XML 105 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
INTEREST INCOME      
Loans $ 83,982 $ 75,251 $ 73,166
Investment securities      
Available for sale—taxable 8,453 9,379 10,863
Held to maturity—taxable 5,622 8,078 10,879
Tax exempt 6,293 6,359 4,824
Federal Reserve and Federal Home Loan Bank stock 409 371 445
Deposits with other banks 136 227 75
Total interest income 104,895 99,665 100,252
Deposits      
Savings, NOW and Money Market 2,586 2,855 3,288
Time 4,151 5,583 6,300
Federal funds purchased 22 14 74
Commercial paper and other short-term borrowings 43 45 63
Advances—FHLB 1,913 2,144 3,482
Long-term borrowings—subordinated debentures 2,094 2,094 2,094
Total interest expense 10,981 12,987 15,583
Net interest income 93,914 86,678 84,669
Provision for loan losses 10,250 12,000 28,500
Net interest income after provision for loan losses 83,664 74,678 56,169
NONINTEREST INCOME      
Accounts receivable management/factoring commissions and other fees 19,131 22,371 20,510
Service charges on deposit accounts 5,301 5,093 5,506
Trade finance income 1,922 2,222 2,264
Other customer related service charges and fees 1,001 943 777
Mortgage banking income 10,275 6,315 8,164
Trust fees   53 329
Income from life insurance policies 1,315 1,140 1,138
Securities gains 1,813 2,491 3,928
Loss on other real estate owned (61)   (64)
Other income 76 270 1,275
Total noninterest income 40,773 40,898 43,827
NONINTEREST EXPENSES      
Salaries 45,530 43,748 41,586
Employee benefits 14,902 13,898 12,220
Total personnel expense 60,432 57,646 53,806
Occupancy and equipment expenses, net 13,689 13,248 12,296
Advertising and marketing 2,815 2,792 3,381
Professional fees 4,841 5,219 5,464
Communications 2,029 1,756 1,691
Deposit insurance 2,229 2,747 3,809
Other expenses 9,849 10,376 10,365
Total noninterest expenses 95,884 93,784 90,812
Income before income taxes 28,553 21,792 9,184
Provision for income taxes 8,537 4,196 2,158
Net income 20,016 17,596 7,026
Dividends on preferred shares and accretion   2,074 2,589
Net income available to common shareholders 20,016 15,522 4,437
Average number of common shares outstanding      
Basic (in Shares) 30,828,293 30,038,047 24,492,279
Diluted (in Shares) 30,828,293 30,038,047 24,495,044
Net income available to common shareholders, per average common share      
Basic (in Dollars per share) $ 0.65 $ 0.51 $ 0.18
Diluted (in Dollars per share) $ 0.65 $ 0.51 $ 0.18
Dividends per common share (in Dollars per share) $ 0.36 $ 0.36 $ 0.36
Federal Reserve Bank [Member]
     
Deposits      
Short-term borrowings—FRB     9
Customers [Member]
     
Deposits      
Interest expense securities sold under agreements to repurchase 141 186 229
Dealers [Member]
     
Deposits      
Interest expense securities sold under agreements to repurchase $ 31 $ 66 $ 44