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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME        
Interest and fees on loans $ 32,019 $ 34,870 $ 102,481 $ 105,451
Interest on investment securities:        
Taxable interest income 646 843 2,523 2,572
Tax-exempt interest income 470 472 1,411 1,428
Other, principally overnight investments 239 143 590 470
Total interest income 33,374 36,328 107,005 109,921
INTEREST EXPENSE        
Savings, checking and money market accounts 263 322 774 1,213
Time deposits of $100,000 or more 1,058 1,408 3,413 4,567
Other time deposits 408 613 1,283 2,121
Borrowings 302 258 849 770
Total interest expense 2,031 2,601 6,319 8,671
Net interest income 31,343 33,727 100,686 101,250
Provision for loan losses - non-covered 1,279 3,487 5,802 13,301
Provision for loan losses - covered 206 1,493 2,917 8,419
Total provision for loan losses 1,485 4,980 8,719 21,720
Net interest income after provision for loan losses 29,858 28,747 91,967 79,530
NONINTEREST INCOME        
Service charges on deposit accounts 3,426 3,390 10,445 9,579
Other service charges, commissions and fees 2,538 2,402 7,467 6,917
Fees from presold mortgage loans 807 776 2,204 2,343
Commissions from sales of insurance and financial products 685 591 1,985 1,569
Bank-owned life insurance income 311 366 956 786
Foreclosed property gains (losses) - non-covered (757) 153 (1,464) 1,687
Foreclosed property gains (losses) - covered 773 1,397 (2,517) (3,738)
FDIC indemnification asset income (expense), net (3,210) (3,786) (9,704) (2,296)
Securities gains    553 786 560
Other gains (losses) 35 (234) (282) (204)
Total noninterest income 4,608 5,608 9,876 17,203
NONINTEREST EXPENSES        
Salaries 11,773 11,401 34,787 33,081
Employee benefits 2,550 2,248 7,147 7,421
Total personnel expense 14,323 13,649 41,934 40,502
Net occupancy expense 1,863 1,793 5,547 5,226
Equipment related expenses 953 1,157 2,905 3,351
Intangibles amortization 194 220 582 639
Other operating expenses 8,598 6,885 23,294 22,966
Total noninterest expenses 25,931 23,704 74,262 72,684
Income before income taxes 8,535 10,651 27,581 24,049
Income tax expense 2,956 4,318 9,680 9,028
Net income 5,579 6,333 17,901 15,021
Preferred stock dividends (217) (216) (651) (678)
Net income available to common shareholders $ 5,362 $ 6,117 $ 17,250 $ 14,343
Earnings per common share - Basic $ 0.27 $ 0.31 $ 0.88 $ 0.73
Earnings per common share - Diluted $ 0.27 $ 0.30 $ 0.85 $ 0.71
Dividends declared per common share $ 0.08 $ 0.08 $ 0.24 $ 0.24
Weighted average common shares outstanding: Basic 19,705,514 19,679,751 19,697,426 19,674,229
Weighted average common shares outstanding: Diluted 20,437,739 20,424,984 20,431,836 20,416,517