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Unaudited Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest Income    
Residential real estate loans $ 7,087 $ 7,260
Commercial loans 35,042 28,632
Consumer and other loans 7,643 7,864
Investment securities 24,315 14,199
Total interest income 74,087 57,955
Interest Expense    
Deposits 3,089 3,712
Securities sold under agreements to repurchase 210 227
Federal Home Loan Bank advances 2,514 2,651
Federal funds purchased and other borrowed funds 53 52
Subordinated debentures 774 816
Total interest expense 6,640 7,458
Net Interest Income 67,447 50,497
Provision for loan losses 1,122 2,100
Net interest income after provision for loan losses 66,325 48,397
Non-Interest Income    
Service charges and other fees 12,219 10,586
Miscellaneous loan fees and charges 1,029 1,089
Gain on sale of loans 3,595 9,089
Loss on sale of investments (51) (137)
Other income 2,596 2,323
Total non-interest income 19,388 22,950
Non-Interest Expense    
Compensation and employee benefits 28,634 24,577
Occupancy and equipment 6,613 5,825
Advertising and promotions 1,777 1,548
Outsourced data processing 1,288 825
Other real estate owned 507 884
Regulatory assessments and insurance 1,592 1,641
Core deposit intangibles amortization 710 486
Other expense 8,949 7,648
Total non-interest expense 50,070 43,434
Income Before Income Taxes 35,643 27,913
Federal and state income tax expense 8,913 7,145
Net Income $ 26,730 $ 20,768
Basic earnings per share $ 0.36 $ 0.29
Diluted earnings per share $ 0.36 $ 0.29
Dividends declared per share $ 0.16 $ 0.14
Average outstanding shares - basic 74,437,393 71,965,665
Average outstanding shares - diluted 74,480,818 72,013,177