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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Loans receivable:        
Taxable $ 34,018 $ 36,652 $ 71,177 $ 72,500
Tax exempt 113 123 230 240
Investment securities:        
Taxable 3,577 4,468 7,195 9,042
Tax exempt 2,515 2,551 4,969 5,113
Deposits with financial institutions 62 28 81 53
Federal Reserve and Federal Home Loan Bank stock 368 347 739 690
Total Interest Income 40,653 44,169 84,391 87,638
INTEREST EXPENSE        
Deposits 2,599 3,939 5,490 8,049
Federal funds purchased 1 12 12 24
Securities sold under repurchase agreements 208 197 402 492
Federal Home Loan Bank advances 462 637 921 1,631
Subordinated debentures and term loans 733 1,331 1,458 3,273
Total Interest Expense 4,003 6,116 8,283 13,469
NET INTEREST INCOME 36,650 38,053 76,108 74,169
Provision for loan losses 1,997 4,545 4,099 9,420
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 34,653 33,508 72,009 64,749
OTHER INCOME        
Service charges on deposit accounts 2,912 2,893 5,641 5,712
Fiduciary activities 2,264 1,938 4,371 3,921
Other customer fees 2,816 3,150 5,596 5,736
Commission income 1,748 1,485 3,920 3,152
Earnings on cash surrender value of life insurance 610 662 1,310 2,040
Net gains and fees on sales of loans 2,457 2,314 4,835 4,266
Net realized gains on sales of available for sale securities 239 502 487 1,291
Gain on FDIC modified whole bank transaction          9,124
Other income 1,013 221 1,776 581
Total Other Income 14,059 13,165 27,936 35,823
OTHER EXPENSES        
Salaries and employee benefits 20,536 19,641 41,327 38,995
Net occupancy 2,267 2,473 4,869 5,124
Equipment 1,742 1,656 3,516 3,461
Marketing 535 564 1,002 1,006
Outside data processing fees 1,391 1,506 2,871 2,882
Printing and office supplies 311 294 642 561
Core deposit amortization 383 480 770 949
FDIC assessments 674 862 1,418 1,979
Other real estate owned and credit-related expenses 1,479 2,122 3,345 4,308
Other expenses 4,424 4,582 8,682 8,943
Total Other Expenses 33,742 34,180 68,442 68,208
INCOME BEFORE INCOME TAX 14,970 12,493 31,503 32,364
Income tax expense 4,155 3,288 8,823 8,788
NET INCOME 10,815 9,205 22,680 23,576
Preferred stock dividends (852) (1,135) (1,709) (2,270)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 9,963 $ 8,070 $ 20,971 $ 21,306
Per Share Data:        
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.35 $ 0.28 $ 0.73 $ 0.74
Diluted Net Income Available to Common Stockholders (in dollars per share) $ 0.34 $ 0.28 $ 0.72 $ 0.74
Cash Dividends Paid (in dollars per share) $ 0.05 $ 0.03 $ 0.08 $ 0.04
Average Diluted Shares Outstanding (in shares) 29,023,513 28,815,019 28,996,774 28,782,042