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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income        
Interest and fees on loans $ 49,172 $ 48,278 $ 98,612 $ 89,996
Interest on investment securities:        
Taxable 2,225 2,964 4,549 6,088
Tax-exempt 1,393 1,221 2,872 2,203
Dividends on other securities 368 295 491 377
Interest on deposits with unaffiliated banks and others 281 204 590 420
Total interest income 53,439 52,962 107,114 99,084
Interest Expense        
Interest on deposits 7,551 9,202 15,429 17,902
Interest on short-term borrowings 151 161 301 321
Interest on FHLB advances 443 708 885 1,582
Total interest expense 8,145 10,071 16,615 19,805
Net Interest Income 45,294 42,891 90,499 79,279
Provision for loan losses 7,000 12,700 14,500 26,700
Net interest income after provision for loan losses 38,294 30,191 75,999 52,579
Noninterest Income        
Service charges on deposit accounts 4,628 5,091 8,724 9,482
Wealth management revenue 3,026 2,603 5,792 4,895
Other charges and fees for customer services 2,728 2,333 5,386 4,341
Mortgage banking revenue 499 915 1,563 1,633
Other 21 58 209 89
Total noninterest income 10,902 11,000 21,674 20,440
Operating Expenses        
Salaries, wages and employee benefits 18,068 17,214 36,393 31,721
Occupancy 3,099 2,734 6,437 5,571
Equipment and software 3,110 3,698 5,832 6,412
Other 9,136 11,004 20,140 20,135
Total operating expenses 33,413 34,650 68,802 63,839
Income before income taxes 15,783 6,541 28,871 9,180
Federal income tax expense 4,750 2,150 8,650 2,500
Net Income $ 11,033 $ 4,391 $ 20,221 $ 6,680
Net Income Per Common Share:        
Basic $ 0.40 $ 0.17 $ 0.74 $ 0.27
Diluted $ 0.40 $ 0.17 $ 0.74 $ 0.27
Cash Dividends Declared Per Common Share $ 0.20 $ 0.20 $ 0.40 $ 0.40