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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except 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 $ 22,600 $ 20,044 $ 44,842 $ 39,730
Investment securities        
Available for sale - taxable 1,577 2,465 3,243 4,636
Held to maturity - taxable 1,053 1,441 2,184 3,074
Tax exempt 1,529 1,581 3,073 3,184
FRB and FHLB stock 116 134 177 215
Deposits with other banks 43 18 100 64
Total interest income 26,918 25,683 53,619 50,903
Deposits        
Savings, NOW and money market 734 658 1,460 1,302
Time 800 1,012 1,710 2,075
Commercial paper and other short-term borrowings 47 69 89 133
Advances - FHLB 390 518 782 1,037
Long-term borrowings - subordinated debentures 524 524 1,047 1,047
Total interest expense 2,495 2,781 5,088 5,594
Net interest income 24,423 22,902 48,531 45,309
Provision for loan losses 1,500 2,750 3,500 5,750
Net interest income after provision for loan losses 22,923 20,152 45,031 39,559
NONINTEREST INCOME        
Accounts receivable management/factoring commissions and other related fees 4,005 5,065 7,480 9,933
Mortgage banking income 3,357 2,393 7,756 4,729
Service charges on deposit accounts 1,202 1,407 2,497 2,667
Securities gains, net 213 329 345 1,208
Other income 1,059 1,281 2,433 2,224
Total noninterest income 9,836 10,475 20,511 20,761
NONINTEREST EXPENSE        
Salaries and employee benefits 15,503 14,895 31,617 29,806
Occupancy and equipment expenses, net 3,392 3,402 6,831 6,616
Deposit insurance 567 540 1,153 1,124
Professional fees 2,874 1,508 4,060 2,411
Other expenses 3,470 3,281 6,984 6,713
Total noninterest expenses 25,806 23,626 50,645 46,670
Income before income taxes 6,953 7,001 14,897 13,650
Provision for income taxes 2,429 2,128 5,129 4,175
Net income $ 4,524 $ 4,873 $ 9,768 $ 9,475
Average number of common shares outstanding        
Basic (in Shares) 30,902,957 30,818,709 30,882,237 30,805,484
Diluted (in Shares) 30,902,957 30,818,709 30,882,237 30,805,484
Net incomeper average common share        
Basic (in Dollars per share) $ 0.15 $ 0.16 $ 0.32 $ 0.31
Diluted (in Dollars per share) $ 0.15 $ 0.16 $ 0.32 $ 0.31
Dividends per common share (in Dollars per share) $ 0.09 $ 0.09 $ 0.18 $ 0.18