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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME:        
Loans, including fees $ 30,110 $ 31,735 $ 60,272 $ 63,649
Taxable investment securities 1,908 1,976 3,767 4,016
Federal Home Loan Bank stock and other 387 408 863 855
Total interest income 32,405 34,119 64,902 68,520
INTEREST EXPENSE:        
Deposits 937 975 1,915 2,030
Securities sold under agreements to repurchase and other short-term borrowings 22 13 44 42
Federal Home Loan Bank advances 3,267 3,735 6,831 7,293
Subordinated note 629 629 1,258 1,258
Total interest expense 4,855 5,352 10,048 10,623
NET INTEREST INCOME 27,550 28,767 54,854 57,897
Provision for loan losses 693 905 (10) 280
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,857 27,862 54,864 57,617
NON-INTEREST INCOME:        
Service charges on deposit accounts 3,563 3,498 6,858 6,708
Net refund transfer fees 1,836 1,683 16,224 13,697
Mortgage banking income 812 2,180 1,298 5,454
Debit card interchange fee income 1,738 1,656 3,673 3,467
Bargain purchase gain       1,324
Net gain on sale of other real estate owned 264 1,034 666 1,311
Increase in cash surrender value of bank owned life insurance 379   570  
Other 920 732 1,683 1,347
Total non-interest income 9,512 10,783 30,972 33,308
NON-INTEREST EXPENSES:        
Salaries and employee benefits 13,965 15,086 28,448 31,200
Occupancy and equipment, net 5,508 5,315 11,330 10,892
Communication and transportation 856 991 1,882 2,021
Marketing and development 983 880 1,575 1,782
FDIC insurance expense 414 402 983 815
Bank franchise tax expense 831 857 3,170 2,572
Data processing 913 792 1,754 1,508
Debit card interchange expense 807 718 1,761 1,561
Supplies 60 218 500 572
Other real estate owned expense 560 945 1,630 1,834
Legal expense 88 1,338 500 1,768
Other 1,730 2,157 4,126 4,476
Total non-interest expenses 26,715 29,699 57,659 61,001
INCOME BEFORE INCOME TAX EXPENSE 9,654 8,946 28,177 29,924
INCOME TAX EXPENSE 3,332 2,827 9,871 10,449
NET INCOME 6,322 6,119 18,306 19,475
First Commercial Bank
       
NON-INTEREST INCOME:        
Bargain purchase gain       $ 1,324
Class A Common Stock
       
BASIC EARNINGS PER COMMON SHARE:        
Basic earnings per common share (in dollars per share) $ 0.31 $ 0.30 $ 0.88 $ 0.94
DILUTED EARNINGS PER COMMON SHARE:        
Diluted earnings per common share (in dollars per share) $ 0.30 $ 0.30 $ 0.88 $ 0.94
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividends declared per common share (in dollars per share) $ 0.187 $ 0.176 $ 0.363 $ 0.341
Class B Common Stock
       
BASIC EARNINGS PER COMMON SHARE:        
Basic earnings per common share (in dollars per share) $ 0.29 $ 0.28 $ 0.85 $ 0.91
DILUTED EARNINGS PER COMMON SHARE:        
Diluted earnings per common share (in dollars per share) $ 0.29 $ 0.28 $ 0.85 $ 0.90
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividends declared per common share (in dollars per share) $ 0.170 $ 0.160 $ 0.330 $ 0.310