XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on loans $ 34,396 $ 39,886 $ 109,330 $ 111,519
Interest on debt securities:        
Taxable 2,043 2,628 6,210 7,440
Nontaxable 301 264 907 734
Interest on interest-bearing deposits 37 53 130 195
Dividends on equity securities 106 43 277 230
Total interest income 36,883 42,874 116,854 120,118
Interest expense:        
Interest-bearing transaction accounts 99 182 360 566
Money market accounts 714 1,024 2,348 3,694
Savings 56 68 171 209
Certificates of deposit:        
$100 and over 1,326 1,691 4,207 5,500
Other 439 597 1,385 2,103
Subordinated debentures 679 982 2,580 3,111
Federal Home Loan Bank advances 757 721 2,221 2,327
Notes payable and other borrowings 239 125 801 362
Total interest expense 4,309 5,390 14,073 17,872
Net interest income 32,574 37,484 102,781 102,246
Provision for loan losses not covered under FDIC loss share (652) 1,048 (3,094) 2,841
Provision for loan losses covered under FDIC loss share 2,811 10,889 2,789 13,380
Net interest income after provision for loan losses 30,415 25,547 103,086 86,025
Noninterest income:        
Wealth Management revenue 1,698 1,825 5,419 5,525
Service charges on deposit accounts 1,768 1,456 5,025 4,199
Other service charges and fee income 722 676 2,030 1,848
Gain on sale of other real estate 472 739 1,562 3,152
Gain on state tax credits, net 308 256 1,214 1,180
Gain on sale of investment securities 611 0 1,295 1,156
Change in FDIC loss share receivable (2,849) 1,912 (13,647) (6,738)
Miscellaneous income 986 968 2,055 2,338
Total noninterest income 3,716 7,832 4,953 12,660
Noninterest expense:        
Employee compensation and benefits 10,777 11,441 33,006 32,956
Occupancy 1,333 1,399 4,098 4,162
Furniture and equipment 356 384 1,200 1,234
Data processing 1,143 881 3,000 2,530
FDIC and other insurance 900 862 2,592 2,658
Loan legal and other real estate expense 1,247 1,187 3,355 5,216
Professional Fees 1,041 1,288 3,394 3,640
Other 4,443 3,840 12,491 11,664
Total noninterest expense 21,240 21,282 63,136 64,060
Income before income tax expense 12,891 12,097 44,903 34,625
Income tax expense 4,481 4,167 15,420 11,744
Net income 8,410 7,930 29,483 22,881
Net Income (Loss) Available to Common Stockholders, Basic $ 8,410 $ 7,282 $ 29,483 $ 20,948
Earnings per common share        
Basic $ 0.45 $ 0.41 $ 1.61 $ 1.17
Diluted $ 0.44 $ 0.39 $ 1.55 $ 1.14