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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income        
Interest on loans $ 47,019 $ 44,251 $ 141,717 $ 131,142
Taxable interest and dividends on securities 3,763 3,995 10,798 12,938
Nontaxable interest and dividends on securities 10 20 32 72
Interest on loans held for sale 156 255 661 541
Interest on federal funds sold 79 34 134 85
Total interest and dividend income 51,027 48,555 153,342 144,778
Interest expense        
Interest on deposits 2,649 2,619 7,857 8,045
Interest on borrowings 3,182 3,098 9,812 9,413
Total interest expense 5,831 5,717 17,669 17,458
Net interest income 45,196 42,838 135,673 127,320
Provision for loan losses 2,650 3,606 7,050 13,706
Net interest income after provision for loan losses 42,546 39,232 128,623 113,614
Noninterest income        
Deposit account fees 4,604 3,959 13,164 11,771
Interchange and ATM fees 2,845 2,422 7,934 7,189
Gains (Losses) on Extinguishment of Debt 763 0 763 0
Investment management 4,175 3,723 12,417 11,113
Mortgage banking income 1,843 1,445 5,794 4,238
Increase in cash surrender value of life insurance policies 793 757 2,325 2,211
Proceeds from death benefits on life insurance policies 0 1,307 0 1,307
Loan level derivative income 1,331 1,047 2,679 2,747
Other noninterest income 1,776 1,448 5,469 4,424
Total noninterest income 18,130 16,108 50,545 45,000
Noninterest expenses        
Salaries and employee benefits 22,654 20,704 66,963 61,915
Occupancy and equipment expenses 4,573 4,218 14,742 12,752
Data processing & facilities management 1,179 1,144 3,564 3,418
Consulting expense 914 691 2,291 1,900
FDIC assessment 898 775 2,653 2,354
Advertising expense 759 1,267 3,410 3,478
Debit Card Expense 766 648 2,209 1,844
Software Maintenance 599 491 1,878 1,467
Telecommunication expense 523 479 1,726 1,763
Business Combination, Acquisition Related Costs 366 595 2,465 1,267
Goodwill impairment    2,227    2,227
Other noninterest expenses 7,491 6,813 23,904 20,025
Total noninterest expenses 40,722 40,052 125,805 114,410
Income before income taxes 19,954 15,288 53,363 44,204
Provision for income taxes 5,299 3,687 13,698 11,546
Net income $ 14,655 $ 11,601 $ 39,665 $ 32,658
Basic earnings per share (in dollars per share) $ 0.64 $ 0.54 $ 1.73 $ 1.51
Diluted earnings per share (in dollars per share) $ 0.64 $ 0.53 $ 1.73 $ 1.51
Weighted average common shares (basic) (in shares) 22,946,308 21,654,188 22,886,521 21,613,157
Common shares equivalents (in shares) 100,806 52,116 72,799 31,300
Weighted average common shares (diluted) (in shares) 23,047,114 21,706,304 22,959,320 21,644,457
Cash dividends declared per common share (in dollars per share) $ 0.22 $ 0.21 $ 0.66 $ 0.63