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Consolidated Statements of Operations (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:        
Interest and fees on loans $ 32,003 $ 32,940 $ 98,185 $ 97,699
Interest on mortgage-backed securities 4,344 7,052 14,953 20,962
Interest and dividends on investment securities 158 99 335 396
Other interest income 9   27  
Total interest income 36,514 40,091 113,500 119,057
Interest expense:        
Interest on deposits 3,237 4,619 10,652 14,876
Interest on Federal Home Loan Bank advances 1,403 2,484 4,985 7,866
Interest on trust preferred borrowings 369 340 1,114 1,015
Interest on senior debt 353   353  
Interest on other borrowings 259 468 895 1,679
Total interest expenses 5,621 7,911 17,999 25,436
Net interest income 30,893 32,180 95,501 93,621
Provision for loan losses 3,751 6,558 28,379 21,048
Net interest income after provision for loan losses 27,142 25,622 67,122 72,573
Noninterest income:        
Credit/debit card and ATM income 5,738 5,523 17,031 15,549
Deposit service charges 4,360 4,385 12,673 11,975
Fiduciary & investment management income 3,258 2,987 9,716 8,891
Securities gains, net 2,451 1,935 17,797 2,953
Bank owned life insurance income 1,126 197 1,447 1,795
Mortgage banking activities, net 914 257 1,882 1,035
Loan fee income 706 610 1,803 1,871
Other income 1,195 1,030 3,149 2,523
Total non interest income 19,748 16,924 65,498 46,592
Noninterest expenses:        
Salaries, benefits and other compensation 16,942 15,337 49,840 44,566
Occupancy expense 3,235 3,171 9,697 8,944
Loan workout and OREO expenses 2,115 1,864 4,902 5,989
Equipment expense 1,701 1,666 5,403 5,195
Data processing and operations expenses 1,402 1,325 4,190 4,026
FDIC expenses 1,384 1,436 4,262 4,478
Professional Fees 671 1,267 2,917 3,974
Marketing Expense 379 1,597 1,976 3,446
Acquisition integration costs       780
Other operating expense 4,324 4,749 12,972 13,053
Total non interest expenses 32,153 32,412 96,159 94,451
Income before taxes 14,737 10,134 36,461 24,714
Income tax provision 4,758 3,348 12,708 8,199
Net income 9,979 6,786 23,753 16,515
Dividends on preferred stock and accretion of discount 693 692 2,077 2,077
Net income allocable to common stockholders $ 9,286 $ 6,094 $ 21,676 $ 14,438
Earnings per share:        
Basic $ 1.07 $ 0.71 $ 2.49 $ 1.68
Diluted $ 1.06 $ 0.70 $ 2.47 $ 1.66