XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST INCOME        
Loans, including fees $ 41,857 $ 40,256 $ 83,817 $ 79,513
Securities:        
Taxable 2,087 3,011 4,494 6,637
Tax-exempt 411 602 835 1,232
Federal funds sold    20 1 41
Interest-bearing deposits with banks 1,061 886 2,034 1,661
Total interest income 45,416 44,775 91,181 89,084
INTEREST EXPENSE        
Deposits 3,883 5,986 8,132 12,231
Short-term borrowings 8 3 16 7
Long-term borrowings 91 255 196 501
Junior subordinated debentures 565 525 1,151 1,050
Total interest expense 4,547 6,769 9,495 13,789
Net interest income 40,869 38,006 81,686 75,295
Provision for loan losses 248 2,013 421 2,801
Net interest income after provision for loan losses 40,621 35,993 81,265 72,494
NONINTEREST INCOME        
Trust revenue 1,823 1,631 3,530 3,218
Service charges on deposits 11,031 10,449 21,638 20,201
Securities transactions 226 1,316 4,258 1,324
Income from sales of loans 766 420 1,338 872
Insurance commissions 2,803 2,471 5,796 4,893
Cash management 2,041 1,927 3,980 3,692
Loss on sale of other assets 323 (5) 343 4
Other 1,351 1,470 2,918 3,205
Total noninterest income 20,364 19,679 43,801 37,409
NONINTEREST EXPENSE        
Salaries and employee benefits 24,830 22,557 49,630 44,369
Occupancy and fixed assets expense, net 2,477 2,411 4,923 4,862
Depreciation 2,226 1,889 4,357 3,793
Amortization of intangible assets 457 377 914 754
Data processing services 1,158 1,168 2,441 2,418
Net expense from other real estate owned 922 775 1,169 (131)
Marketing and business promotion 1,679 1,653 3,334 3,191
Deposit insurance 724 764 1,443 2,190
Other 8,090 8,016 16,389 14,561
Total noninterest expense 42,563 39,610 84,600 76,007
Income before taxes 18,422 16,062 40,466 33,896
Income tax expense (6,693) (5,947) (14,732) (12,426)
Net income 11,729 10,115 25,734 21,470
NET INCOME PER COMMON SHARE        
Basic $ 0.77 $ 0.66 $ 1.70 $ 1.40
Diluted $ 0.76 $ 0.65 $ 1.67 $ 1.37
OTHER COMPREHENSIVE INCOME        
Unrealized gains (losses) on securities, net of tax of $292, $(1,034), $610 and $(959), respectively (541) 1,976 (1,132) 1,784
Reclassification adjustment for gains included in net income, net of tax of $5, $293, $728 and $293, respectively (11) (544) (1,353) (544)
Other comprehensive income (loss), net of tax of $297, $(741), $1,338 and $(666), respectively (552) 1,432 (2,485) 1,240
Comprehensive income $ 11,177 $ 11,547 $ 23,249 $ 22,710