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Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income        
Interest and fees on loans $ 29,859 $ 30,334 $ 58,575 $ 59,816
Interest on taxable securities 1,719 2,187 3,416 4,496
Interest on nontaxable securities 344 374 719 739
Interest on deposits in other banks and federal funds sold 29 112 114 238
Total interest income 31,951 33,007 62,824 65,289
Interest expense        
Interest on deposits 2,083 3,635 4,309 7,719
Interest on other borrowings 392 491 701 962
Total interest expense 2,475 4,126 5,010 8,681
Net interest income 29,476 28,881 57,814 56,608
Provision for loan losses 4,165 7,225 7,088 20,107
Net interest income after provision for loan losses 25,311 21,656 50,726 36,501
Noninterest income        
Service charges on deposit accounts 4,695 4,770 9,532 9,156
Mortgage banking activity 5,001 3,006 9,465 4,481
Other service charges, commissions and fees 617 322 946 713
Gain on acquisitions       20,037
Gain (loss) on sale of securities (1)   171  
Other noninterest income 1,072 777 2,630 1,752
Total noninterest income 11,384 8,875 22,744 36,139
Noninterest expense        
Salaries and employee benefits 13,381 12,125 27,187 23,571
Equipment and occupancy expenses 2,978 2,880 5,909 6,215
Amortization of intangible assets 358 412 722 632
Data processing and telecommunications expenses 2,836 2,905 5,406 4,830
Advertising and marketing expenses 327 364 582 713
Other non-interest expenses 6,808 7,937 15,766 24,908
Total noninterest expense 26,688 26,623 55,572 60,869
Income before income tax expense 10,007 3,908 17,898 11,771
Applicable income tax expense 3,329 1,413 5,935 3,911
Net income 6,678 2,495 11,963 7,860
Less preferred stock dividends 442 817 883 1,632
Net income available to common shareholders 6,236 1,678 11,080 6,228
Other comprehensive income        
Unrealized holding gain (loss) arising during period on investment securities available for sale, net of tax (3,689) 1,934 (4,118) 1,244
Reclassification adjustment for losses (gains) included in earnings, net of tax 1   (111)  
Unrealized gain (loss) on cash flow hedges arising during period, net of tax 995 (642) 1,204 (735)
Other comprehensive income (loss) (2,693) 1,292 (3,025) 509
Total comprehensive income $ 3,985 $ 3,787 $ 8,938 $ 8,369
Basic and diluted earnings per share $ 0.26 $ 0.07 $ 0.46 $ 0.26
Weighted average common shares outstanding        
Basic 23,879 23,819 23,873 23,791
Diluted 24,288 23,973 24,282 23,945