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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income:      
Interest and fees on loans $ 48,238 $ 49,410 $ 57,332
Interest and dividends on taxable investment securities 19,778 24,149 29,558
Interest on tax-exempt investment securities 1,434 1,550 2,354
Other interest income 20 24 91
Total interest income 69,470 75,133 89,335
Interest Expense:      
Interest on deposits 9,059 13,930 19,122
Interest on short-term borrowings 74 103 262
Interest on long-term borrowings 3,949 5,142 8,063
Interest on junior subordinated notes held by subsidiary trust 1,913 1,979 1,986
Total interest expense 14,995 21,154 29,433
Net interest income 54,475 53,979 59,902
(Recovery of) provision for loan losses (4,716) 7,998 26,916
Net interest income after (recovery of) provision for loan losses 59,191 45,981 32,986
Gross impairment losses on investment securities 0 0 (1,620)
Less: Non-credit losses included in other comprehensive income 0 0 166
Net impairment losses on investment securities 0 0 (1,786)
Other Income:      
Insurance income 9,844 9,265 8,846
Deposit account service charges 8,965 9,765 9,581
Trust and investment income 6,129 5,548 5,348
Electronic banking income 5,955 5,142 4,686
Mortgage banking income 2,877 1,687 1,566
Net gain on investment securities 3,548 473 6,852
Net loss on assets (4,326) (916) (6,891)
Other non-interest income 1,201 1,537 1,607
Total other income 34,193 32,501 31,595
Other Expenses:      
Salaries and employee benefit costs 33,426 33,626 29,222
Net occupancy and equipment 6,094 5,885 5,781
Professional fees 4,370 3,531 3,108
Electronic banking expense 3,342 2,692 2,453
Marketing expense 2,682 1,765 1,023
Data processing and software 1,979 1,893 2,032
Franchise tax 1,486 1,505 1,576
Communication expense 1,285 1,223 1,188
Foreclosed real estate and other loan expenses 1,001 1,213 1,675
FDIC insurance 1,002 1,867 2,470
Amortization of other intangible assets 509 586 918
Other non-interest expense 6,298 5,545 5,596
Total other expenses 63,474 61,331 57,042
Income before income taxes 29,910 17,151 5,753
Income tax expense 9,525 4,596 172
Net income 20,385 12,555 5,581
Preferred dividends 0 1,343 2,052
Net income available to common shareholders $ 20,385 $ 11,212 $ 3,529
Earnings per common share - basic $ 1.92 $ 1.07 $ 0.34
Earnings per common share - diluted $ 1.92 $ 1.07 $ 0.34
Weighted-average number of common shares outstanding - basic 10,527,885 10,482,318 10,424,474
Weighted-average number of common shares outstanding - diluted 10,528,286 10,482,318 10,431,990