XML 21 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income:        
Interest and fees on loans and leases $ 29,212 $ 28,338 $ 58,858 $ 55,467
Interest on loans held for sale 309 190 662 339
Interest on deposits with banks 24 24 43 45
Interest and dividends on investment securities:        
Taxable 3,919 4,662 7,853 9,605
Exempt from federal income taxes 2,315 2,343 4,642 4,716
Interest on federal funds sold 0 1 0 1
Total interest income 35,779 35,558 72,058 70,173
Interest Expense:        
Interest on deposits 1,396 1,871 2,851 3,884
Interest on retail repurchase agreements and federal funds purchased 38 51 87 112
Interest on advances from FHLB 3,189 3,586 6,412 7,173
Interest on subordinated debt 224 241 450 490
Total interest expense 4,847 5,749 9,800 11,659
Net interest income 30,932 29,809 62,258 58,514
Provision (credit) for loan and lease losses (2,876) 1,585 (2,798) 2,249
Net interest income after provision for loan and lease losses 33,808 28,224 65,056 56,265
Non-interest Income:        
Investment securities gains 62 90 118 163
Total other-than-temporary impairment ("OTTI") losses 0 (8) 0 (72)
Portion of OTTI losses recognized in other comprehensive income, before taxes 0 0 0 0
Net OTTI recognized in earnings 0 (8) 0 (72)
Service charges on deposit accounts 2,150 2,283 4,219 4,483
Mortgage banking activities 1,237 1,288 2,764 2,313
Wealth management income 4,532 4,034 8,574 8,091
Insurance agency commissions 1,036 934 2,385 2,136
Income from bank owned life insurance 623 660 1,235 1,294
Visa check fees 1,079 962 2,036 1,860
Other income 1,496 1,250 3,303 2,199
Total non-interest income 12,215 11,493 24,634 22,467
Non-interest Expenses:        
Salaries and employee benefits 16,163 15,927 32,509 31,628
Occupancy expense of premises 2,996 2,943 6,178 5,789
Equipment expenses 1,227 1,255 2,476 2,445
Marketing 755 565 1,270 1,060
Outside data services 1,114 1,828 2,266 3,107
FDIC insurance 581 653 1,177 1,305
Amortization of intangible assets 461 466 922 927
Other expenses 4,211 5,221 8,533 9,280
Total non-interest expenses 27,508 28,858 55,331 55,541
Income before income taxes 18,515 10,859 34,359 23,191
Income tax expense 6,353 3,652 11,639 7,508
Net income $ 12,162 $ 7,207 $ 22,720 $ 15,683
Net Income Per Share Amounts:        
Basic net income per share $ 0.49 $ 0.30 $ 0.91 $ 0.65
Diluted net income per share $ 0.49 $ 0.30 $ 0.91 $ 0.65
Dividends declared per share $ 0.16 $ 0.12 $ 0.30 $ 0.22