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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME:        
Loans, including fees $ 31,735 $ 30,534 $ 63,649 $ 105,826
Taxable investment securities 1,976 2,904 4,016 6,171
Federal Home Loan Bank stock and other 408 376 855 1,404
Total interest income 34,119 33,814 68,520 113,401
INTEREST EXPENSE:        
Deposits 975 1,213 2,030 2,752
Securities sold under agreements to repurchase and other short-term borrowings 13 118 42 230
Federal Home Loan Bank advances 3,735 3,540 7,293 7,626
Subordinated note 629 631 1,258 1,261
Total interest expense 5,352 5,502 10,623 11,869
NET INTEREST INCOME 28,767 28,312 57,897 101,532
Provision for loan losses 905 466 280 11,636
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 27,862 27,846 57,617 89,896
NON-INTEREST INCOME:        
Service charges on deposit accounts 3,498 3,286 6,708 6,589
Net refund transfer fees 1,683 6,147 13,697 77,896
Mortgage banking income 2,180 1,963 5,454 3,317
Debit card interchange fee income 1,656 1,441 3,467 2,997
Bargain purchase gain   (96) 1,324 27,803
Gain on sale of securities available for sale       56
Other 1,766 1,345 2,658 2,237
Total non-interest income 10,783 14,086 33,308 120,895
NON-INTEREST EXPENSES:        
Salaries and employee benefits 15,086 14,313 31,200 31,284
Occupancy and equipment, net 5,315 5,144 10,892 11,218
Communication and transportation 991 961 2,021 3,622
Marketing and development 880 904 1,782 1,842
FDIC insurance expense 402 291 815 721
Bank franchise tax expense 857 703 2,572 2,634
Data processing 792 1,195 1,508 2,416
Debit card interchange expense 718 660 1,561 1,261
Supplies 218 529 572 1,478
Other real estate owned expense 945 555 1,834 1,160
Charitable contributions 227 200 463 2,878
Legal expense 1,338 527 1,768 895
FHLB advance prepayment expense       2,436
Other 1,930 1,469 4,013 4,759
Total non-interest expenses 29,699 27,451 61,001 68,604
INCOME BEFORE INCOME TAX EXPENSE 8,946 14,481 29,924 142,187
INCOME TAX EXPENSE 2,827 4,903 10,449 50,137
NET INCOME $ 6,119 $ 9,578 $ 19,475 $ 92,050
Class A Common Stock
       
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.30 $ 0.46 $ 0.94 $ 4.40
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) $ 0.30 $ 0.46 $ 0.94 $ 4.38
Class B Common Stock
       
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.28 $ 0.44 $ 0.91 $ 4.37
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) $ 0.28 $ 0.44 $ 0.90 $ 4.35