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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans $ 42,192 $ 43,629 $ 85,290 $ 88,243
Interest and dividends on investments:        
Taxable interest 7,334 7,319 14,514 14,428
Interest exempt from federal income taxes 64 1 68 2
Dividends 574 30 796 66
Interest on bank deposits 2 2 4 3
Total interest income 50,166 50,981 100,672 102,742
Interest Expense        
Interest on deposits 3,416 4,007 6,923 8,198
Interest on short-term borrowings 477 287 946 507
Interest on subordinated debentures 571 580 1,137 1,964
Interest on other long-term debt 319 409 692 957
Total interest expense 4,783 5,283 9,698 11,626
Net Interest Income 45,383 45,698 90,974 91,116
Provision for credit losses 3,317 10,800 6,548 15,297
Net Interest Income after Provision for Credit Losses 42,066 34,898 84,426 75,819
Noninterest Income        
Net securities gains 2 4 2 8
Trust income 1,474 1,608 2,909 3,271
Service charges on deposit accounts 4,141 3,815 7,933 7,216
Insurance and retail brokerage commissions 1,600 1,384 2,995 2,801
Income from bank owned life insurance 1,432 1,432 2,801 2,860
Gain on sale of assets 2,165 425 3,746 700
Card related interchange income 3,655 3,490 7,021 6,678
Other income 2,533 2,773 4,515 6,282
Total noninterest income 17,002 14,931 31,922 29,816
Noninterest Expense        
Salaries and employee benefits 21,897 21,497 42,941 43,290
Net occupancy expense 3,283 3,221 6,789 6,856
Furniture and equipment expense 5,249 3,297 10,579 6,569
Data processing expense 1,542 1,503 3,010 3,019
Advertising and promotion expense 785 775 1,485 1,554
Pennsylvania shares tax expense 1,038 1,517 1,749 2,707
Intangible amortization 178 297 356 655
Collection and repossession expense 449 851 1,158 2,002
Other professional fees and services 691 948 1,715 1,917
FDIC insurance 1,051 1,084 2,100 2,134
Loss on sale or write-down of assets (745) (343) (1,180) (530)
Loss on redemption of subordinated debt 0 (1,629) 0 (1,629)
Operational losses (recoveries) 229 214 (460) 552
Conversion related expenses 539 0 893 0
Other operating expenses 4,720 4,822 8,788 10,038
Total noninterest expense 42,396 41,998 82,283 83,452
Income Before Income Taxes 16,672 7,831 34,065 22,183
Income tax provision 4,744 2,015 9,837 5,814
Net Income $ 11,928 $ 5,816 $ 24,228 $ 16,369
Average Shares Outstanding (in shares) 93,794,589 97,564,699 94,166,936 98,421,956
Average Shares Outstanding Assuming Dilution (in shares) 93,811,543 97,577,010 94,177,831 98,429,223
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.13 $ 0.06 $ 0.26 $ 0.17
Diluted Earnings per Share (in dollars per share) $ 0.13 $ 0.06 $ 0.26 $ 0.17
Cash Dividends Declared per Common Share (in dollars per share) $ 0.07 $ 0.06 $ 0.14 $ 0.11