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Summary of Quarterly Results of Operations (Unaudited) (Tables)
3 Months Ended
Mar. 31, 2013
Summary of Quarterly Results of Operations [Abstract]  
Results of operations
                     
    2013 Quarters Ended  
    December 31,   September 30,   June 30,   March 31,  
    (In thousands, except per share data)  

Interest and dividend income:

                   

Loans:

                   

Discount accretion PCI – cash basis

              $ 167  

Discount accretion PCI – other

                597  

Discount accretion PNCI

                766  

Regular interest Purchased loans

                3,074  

All other loan interest income

                19,468  
               

 

 

 

Total loan interest income

                24,072  

Debt securities, dividends and interest bearing cash at Banks (not FTE)

                1,734  
               

 

 

 

Total interest income

                25,806  

Interest expense

                1,237  
               

 

 

 

Net interest income

                24,569  

Reversal of provision for loan losses

                (1,108
               

 

 

 

Net interest income after provision for loan losses

                25,677  

Noninterest income

                10,218  

Noninterest expense

                21,601  
               

 

 

 

Income before income taxes

                14,294  

Income tax expense

                5,817  
               

 

 

 

Net income

              $ 8,477  
               

 

 

 

Per common share:

                   

Net income (diluted)

              $ 0.53  
               

 

 

 

Dividends

              $ 0.09  
               

 

 

 

 

                                 
    2012 Quarters Ended  
    December 31,     September 30,     June 30,     March 31,  
    (In thousands, except per share data)  

Interest and dividend income:

                               

Loans:

                               

Discount accretion PCI – cash basis

  $ 42     $ 24     $ 108     $ 18  

Discount accretion PCI – other

    979       1,192       886       776  

Discount accretion PNCI

    841       591       1,391       1,286  

Regular interest Purchased loans

    3,226       3,251       3,439       3,420  

All other loan interest income

    19,157       20,472       19,968       19,429  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total loan interest income

    24,245       25,530       25,792       24,929  

Debt securities, dividends and interest bearing cash at Banks (not FTE)

    1,898       1,935       2,152       2,235  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total interest income

    26,143       27,465       27,944       27,164  

Interest expense

    1,372       1,834       2,010       2,128  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

    24,771       25,631       25,934       25,036  

Provision for loan losses

    1,524       532       3,371       3,996  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income after provision for loan losses

    23,247       25,099       22,563       21,040  

Noninterest income

    10,011       9,127       10,577       8,265  

Noninterest expense

    25,126       25,590       24,367       22,915  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

    8,132       8,636       8,773       6,390  

Income tax expense

    3,410       3,616       3,452       2,459  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 4,722     $ 5,020     $ 5,321     $ 3,931  
   

 

 

   

 

 

   

 

 

   

 

 

 

Per common share:

                               

Net income (diluted)

  $ 0.29     $ 0.31     $ 0.33     $ 0.25  
   

 

 

   

 

 

   

 

 

   

 

 

 

Dividends

  $ 0.09     $ 0.09     $ 0.09     $ 0.09