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SELECTED QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
SELECTED QUARTERLY FINANCIAL DATA (Unaudited)  
Schedule of company's unaudited, quarterly results

 

 

 
  Three Months Ended  
 
  December 31,
2012
  September 30,
2012
  June 30,
2012
  March 31,
2012
 
 
  (Dollars in thousands, except per share data)
 

Interest income

  $ 73,702   $ 75,123   $ 72,890   $ 74,400  

Interest expense

    (4,099 )   (4,352 )   (4,477 )   (6,720 )
                   

Net interest income

    69,603     70,771     68,413     67,680  
                   

Negative provision (provision) for credit losses:

                         

Non-covered loans

        2,000         10,000  

Covered loans

    4,333     141     271     (3,926 )
                   

Total negative provision for
credit losses

    4,333     2,141     271     6,074  
                   

FDIC loss sharing income (expense), net

    (6,022 )   (367 )   (102 )   (3,579 )

Gain on sale of securities

    1,239              

Other-than-temporary impairment loss on covered security

            (1,115 )    

Other noninterest income

    6,840     6,049     6,088     6,841  
                   

Total noninterest income

    2,057     5,682     4,871     3,262  
                   

Non-covered OREO expense, net

    (316 )   (1,883 )   (130 )   (1,821 )

Covered OREO expense, net

    461     (4,290 )   (2,130 )   (822 )

Acquisition and integration costs

    (1,092 )   (2,101 )   (871 )   (25 )

Debt termination expense

                (22,598 )

Other noninterest expense

    (42,578 )   (43,383 )   (44,454 )   (43,629 )
                   

Total noninterest expense

    (43,525 )   (51,657 )   (47,585 )   (68,895 )
                   

Earnings before income taxes

    32,468     26,937     25,970     8,121  

Income tax expense

    (12,576 )   (10,849 )   (10,413 )   (2,857 )
                   

Net earnings

  $ 19,892   $ 16,088   $ 15,557   $ 5,264  
                   

Earnings per share:

                         

Basic

  $ 0.54   $ 0.43   $ 0.42   $ 0.14  

Diluted

  $ 0.54   $ 0.43   $ 0.42   $ 0.14  

 
  Three Months Ended  
 
  December 31,
2011
  September 30,
2011
  June 30,
2011
  March 31,
2011
 
 
  (Dollars in thousands, except per share data)
 

Interest income

  $ 70,913   $ 72,518   $ 77,196   $ 74,657  

Interest expense

    (7,140 )   (8,077 )   (8,507 )   (8,919 )
                   

Net interest income

    63,773     64,441     68,689     65,738  
                   

Provision for credit losses:

                         

Non-covered loans

            (5,500 )   (7,800 )

Covered loans

    (4,122 )   (348 )   (5,890 )   (2,910 )
                   

Total provision for credit losses

    (4,122 )   (348 )   (11,390 )   (10,710 )
                   

FDIC loss sharing income (expense), net

    2,667     963     5,316     (1,170 )

Other noninterest income

    5,587     6,180     5,924     5,959  
                   

Total noninterest income

    8,254     7,143     11,240     4,789  
                   

Non-covered OREO expense, net

    (1,714 )   (2,293 )   (2,300 )   (703 )

Covered OREO expense, net

    (226 )   (4,813 )   (1,205 )   2,578  

Acquisition and integration costs

    (600 )            

Other noninterest expense

    (40,929 )   (41,481 )   (43,033 )   (43,274 )
                   

Total noninterest expense

    (43,469 )   (48,587 )   (46,538 )   (41,399 )
                   

Earnings before income taxes

    24,436     22,649     22,001     18,418  

Income tax expense

    (10,553 )   (9,345 )   (9,160 )   (7,742 )
                   

Net earnings

  $ 13,883   $ 13,304   $ 12,841   $ 10,676  
                   

Earnings per share:

                         

Basic

  $ 0.38   $ 0.36   $ 0.35   $ 0.29  

Diluted

  $ 0.38   $ 0.36   $ 0.35   $ 0.29