XML 18 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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income:        
Interest and fees on loans and leases $ 33,079 $ 30,697 $ 91,937 $ 86,164
Interest on loans held for sale 176 248 838 587
Interest on deposits with banks 22 38 65 83
Interest and dividends on investment securities:        
Taxable 4,558 4,204 12,411 13,809
Exempt from federal income taxes 2,345 2,308 6,987 7,024
Interest on federal funds sold 0 0 0 1
Total interest income 40,180 37,495 112,238 107,668
Interest Expense:        
Interest on deposits 1,358 1,823 4,209 5,707
Interest on retail repurchase agreements and federal funds purchased 39 46 126 158
Interest on advances from FHLB 3,255 3,599 9,667 10,772
Interest on subordinated debt 222 242 672 732
Total interest expense 4,874 5,710 14,674 17,369
Net interest income 35,306 31,785 97,564 90,299
Provision for loan and lease losses 1,128 232 (1,670) 2,481
Net interest income after provision for loan and lease losses 34,178 31,553 99,234 87,818
Non-interest Income:        
Investment securities gains 0 296 118 459
Total other-than-temporary impairment ("OTTI") losses 0 (23) 0 (95)
Portion of OTTI losses recognized in other comprehensive income, before taxes 0 0 0 0
Net OTTI recognized in earnings 0 (23) 0 (95)
Service charges on deposit accounts 2,171 2,230 6,390 6,713
Mortgage banking activities (26) 1,981 2,738 4,294
Wealth management income 4,503 3,858 13,077 11,949
Insurance agency commissions 1,193 1,020 3,578 3,156
Income from bank owned life insurance 629 660 1,864 1,954
Visa check fees 1,077 984 3,113 2,844
Other income 1,676 1,236 4,979 3,435
Total non-interest income 11,223 12,242 35,857 34,709
Non-interest Expenses:        
Salaries and employee benefits 16,382 15,476 48,891 47,104
Occupancy expense of premises 3,149 3,106 9,327 8,895
Equipment expenses 1,200 1,237 3,676 3,682
Marketing 713 764 1,983 1,824
Outside data services 1,152 1,076 3,418 4,183
FDIC insurance 678 667 1,855 1,972
Amortization of intangible assets 462 476 1,384 1,403
Other expenses 3,157 4,365 11,690 13,645
Total non-interest expenses 26,893 27,167 82,224 82,708
Income before income taxes 18,508 16,628 52,867 39,819
Income tax expense 6,419 5,638 18,058 13,146
Net income $ 12,089 $ 10,990 $ 34,809 $ 26,673
Net Income Per Share Amounts:        
Basic net income per share $ 0.48 $ 0.44 $ 1.40 $ 1.09
Diluted net income per share $ 0.48 $ 0.44 $ 1.39 $ 1.09
Dividends declared per share $ 0.16 $ 0.12 $ 0.46 $ 0.34