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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME:        
Interest and fees on loans $ 16,181 $ 17,850 $ 49,664 $ 53,252
Taxable interest on investment securities 525 792 1,781 2,223
Nontaxable interest on investment securities 274 214 797 592
Interest on interest earning deposits 51 65 167 206
Total interest income 17,031 18,921 52,409 56,273
INTEREST EXPENSE:        
Deposits 1,061 1,604 3,501 5,161
Other borrowings 15 18 49 61
Total interest expense 1,076 1,622 3,550 5,222
Net interest income 15,955 17,299 48,859 51,051
Provision for loan losses on originated loans 215 395 415 4,985
Provision for loan losses on purchased loans 592 2,821 902 6,128
Net interest income after provision for loan losses 15,148 14,083 47,542 39,938
NON-INTEREST INCOME:        
Gains on sales of loans, net 92 58 208 245
Service charges on deposits 933 892 2,748 2,723
Merchant Visa income, net 182 132 534 391
Change in FDIC indemnification asset (492) (1,666) (687) (2,578)
Other income 812 823 2,696 2,619
Total non-interest income 1,527 239 5,499 3,400
NON-INTEREST EXPENSE:        
Impairment loss on investment securities 14 28 112 93
Less: Portion recorded as other comprehensive loss (14)   (52) (20)
Impairment loss on investment securities, net   28 60 73
Salaries and employee benefits 7,224 6,495 21,709 20,207
Occupancy and equipment 1,880 1,749 5,497 5,314
Data processing 643 553 1,902 2,011
Marketing 435 390 1,207 1,084
Professional services 742 517 1,924 1,564
State and local taxes 295 290 925 1,015
Federal deposit insurance premium 245 384 783 1,272
Other real estate owned, net 35 31 487 596
Other expense 1,004 1,348 3,477 4,305
Total non-interest expense 12,503 11,785 37,971 37,441
Income before income taxes 4,172 2,537 15,070 5,897
Income tax expense 1,309 701 4,843 1,611
Net income $ 2,863 $ 1,836 $ 10,227 $ 4,286
Earnings per common share:        
Basic $ 0.19 $ 0.12 $ 0.67 $ 0.27
Diluted $ 0.19 $ 0.12 $ 0.67 $ 0.27
Dividends declared per common share: $ 0.08 $ 0.05 $ 0.42 $ 0.08