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Unaudited Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest and fees on loans$ 15,245$ 17,429$ 47,126$ 53,148
Interest on investment securities:    
Taxable3,7463,95011,02213,332
Nontaxable4616801,4552,287
Interest on deposits in other banks4144188189
Interest of federal funds sold and securities purchased under agreements to resell 236
Total interest income19,49322,10559,79468,962
Interest on deposits3,5535,26511,27217,962
Interest on federal funds purchased and other short-term borrowings4375154248
Interest on securities sold under agreements to repurchase and other long-term borrowings1,9962,6165,9787,869
Interest on subordinated notes payable to unconsolidated trusts5045221,5151,529
Total interest expense6,0968,47818,91927,608
Net interest income13,39713,62740,87541,354
Provision for loan losses3,2326,24410,20113,660
Net interest income after provision for loan losses10,1657,38330,67427,694
Service charges and fees on deposits2,2512,3786,4816,914
Allotment processing fees1,3421,3864,0274,175
Other service charges, commissions, and fees1,0551,1473,1463,487
Data processing income1563196911,046
Trust income5074211,5931,250
Investment securities gains, net3863,9081,2098,887
Gains on sale of mortgage loans, net328439620782
Income from company-owned life insurance230253706806
Other57320336
Total noninterest income6,26010,32418,49327,683
Salaries and employee benefits6,6466,64320,28120,501
Occupancy expenses, net1,2541,1583,6963,625
Equipment expenses6596591,8361,971
Data processing and communication expenses1,1471,3293,5744,197
Bank franchise tax6376211,9301,865
Correspondent bank fees95118334530
Amortization of intangibles2863598581,078
Deposit insurance expense6431,0992,2543,300
Other real estate expenses, net3,5692,1416,1844,805
Other2,0231,8006,8015,757
Total noninterest expense16,95915,92747,74847,629
(Loss) income before income taxes(534)1,7801,4197,748
Income tax (benefit) expense(806)525(67)1,707
Net income2721,2551,4866,041
Dividends and accretion on preferred shares(474)(469)(1,419)(1,401)
Net (loss) income available to common shareholders$ (202)$ 786$ 67$ 4,640
Net (loss) income per common share, basic and diluted (in Dollars per share)$ (0.03)$ 0.11$ 0.01$ 0.63
Weighted average common shares outstanding, basic and diluted (in Shares)7,4277,3937,4207,385