4,043 4,523 9,814
Provision for loan losses - covered 2,501 1,548 2,711 6,926
Total provision for loan losses 3,659 5,591 7,234 16,740
Net interest income after provision for loan losses 30,149 30,011 62,109 50,783
NONINTEREST INCOME        
Service charges on deposit accounts 3,446 3,254 7,019 6,189
Other service charges, commissions and fees 2,562 2,340 4,929 4,515
Fees from presold mortgage loans 790 820 1,397 1,567
Commissions from sales of insurance and financial products 706 579 1,300 978
Bank-owned life insurance income 318 212 645 420
Foreclosed property gains (losses) - non-covered (551) 777 (707) 1,535
Foreclosed property gains (losses) - covered (1,173) (520) (3,290) (5,136)
FDIC indemnification asset income (expense), net (1,578) (3,407) (6,494) 1,490
Securities gains 786 7 786 7
Other gains (losses) (336) 425 (317) 30
Total noninterest income 4,970 4,487 5,268 11,595
NONINTEREST EXPENSES        
Salaries 11,366 11,003 23,014 21,680
Employee benefits 2,286 2,546 4,597 5,173
Total personnel expense 13,652 13,549 27,611 26,853
Net occupancy expense 1,804 1,759 3,684 3,433
Equipment related expenses 1,024 1,106 1,952 2,194
Intangibles amortization 194 220 388 419
Other operating expenses 8,106 9,122 14,696 16,081
Total noninterest expenses 24,780 25,756 48,331 48,980
Income before income taxes 10,339 8,742 19,046 13,398
Income tax expense 3,693 3,154 6,724 4,710
Net income 6,646 5,588 12,322 8,688
Preferred stock dividends (217) (217) (434) (462)
Net income available to common shareholders $ 6,429 $ 5,371 $ 11,888 $ 8,226
Earnings per common share - Basic $ 0.33 $ 0.27 $ 0.6 $ 0.42
Earnings per common share - Diluted $ 0.32 $ 0.27 $ 0.59 $ 0.41
Dividends declared per common share $ 0.08 $ 0.08 $ 0.16 $ 0.16
Weighted average common shares outstanding: Basic 19,698,581 19,673,634 19,693,382 19,671,468
Weighted average common shares outstanding: Diluted 20,434,263 20,415,103 20,428,861 20,412,456