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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest and dividend income:        
Loans, including fees $ 25,530 $ 21,987 $ 76,251 $ 65,444
Debt securities:        
Taxable 1,443 2,132 4,790 6,853
Tax exempt 108 134 323 410
Dividends 12 6 39 20
Interest bearing cash at Federal Reserve and other banks 372 213 1,170 646
Total interest and dividend income 27,465 24,472 82,573 73,373
Interest expense:        
Deposits 1,106 1,543 3,367 5,172
Other borrowings 395 610 1,602 1,803
Junior subordinated debt 333 312 1,003 934
Total interest expense 1,834 2,465 5,972 7,909
Net interest income 25,631 22,007 76,601 65,464
Provision for loan losses 532 5,069 7,899 17,631
Net interest income after provision for loan losses 25,099 16,938 68,702 47,833
Noninterest income:        
Service charges and fees 5,783 5,584 17,890 17,487
Gain on sale of loans 1,430 598 4,317 1,818
Commissions on sale of non-deposit investment products 803 542 2,464 1,550
Increase in cash value of life insurance 450 450 1,350 1,350
Bargain purchase gain    7,575    7,575
Other 661 (26) 1,948 2,544
Total noninterest income 9,127 14,723 27,969 32,324
Noninterest expense:        
Salaries and related benefits 12,362 11,930 37,614 33,438
Other 13,228 8,943 35,258 27,201
Total noninterest expense 25,590 20,873 72,872 60,639
Income before income taxes 8,636 10,788 23,799 19,518
Provision for income taxes 3,616 4,318 9,527 7,477
Net income $ 5,020 $ 6,470 $ 14,272 $ 12,041
Earnings per share:        
Basic $ 0.31 $ 0.40 $ 0.89 $ 0.76
Diluted $ 0.31 $ 0.40 $ 0.89 $ 0.75
Dividends per share $ 0.09 $ 0.09 $ 0.27 $ 0.27