XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Comprehensive Income (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 44,276 $ 41,964
Interest and dividends on securities:    
Taxable 7,433 8,590
Tax-exempt 3,127 3,079
Total interest and dividends on securities 10,560 11,669
Other interest income 56 47
Total interest and dividend income 54,892 53,680
INTEREST EXPENSE    
Interest bearing demand deposits 301 405
Money market deposits 339 742
Savings deposits 141 295
Certificates of deposit 6,148 6,979
Total interest expense on deposits 6,929 8,421
Federal Home Loan Bank borrowings 319 1,377
Other short-term borrowings 623 1,178
Junior subordinated debt owed to unconsolidated subsidiary trusts 893 874
Total interest expense 8,764 11,850
NET INTEREST INCOME 46,128 41,830
Provision for credit losses 2,102 6,202
Net interest income after provision for credit losses 44,026 35,628
NON-INTEREST INCOME    
Trust fees 5,018 4,753
Service charges on deposits 4,197 3,993
Electronic banking fees 2,866 2,763
Net securities brokerage revenue 1,497 1,075
Bank-owned life insurance 1,949 880
Net gains on sales of mortgage loans 712 268
Net securities gains 16 100
Net (loss) / gain on other real estate owned and other assets (46) 32
Other income 1,287 1,458
Total non-interest income 17,496 15,322
NON-INTEREST EXPENSE    
Salaries and wages 15,826 14,315
Employee benefits 6,345 5,618
Net occupancy 3,192 2,776
Equipment 2,407 2,174
Marketing 805 771
FDIC insurance 971 1,045
Amortization of intangible assets 625 537
Restructuring and merger-related expense 1,178  
Other operating expenses 9,398 8,429
Total non-interest expense 40,747 35,665
Income before provision for income taxes 20,775 15,285
Provision for income taxes 4,754 3,295
NET INCOME 16,021 11,990
EARNINGS PER COMMON SHARE    
Basic $ 0.55 $ 0.45
Diluted $ 0.55 $ 0.45
AVERAGE COMMON SHARES OUTSTANDING    
Basic 29,211,321 26,628,025
Diluted 29,268,483 26,631,187
DIVIDENDS DECLARED PER COMMON SHARE $ 0.19 $ 0.17
COMPREHENSIVE INCOME $ 15,580 $ 12,566