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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Loans, including fees $ 42,026 $ 42,074 $ 125,843 $ 121,587
Securities:        
Taxable 1,681 2,754 6,175 9,391
Tax-exempt 366 502 1,201 1,734
Federal funds sold     1 41
Interest-bearing deposits with banks 1,071 930 3,105 2,591
Total interest income 45,144 46,260 136,325 135,344
INTEREST EXPENSE        
Deposits 3,729 5,159 11,861 17,390
Short-term borrowings 7 26 23 33
Long-term borrowings 84 332 280 833
Junior subordinated debentures 492 525 1,643 1,575
Total interest expense 4,312 6,042 13,807 19,831
Net interest income 40,832 40,218 122,518 115,513
Provision for loan losses 233 885 654 3,686
Net interest income after provision for loan losses 40,599 39,333 121,864 111,827
NONINTEREST INCOME        
Trust revenue 1,927 1,779 5,457 4,997
Service charges on deposits 11,896 11,386 33,534 31,587
Securities transactions 385 50 4,643 1,374
Income from sales of loans 737 529 2,075 1,401
Insurance commissions 3,661 2,910 9,457 7,803
Cash management 1,971 1,848 5,951 5,540
Gain on sale of other assets 26 3 369 7
Other 1,513 1,612 4,431 4,817
Total noninterest income 22,116 20,117 65,917 57,526
NONINTEREST EXPENSE        
Salaries and employee benefits 24,641 23,845 74,271 68,215
Occupancy and fixed assets expense, net 2,877 2,667 7,800 7,529
Depreciation 2,253 2,117 6,610 5,910
Amortization of intangible assets 457 458 1,371 1,211
Data processing services 1,208 1,302 3,649 3,720
Net expense from other real estate owned 200 965 1,369 834
Marketing and business promotion 1,998 1,550 5,332 4,741
Deposit insurance 745 786 2,188 2,976
Other 8,086 7,569 24,475 22,130
Total noninterest expense 42,465 41,259 127,065 117,266
Income before taxes 20,250 18,191 60,716 52,087
Income tax expense 6,390 5,638 21,122 18,064
Net income 13,860 12,553 39,594 34,023
NET INCOME PER COMMON SHARE        
Basic $ 0.91 $ 0.82 $ 2.61 $ 2.22
Diluted $ 0.90 $ 0.81 $ 2.57 $ 2.18
OTHER COMPREHENSIVE INCOME        
Unrealized gains (losses) on securities, net of tax of $44, $(273), $654, and $(1,232), respectively (82) 430 (1,214) 2,214
Reclassification adjustment for gains (losses) included in net income, net of tax of 93, $6, $821 and $299, respectively (172) (11) (1,525) (555)
Other comprehensive income (loss), net of tax of $137, $(267), $1475 and $(933), respectively (254) 419 (2,739) 1,659
Comprehensive income $ 13,606 $ 12,972 $ 36,855 $ 35,682