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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME        
Loans, leases and fees $ 27,350 $ 24,929 $ 77,122 $ 75,659
Federal funds sold and interest-bearing deposits with banks 27 17 57 29
Taxable investment securities and other 2,017 2,121 5,544 6,668
Tax-exempt investment securities 461 428 1,331 1,371
TOTAL INTEREST INCOME 29,855 27,495 84,054 83,727
INTEREST EXPENSE        
Deposits 1,518 2,026 4,740 6,421
Federal funds purchased and securities sold under agreements to repurchase 14 12 36 68
Other borrowings 836 1,802 2,709 5,889
TOTAL INTEREST EXPENSE 2,368 3,840 7,485 12,378
NET INTEREST INCOME 27,487 23,655 76,569 71,349
Provision for loan and lease losses 1,879 3,350 7,656 11,783
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 25,608 20,305 68,913 59,566
NONINTEREST INCOME        
Service charges on deposit accounts 2,838 2,757 8,052 7,914
Commissions and fees 1,139 1,162 3,495 3,401
Gains on sales of investment securities       506 273
Gain on debt extinguishment       1,197   
Income on bank owned life insurance 383 357 1,036 1,035
Other income 285 364 1,203 845
TOTAL NONINTEREST INCOME 4,645 4,640 15,489 13,468
NONINTEREST EXPENSE        
Salaries and employee benefits 11,019 9,578 31,105 28,578
Net occupancy expense 2,060 1,807 5,921 5,131
Furniture and equipment 1,582 1,205 4,492 3,427
Stationery, supplies and postage 348 388 1,086 1,079
Marketing expense 715 718 1,438 1,646
FDIC insurance expense 436 519 1,505 1,620
Legal expense 406 135 934 880
Expenses on other real estate owned and other repossessed assets (2) 13 15 89
Long term debt prepayment fee       526   
Merger related expenses 744    2,827   
Core deposit intangible amortization 123    164   
Other expenses 2,976 2,605 8,014 7,263
TOTAL NONINTEREST EXPENSE 20,407 16,968 58,027 49,713
Income before provision for income taxes 9,846 7,977 26,375 23,321
Income tax expense 3,229 2,488 8,747 7,408
NET INCOME 6,617 5,489 17,628 15,913
Dividends on Preferred Stock and Accretion          620
Net Income Available to Common Stockholders $ 6,617 $ 5,489 $ 17,628 $ 15,293
PER SHARE OF COMMON STOCK        
Basic earnings $ 0.18 $ 0.20 $ 0.54 $ 0.56
Diluted earnings $ 0.18 $ 0.20 $ 0.54 $ 0.56
Dividends $ 0.07 $ 0.06 $ 0.21 $ 0.18