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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, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Loans receivable:        
Taxable $ 36,652 $ 37,457 $ 72,500 $ 76,195
Tax exempt 123 247 240 349
Investment securities:        
Taxable 4,468 5,040 9,042 9,587
Tax exempt 2,551 2,535 5,113 5,088
Federal funds sold   1   3
Deposits with financial institutions 28 100 53 183
Federal Reserve and Federal Home Loan Bank stock 347 341 690 682
Total Interest Income 44,169 45,721 87,638 92,087
INTEREST EXPENSE        
Deposits 3,939 5,864 8,049 12,730
Federal funds purchased 12 3 24 6
Securities sold under repurchase agreements 197 386 492 764
Federal Home Loan Bank advances 637 977 1,631 1,978
Subordinated debentures and term loans 1,331 2,644 3,273 5,285
Total Interest Expense 6,116 9,874 13,469 20,763
NET INTEREST INCOME 38,053 35,847 74,169 71,324
Provision for loan losses 4,545 5,625 9,420 11,219
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 33,508 30,222 64,749 60,105
OTHER INCOME        
Service charges on deposit accounts 2,893 2,997 5,712 5,776
Fiduciary activities 1,938 1,929 3,921 3,965
Other customer fees 3,150 2,634 5,736 4,869
Commission income 1,485 1,024 3,152 2,912
Earnings on cash surrender value of life insurance 662 571 2,040 1,149
Net gains and fees on sales of loans 2,314 1,030 4,266 2,903
Net realized gains on sales of available for sale securities 502 825 1,291 1,288
Other-than-temporary impairment on available for sale securities       (2,775)
Portion of loss recognized in other comprehensive income before taxes       2,375
Net impairment losses recognized in earnings       (400)
Gain on FDIC modified whole bank transaction     9,124  
Other income 221 51 581 457
Total Other Income 13,165 11,061 35,823 22,919
OTHER EXPENSES        
Salaries and employee benefits 19,641 18,560 38,995 35,736
Net occupancy 2,473 2,415 5,124 5,160
Equipment 1,656 1,677 3,461 3,460
Marketing 564 436 1,006 818
Outside data processing fees 1,506 1,458 2,882 2,903
Printing and office supplies 294 313 561 601
Core deposit amortization 480 1,101 949 2,202
FDIC assessments 862 1,451 1,979 3,555
Other real estate owned and credit-related expenses 2,122 2,843 4,308 6,038
Other expenses 4,582 4,145 8,943 7,807
Total Other Expenses 34,180 34,399 68,208 68,280
INCOME BEFORE INCOME TAX 12,493 6,884 32,364 14,744
Income tax expense 3,288 1,396 8,788 3,795
NET INCOME 9,205 5,488 23,576 10,949
Preferred stock dividends and discount accretion (1,135) (990) (2,270) (1,978)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 8,070 $ 4,498 $ 21,306 $ 8,971
Per Share Data:        
Basic Net Income Available to Common Stockholders $ 0.28 $ 0.18 $ 0.74 $ 0.35
Diluted Net Income Available to Common Stockholders $ 0.28 $ 0.18 $ 0.74 $ 0.35
Cash Dividends Paid $ 0.03 $ 0.01 $ 0.04 $ 0.02
Average Diluted Shares Outstanding 28,815,019 25,782,799 28,782,042 25,772,863