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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Loans receivable:    
Taxable $ 35,848 $ 38,738
Tax exempt 117 102
Investment securities:    
Taxable 4,574 4,547
Tax exempt 2,562 2,553
Federal funds sold   2
Deposits with financial institutions 25 83
Federal Reserve and Federal Home Loan Bank stock 343 341
Total Interest Income 43,469 46,366
INTEREST EXPENSE    
Deposits 4,110 6,866
Federal funds purchased 12 3
Securities sold under repurchase agreements 295 378
Federal Home Loan Bank advances 994 1,001
Subordinated debentures, revolving credit lines and term loans 1,942 2,641
Total Interest Expense 7,353 10,889
NET INTEREST INCOME 36,116 35,477
Provision for loan losses 4,875 5,594
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 31,241 29,883
OTHER INCOME    
Service charges on deposit accounts 2,819 2,779
Fiduciary activities 1,983 2,036
Other customer fees 2,586 2,235
Commission income 1,667 1,888
Earnings on cash surrender value of life insurance 1,378 578
Net gains and fees on sales of loans 1,952 1,873
Net realized gains on sales of available for sale securities 789 463
Other-than-temporary impairment on available for sale securities   (5,687)
Portion of loss recognized in other comprehensive income before taxes   5,287
Net impairment losses recognized in earnings   (400)
Gain on FDIC modified whole bank transaction 9,124  
Other income 360 406
Total Other Income 22,658 11,858
OTHER EXPENSES    
Salaries and employee benefits 19,354 17,176
Net occupancy 2,651 2,745
Equipment 1,805 1,783
Marketing 442 382
Outside data processing fees 1,376 1,445
Printing and office supplies 267 288
Core deposit amortization 469 1,101
FDIC assessments 1,117 2,104
Other real estate owned and credit-related expenses 2,186 3,195
Other expenses 4,361 3,662
Total Other Expenses 34,028 33,881
INCOME BEFORE INCOME TAX 19,871 7,860
Income tax expense 5,500 2,399
NET INCOME 14,371 5,461
Preferred stock dividends and discount accretion (1,135) (988)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 13,236 $ 4,473
Per Share Data:    
Basic Net Income Available to Common Stockholders $ 0.46 $ 0.17
Diluted Net Income Available to Common Stockholders $ 0.46 $ 0.17
Cash Dividends Paid $ 0.01 $ 0.01
Average Diluted Shares Outstanding (in thousands) 28,755 25,763