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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME:        
Loans, including fees $ 30,916 $ 31,619 $ 91,188 $ 95,268
Taxable investment securities 1,896 1,984 5,663 6,000
Federal Home Loan Bank stock and other 332 406 1,195 1,261
Total interest income 33,144 34,009 98,046 102,529
INTEREST EXPENSE:        
Deposits 930 1,043 2,845 3,073
Securities sold under agreements to repurchase and other short-term borrowings 28 11 72 53
Federal Home Loan Bank advances 3,116 3,788 9,947 11,081
Subordinated note 628 628 1,886 1,886
Total interest expense 4,702 5,470 14,750 16,093
NET INTEREST INCOME 28,442 28,539 83,296 86,436
Provision for loan losses 1,510 2,200 1,500 2,480
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,932 26,339 81,796 83,956
NON-INTEREST INCOME:        
Service charges on deposit accounts 3,568 3,676 10,426 10,384
Net refund transfer fees (133) 152 16,091 13,849
Mortgage banking income 876 1,026 2,174 6,480
Debit card interchange fee income 1,551 1,519 5,224 4,986
Bargain purchase gain       1,324
Net gain on sale of other real estate owned 67 403 733 1,714
Increase in cash surrender value of bank owned life insurance 381   951  
Other 834 723 2,388 1,961
Total non-interest income 7,144 7,499 37,987 40,698
NON-INTEREST EXPENSES:        
Salaries and employee benefits 12,164 12,226 40,612 43,426
Occupancy and equipment, net 5,544 5,462 16,874 16,354
Communication and transportation 905 990 2,787 3,011
Marketing and development 1,020 745 2,466 2,418
FDIC insurance expense 424 419 1,407 1,234
Bank franchise tax expense 731 707 3,901 3,279
Data processing 868 934 2,622 2,442
Debit card interchange expense 744 655 2,505 2,216
Supplies 205 228 705 800
Other real estate owned expense 950 497 2,580 2,331
Legal expense 367 1,343 867 3,111
Other 1,900 2,079 6,026 6,555
Total non-interest expenses 25,822 26,285 83,352 87,177
INCOME BEFORE INCOME TAX EXPENSE 8,254 7,553 36,431 37,477
INCOME TAX EXPENSE 3,008 2,950 12,879 13,399
NET INCOME 5,246 4,603 23,552 24,078
First Commercial Bank ("FCB")
       
NON-INTEREST INCOME:        
Bargain purchase gain       $ 1,324
Class A Common Stock
       
BASIC EARNINGS PER COMMON SHARE:        
Basic earnings per share (in dollars per share) $ 0.25 $ 0.22 $ 1.14 $ 1.16
DILUTED EARNINGS PER COMMON SHARE:        
Diluted earnings per share (in dollars per share) $ 0.25 $ 0.22 $ 1.13 $ 1.16
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.187 $ 0.176 $ 0.550 $ 0.517
Class B Common Stock
       
BASIC EARNINGS PER COMMON SHARE:        
Basic earnings per share (in dollars per share) $ 0.24 $ 0.21 $ 1.09 $ 1.12
DILUTED EARNINGS PER COMMON SHARE:        
Diluted earnings per share (in dollars per share) $ 0.24 $ 0.21 $ 1.08 $ 1.11
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.17 $ 0.16 $ 0.50 $ 0.47